Nicco Uco Alliance Credit Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2025 ,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, 11 November 2025 at 2:00 PM at the registered office in Kolkata. The key business item is to approve the unaudited limited review financial results (standalone and consolidated) for Q2 FY26 ended 30 September 2025, along with the newspaper advertisement for the same. The board will also review internal audit observations, investor complaints, and SEBI LODR compliance for the quarter. Notably, two agenda items relate to legal troubles: the status of an insolvency petition filed by UCO Bank against the company under Section 7 of the IBC, 2016 (Case No. C.P.(IB)-129/2025), and an old Debt Recovery Tribunal proceeding (Original Application No. 118 of 2005) also by UCO Bank.
Expect the Q2 FY26 results shortly after 11 November, which will drive the next stock reaction. The presence of an active IBC case and a long-pending DRT case against the company from its lender UCO Bank is a serious negative signal — shareholders should monitor outcomes closely as insolvency proceedings could materially affect the company.