Audited Financial Results for the quarter and year ended 31 March, 2026.
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd reported total income of Rs 44.60 lakhs for FY2026, up from Rs 16.71 lakhs in FY2025. However, the company posted a net loss of Rs 1585.51 lakhs (standalone) versus Rs 1383.18 lakhs the previous year. The auditors issued a Qualified Opinion due to three key issues: RBI cancelled the company's NBFC license in 2006 (appeal pending), bank balances remain unconfirmed as accounts turned NPA, and the company stopped charging interest on consortium bank dues from April 2015, reducing losses by Rs 2482 crores. The balance sheet shows deeply negative equity of Rs -687 crores against total assets of just Rs 471.73 lakhs. SFIO has initiated proceedings against the company for accounting violations pending in court.
This is an extremely distressed company with negative net worth exceeding Rs 687 crores, suspended NBFC operations, and auditor concerns about going concern assumption. The stock is high-risk with no immediate recovery prospects. Shareholders face potential total loss of investment.