Audited Financial Results for the quarter and year ended 31st march, 2026
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Limited reported a net loss of Rs 1,586.08 lakhs for FY2026, with total income of just Rs 44.61 lakhs. The company's balance sheet shows deeply negative net worth with total equity at Rs -68,704.77 lakhs, indicating complete erosion of shareholder capital. The auditor issued a Qualified Opinion citing three key concerns: (1) RBI cancelled the company's NBFC license in 2006 with appeal still pending, (2) bank balances remain unconfirmed as accounts turned NPA, and (3) the company has not charged interest on consortium bank dues since April 2015, resulting in Rs 2,482 crores of cumulative loss reduction being deferred. SFIO proceedings for accounting violations are also pending in court.
This is an extremely distressed company with negative equity, a cancelled NBFC license under appeal, and auditors raising serious concerns. Shareholders face near-total loss of investment value. The qualified audit opinion and pending regulatory actions suggest significant risk of delisting or winding up.