Nicco Uco Alliance Credit Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2025 ,inter alia, to consider and approve Pursuant to Regulation ....
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd has informed BSE that its Board of Directors will meet on Tuesday, 12 August 2025 at 2:00 PM at the registered office in Kolkata. The main agenda item is the approval of unaudited limited review standalone and consolidated financial results for Q1 ended 30 June 2025, along with the newspaper advertisement for the results. Other agenda items include noting minutes of previous Board, Audit Committee and Nomination & Remuneration Committee meetings, and compliance status under SEBI LODR for Q1 FY26. The board will also note a change in the name of the statutory auditor firm from BASU CHANCHANI & DEB to BCAG & ASSOCIATES. Importantly, the board will review the current status of the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC, 2016 filed against the company (Case No. C.P.(IB)-129/2025). Additionally, the board will note the sale of 1,00,000 equity shares of Prestige Agro-Tech Limited by the company.
This is a routine advance notice, but two agenda items are material for shareholders: approval of Q1 FY26 results and an update on the ongoing insolvency resolution process against the company, which indicates serious financial stress. Shareholders should watch the 12 August outcome closely, especially the CIRP status update, as it directly affects the company's solvency and future.