Pursuant to applicable Regulations of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the Notice convening the 41ST AGM of the Company scheduled to be held on Tuesday, ....
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd has issued the notice for its 41st AGM, scheduled for Tuesday, 19 August 2025 at 11:00 a.m. at its registered office in Kolkata, with remote e-voting through NSDL from 16–18 August. Ordinary business includes adopting the audited standalone and consolidated financial statements for FY ended 31 March 2025 and re-appointing Mrs. Anita Lahiri as director by rotation. Special business seeks shareholders' approval to re-appoint Mr. Prabir Kumar Nag as Independent Director for a second 5-year term (25 May 2025 to 24 May 2030), to authorise the filing of a revised Form MR-1 to correct an inadvertent age error for MD & CEO Mr. Kaustubha Basu (who is over 70), and to alter the MOA and AOA to align with the Companies Act 2013. Most importantly, shareholders will vote on a special resolution to authorise management to contest an insolvency petition filed by lead lender UCO Bank under Section 7 of the IBC before NCLT Kolkata on 20 March 2025 (Case No. CP(IB)129/2025), seeking initiation of Corporate Insolvency Resolution Process against the company.
The UCO Bank insolvency petition is the single most material item on the AGM agenda — if shareholders do not approve the resolution to contest it, the company could face CIRP proceedings and a serious going-concern risk. Approval to contest buys management time but does not resolve the underlying debt dispute, so shareholders should view the AGM outcome and any NCLT ruling as critical near-term catalysts for the stock.