XL Energy Limited Appoints Pankaj Jain as Independent Director and Harsh Jain as Manager
XL Energy Limited has announced significant appointments to strengthen its governance and management structure. The company appointed Mr. Pankaj Jain as an Additional Non-Executive Independent Director and Mr. Harsh Jain as Manager (Key Managerial Personnel), effective from August 04, 2026. Both appointments are set for a term of five years, subject to shareholder approval at the ensuing General Meeting.The decisions regarding these key personnel were made by the Monitoring Committee of the Company during its meeting on August 04, 2026.
Details of Key Appointments
The company has filled two critical roles with experienced professionals, focusing on reinforcing corporate finance expertise and operational management capability.Appointment of Pankaj Jain as Additional Non-Executive Independent Director
Mr. Pankaj Jain was appointed to the role of Additional Non-Executive Independent Director, effective August 04, 2026. This appointment is for a term of five years, running from August 04, 2026, until August 03, 2031, pending shareholder ratification.Mr. Jain brings extensive expertise in financial matters to the board. He is a Chartered Accountant and possesses over 12 years of experience across Debt Syndication, Project Finance, Corporate Finance, Debt Restructuring, NCLT Resolution, Asset Acquisition, and Loan Against Securities (LAS) Portfolio Management. His professional achievements include successfully raising over Rs. 1,000 crore through various facilities such as Term Loans, Working Capital facilities, NCDs, Letters of Credit, and Bank Guarantees. Furthermore, he has executed retail portfolio acquisitions exceeding ₹100 crore from leading NBFCs.
Key details regarding Mr. Pankaj Jain are summarized below:
| Particulars | Details |
|---|---|
| Designation | Additional Non-Executive Independent Director |
| Date of Appointment | August 04, 2026 |
| Term of Appointment | 5 years (August 04, 2026 to August 03, 2031) |
| Brief Profile | Over 12 years in Debt Syndication and Project Finance. Expertise includes financial modelling, structured finance, and resolution plan implementation. |
| Relationship Disclosure | NIL |
Appointment of Harsh Jain as Manager
Mr. Harsh Jain has been appointed as the Manager (Key Managerial Personnel) for XL Energy Limited, effective August 04, 2026. His role is set for a five-year term, concluding on August 03, 2031, pending ratification by shareholders.The company board views Mr. Jain's managerial capabilities and knowledge as crucial contributions to the efficient management and growth trajectory of the Company. He holds a Commerce degree and has gained experience in corporate management, strategic planning, finance, and operational administration across various companies and Limited Liability Partnerships.
Essential information regarding Mr. Harsh Jain is detailed in the table below:
| Particulars | Details |
|---|---|
| Designation | Manager (Key Managerial Personnel) |
| Date of Appointment | August 04, 2026 |
| Term of Appointment | 5 years (August 04, 2026 to August 03, 2031) |
| Brief Profile | Experience in corporate management, business administration, strategic planning, and finance. Involved in overseeing operations and business development. |
| Relationship Disclosure | Son of Naresh Manakchand Jain (Non-Executive Director) and brother of Karishma Jain (Executive Director & CFO). |
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