XL Energy Ltd (XLENERGY) — FY26 Annual Report | 8 September 2026

XL Energy Limited, a company undergoing post-CIRP transition, reported a net loss of ₹308.11 lakhs for FY 2025-26, with no dividend proposed. The company's authorized share capital was restructured to 15 million equity shares of ₹10 each, resulting in a paid-up capital of 1.6011 million shares (95% held by resolution applicants, 5% by public). Key governance changes include appointments of Pankaj Jain as Independent Director and Harsh Jain as Manager (effective 4 August 2026, subject to AGM approval), and resignations of three directors. The company remains suspended from trading on exchanges due to pending NSE appeal against NCLT's relisting order, with re-listing contingent on NCLAT outcome. The statutory auditor issued a qualified opinion highlighting unresolved capital restructuring, pending regulatory approvals, and going concern uncertainty, while the secretarial auditor noted non-compliance with governance norms during transition. Management emphasized ongoing efforts to complete resolution plan implementation and restore normal operations.