Management Change4 Aug 2026, 06:50 pm
XL Energy Appoints Pankaj Jain as Independent Director, Harsh Jain as Manager
AI Summary
XL Energy Ltd announced the appointment of Mr. Pankaj Jain as Additional Non-Executive Independent Director and Mr. Harsh Jain as Manager (Key Managerial Personnel). These appointments, effective August 4, 2026, are subject to shareholder approval at the upcoming General Meeting. Mr. Pankaj Jain, a Chartered Accountant with over 12 years of experience in finance and debt syndication, will serve a term of 5 years. Mr. Harsh Jain will also serve a 5-year term as Manager. These changes were approved by the company's Monitoring Committee, exercising the powers of the Board of Directors.
Key Highlights
- Pankaj Jain appointed as Additional Non-Executive Independent Director.
- Harsh Jain appointed as Manager (Key Managerial Personnel).
- Both appointments are for a 5-year term commencing August 4, 2026.
- Shareholder approval is required for both appointments.
- Pankaj Jain brings over 12 years of financial expertise.
Price Impact
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