XL Energy has informed that in continuation to the earlier intimation, pertaining to the approval of the resolution plan submitted by the Consortium of Karishma Jain; Jupiter City Developers (I) & Adwaita Navigations, (Successful Resolution Applicant) by Hon'ble National Company Law Tribunal, Mumbai (NCLT) on April 19, 2024 (Plan Approval Date). As per the terms of the approved Resolution plan, a monitoring committee was constituted, to oversee the implementation of the resolution plan. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulation, 2015, the 7th Monitoring Committee Meeting of the Company was duly convened and conducted on Friday 20th June, 2025 at 4.00 pm through audio video conferencing, along with other businesses, transacted the following business: Reduction of Preference Share capital and Equity Share Capital by way of cancellation and extinguishment of existing issued, subscribed and paid-up Equity Share Capital as on the record date fixed. The preference shareholders will not receive any consideration and all their shares will be cancelled on approval of the resolution plan by the Adjudicating Authority without any further act or deed being done by the Company or any provisions of the Companies Act, 2013 for cancellation of the preference shares.

The above information is a part of company’s filings submitted to BSE.