True
In an exothermic reaction, energy is released in the form of heat or light into the environment. That means the reactants have high energy, and they are unstable. Reactants will get stabilized by forming bonds and releasing energy. As exothermic reactions are bond-making processes, so the energy is released and reactants have more energy and are highly reactive. Thus, the products formed in exothermic reactions will have less energy as compared to reactants. Therefore, the given statement is True.