Change in Management

Date: 04-08-2026 To, To The General Manager, National Stock Exchange of India Limited BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai- 400051 Scrip Code 532788 SYMBOL: XLENERGY Subject: Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 - Appointment of Directors and KMP of XL Energy Limited. Dear Sir/ Ma’am, Pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, this is to inform you that the Monitoring Committee of the Company of the Company, exercising the powers of the Board of Directors pursuant to the approved Resolution Plan, at its meeting held on 04th August, 2026, has inter alia approved the following: 1. Appointment of Additional Non-executive Independent Director: Appointment of Mr. Pankaj Jain (DIN: 11114458) as a Additional Non-Executive Independent Director, w.e.f. August 04, 2026 subject to the approval of the shareholders at the ensuing General Meeting, and upon approval of the shareholders, shall hold office as an Independent Director, not liable to retire by rotation. for term of 5 consecutive years w.e.f. August 04, 2026 to August 03, 2031 2. Appointment of Manager (Key Managerial Personnel) Appointment of Mr. Harsh Jain as Manager of the Company for period of 5 years w.e.f. August 04, 2026 to August 03, 2031, subject to the approval of the shareholders at the ensuing General Meeting. XL ENERGY LIMITED CIN No: U31300TG1985PLC005844 Office 318, 3rd Floor, Mittal Chambers, 2-2-51, M.G. Road, Secunderabad, Hyderabad, Telangana, India, 500003, Tel – 040-27710751 Corp address: Office No.2, 1st Floor, 7 Homji Street, Rahimtoola House, Fort, Mumbai – 400 001. E-mail: xlenergy85@gmail.com Phone: +91 7666540600 The relevant particulars to be disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure A. Request you to please take the above information on record Thanking You. FOR XL ENERGY LIMITED Naresh Jain Director (DIN: 00291963) XL ENERGY LIMITED CIN No: U31300TG1985PLC005844 Office 318, 3rd Floor, Mittal Chambers, 2-2-51, M.G. Road, Secunderabad, Hyderabad, Telangana, India, 500003, Tel – 040-27710751 Corp address: Office No.2, 1st Floor, 7 Homji Street, Rahimtoola House, Fort, Mumbai – 400 001. E-mail: xlenergy85@gmail.com Phone: +91 7666540600 Annexure- A Information as required under Regulation 30 - Part A of Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 A. Appointment of Mr. Pankaj Jain as Additional Director (Non-Executive Independent Director) Particulars Details Name Mr. Pankaj Jain Designation Additional Non-Executive Independent Director Reason for Change (viz., appointment, Appointment as an Additional Non-Executive resignation, removal, death or otherwise) Independent Director, not liable to retire by rotation subject to the approval of the Members at the ensuing AGM Date of Appointment /cessation (as Date of Appointment: 04th August, applicable) & term of appointment; 2026 Term of appointment: 5 years i.e. from 04th August, 2026 till 03rd August 2031, subject to shareholders approval Brief Profile (in case of appointment) CA Pankaj Jain is a Chartered Accountant with over 12 years of experience in Debt Syndication, Project Finance, Corporate Finance, Debt Restructuring, NCLT Resolution, Asset Acquisition, and Loan Against Securities (LAS) Portfolio Management. He has successfully raised over Rs. 1,000 crore through Term Loans, Working Capital facilities, NCDs, Letters of Credit, and Bank Guarantees, while also executing retail portfolio acquisitions exceeding ₹100 crore from leading NBFCs. His expertise spans financial modelling, project appraisal, lender negotiations, structured finance, resolution plan implementation, and post-sanction execution. Pankaj has extensive experience in preparing investment proposals, project reports, cash flow models, and restructuring strategies, while maintaining strong relationships with banks, NBFCs, private equity funds, and financial institutions. He also serves as an Independent Director in listed companies, contributing to corporate governance and strategic financial decision-making. XL ENERGY LIMITED CIN No: U31300TG1985PLC005844 Office 318, 3rd Floor, Mittal Chambers, 2-2-51, M.G. Road, Secunderabad, Hyderabad, Telangana, India, 500003, Tel – 040-27710751 Corp address: Office No.2, 1st Floor, 7 Homji Street, Rahimtoola House, Fort, Mumbai – 400 001. E-mail: xlenergy85@gmail.com Phone: +91 7666540600 A qualified Chartered Accountant (ICAI, 2013) with certification in Financial Modelling from BSE Institute, he combines technical expertise with strategic thinking to deliver innovative and sustainable financing solutions for businesses across sectors. Disclosure of relationship between NIL Directors (In case of Appointment of a director) Confirmation in compliance with SEBI Mr. Pankaj Jain is not debarred from holding the Letter dated June 14, 2018 read along office of director by virtue of any SEBI order or with BSE circular no. any other such authority. LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/02 dated June 20, 2018 B. Appointment of Mr. Harsh Jain as Manager (Key Managerial Personnel) Particulars Details Name Mr. Harsh Jain Designation Manager (Key Managerial Personnel) Reason for Change (viz., appointment, Appointment as a Manager, subject to the resignation, removal, death or otherwise) approval of the Members at the ensuing AGM Date of Appointment /cessation (as Date of Appointment: 04th August, applicable) & term of appointment; 2026 Term of appointment: 5 years i.e. from 04th August, 2026 till 03rd August 2031, subject to shareholders approval Brief Profile (in case of appointment) Mr. Harsh Jain is a Commerce Graduate having experience in corporate management, business administration, strategic planning, finance and operational management. He has been associated with various companies and Limited Liability Partnerships in leadership positions, serving as Director and Designated Partner, where he has contributed towards organizational growth, governance, and business development. He has been actively involved in overseeing business operations, administration and management functions. His experience includes corporate planning, regulatory compliances, business development and organizational XL ENERGY LIMITED CIN No: U31300TG1985PLC005844 Office 318, 3rd Floor, Mittal Chambers, 2-2-51, M.G. Road, Secunderabad, Hyderabad, Telangana, India, 500003, Tel – 040-27710751 Corp address: Office No.2, 1st Floor, 7 Homji Street, Rahimtoola House, Fort, Mumbai – 400 001. E-mail: xlenergy85@gmail.com Phone: +91 7666540600 management. The Board believes that his knowledge and managerial capabilities will contribute significantly towards the efficient management and growth of the Company. Disclosure of relationship between Mr. Harsh Jain is the son of Mr. Naresh Directors (In case of Appointment of a Manakchand Jain (Non-Executive Director) and director) the brother of Ms. Karishma Jain (Executive Director & Chief Financial Officer) of the Company. Confirmation in compliance with SEBI Not Applicable, as Mr. Harsh Jain is being Letter dated June 14, 2018 read along appointed as Manager (KMP) and not as a with BSE circular no. Director. LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/02 dated June 20, 2018 This is for your intimation and record. Thanking You. FOR XL ENERGY LIMITED Naresh Jain Director (DIN: 00291963) XL ENERGY LIMITED CIN No: U31300TG1985PLC005844 Office 318, 3rd Floor, Mittal Chambers, 2-2-51, M.G. Road, Secunderabad, Hyderabad, Telangana, India, 500003, Tel – 040-27710751 Corp address: Office [Showing first 8,000 characters — download PDF for full document]