XL Energy Limited has informed that Mr. Vikas Nayyar has been appointed as an Independent Director on the Board of the company, effective April 10, 2013.

XL Energy Ltd. has announced that Ms. Jyoti Khatri who was Company Secretary of the company has resigned and relieved from duties with effect from March 22, 2013 and in her place Ms. M. Bhargavi has been appointed as the new Company Secretary with effect from March 25, 2013.

XL Energy Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 11.312 million against INR 10.589 million a year ago. Loss from operations before other income, interest and exceptional items was INR 3.931 million compared to INR 25.96 million reported a year ago. Loss from ordinary activities before tax was INR 3.931 million against INR 410.202 million a year ago. Net loss was INR 2.625 million or INR 0.12 per basic and diluted share before and after extraordinary items against net loss of INR 285.66 million or INR 12.54 per basic and diluted share before and after extraordinary items reported a year ago. For the nine months, net sales were INR 30.388 million. Loss from ordinary activities before tax was INR 14.086 million. Net loss was INR 9.407 million or INR 0.41 per basic and diluted share before and after extraordinary items. Loss from operations before other income, interest and exceptional items was INR 14.937 million.