Financial Analyst Summary: XL Energy Limited Q1 FY27 Results

Date of Communication: 12th August 2026

Nature of Document and Approval

This document constitutes the certified resolution passed by the Monitoring Committee of XL Energy Limited at its meeting held on Wednesday, 12th August 2026 at 4:00 PM through audio video conferencing. The primary purpose was to consider and approve the Unaudited Financial Results of the Company for the quarter ended June 2026 along with the Limited Review Report, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Monitoring Committee is currently discharging the functions of the Board of Directors as the company is under the implementation of an NCLT-approved Resolution Plan.

Financial Results Clarification

The company reported a significant turnaround in performance for Q1 FY27 (ended 30th June 2026):

Income Statement Highlights (Rs. in Lakhs):

  • Revenue from Operations: ₹2,642.27 (compared to ₹0.00 in the corresponding previous quarter ended 30.06.2025)
  • Other Income: ₹0.32 (compared to ₹0.35 in Q1 FY26)
  • Total Income: ₹2,642.59 (compared to ₹0.35 in Q1 FY26)
  • Total Expenses: ₹2,371.31 (primarily comprising Changes in inventories: ₹2,282.43, Finance Costs: ₹29.59, Other expenses: ₹59.29)
  • Profit/(Loss) before tax: ₹271.27 (compared to a loss of ₹5.03 in Q1 FY26)
  • Profit/(Loss) for the period: ₹271.27 (compared to a loss of ₹5.03 in Q1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹16.94 (compared to a loss per share of ₹0.02 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹160.11 Lakhs (Face Value ₹10/- each)

Comparative Figures:

  • Previous Quarter (Q4 FY26 ended 31.03.2026): Net Loss of ₹253.78 Lakhs
  • Corresponding Quarter Previous Year (Q1 FY26 ended 30.06.2025): Net Loss of ₹5.03 Lakhs
  • Previous Financial Year (FY26 ended 31.03.2026): Net Loss of ₹308.11 Lakhs

Regulatory Compliance and Status Update

The approval and filing of the results are being done to comply with Regulation 33 of the SEBI LODR Regulations, 2015.

The document clarifies critical ongoing corporate developments:

1. NCLT Resolution Plan Status: The company is under an NCLT-approved Resolution Plan (approved on 19th April 2024). A Monitoring Committee is overseeing implementation.

2. Non-Implementation of Capital Restructuring: Key elements of the Resolution Plan, including capital reduction and issuance of new shares to Successful Resolution Applicants and public shareholders, had not been implemented as of 30th June 2026. This is due to pending directions from the Hon'ble NCLT, procedural delays, and a pending appeal at the NCLAT.

3. NCLAT Appeal: The National Stock Exchange Ltd. has preferred an appeal (Company Appeal 1A No. 797 and 798 of 2025) at the NCLAT Chennai Bench, challenging the NCLT's order dated 2nd May 2025 regarding the relisting of the company's shares. Consequently, the relisting and trading of shares remain pending.

4. Management Authority: As the Whole-time Director ceased to hold office on 5th August 2026, Mr. Naresh Manakchand Jain (DIN: 00291963), Director, was authorized to sign and submit the financial results to the stock exchanges per Regulation 33(2)(b).

Auditor's Review Conclusion

The Independent Auditor, Pavuluri & Co. (Firm Reg. No: 012194S), issued a Limited Review Report. Based on their review conducted under SRE 2410, nothing came to their attention that causes them to believe the Statement of Unaudited Standalone Financial Results:

  • Has not disclosed the information required by SEBI Regulation 33.
  • Contains any material misstatement.

The results were prepared in accordance with Ind AS 34 and other applicable accounting principles.

Topic Tags: Regulatory Compliance, Financial Results, NCLT Resolution Plan, NCLAT Appeal, Corporate Restructuring, SEBI LODR