INTEGRATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd, a Kolkata-based NBFC whose licence was cancelled by RBI in 2005 (appeal pending), reported zero revenue from operations for FY25 and a net loss of Rs 1,383.18 lakhs, wider than Rs 1,150.39 lakhs in FY24. Total income fell to Rs 18.71 lakhs from Rs 65.81 lakhs. The company has a deeply negative net worth of Rs 67,116.50 lakhs against total assets of just Rs 496.16 lakhs. The auditor (Basu Chanchani & Deb) issued a qualified opinion, flagging NBFC licence cancellation, non-confirmation of bank balances (NPAs), non-provision of interest of Rs 2,044 crores on bank dues since April 2015, and pending SFIO proceedings. Operating cash flow turned negative at Rs -76 lakhs versus Rs +57 lakhs last year.
This is a deeply distressed company with negative net worth, no operating revenue, ongoing NBFC licence dispute, and qualified audit opinion — extremely high risk for shareholders with no clear path to recovery. Stock is likely illiquid and speculative; existing shareholders face severe dilution or wipeout risk if one-time settlement with lenders fails.