Pursuant to Reg 30 of the SEBI (LODR) Reg, 2015 and further to our letter dated 31.10.2025, we write to inform you that the Board of Directors of the Company at their meeting held today ....
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd, an NBFC, reported unaudited financial results for Q2 and H1 FY26 (ended 30 Sep 2025), showing virtually no operational revenue (Rs 0.69 lakh in Q2, Rs 1.70 lakh in H1) against finance costs of Rs 746.89 lakh in H1. The company posted a loss of Rs 402.56 lakh in Q2 and Rs 784.26 lakh in H1 (standalone), with negative EPS of Rs 0.94 for H1. Net worth is deeply negative at around Rs 679 crore, with total liabilities of about Rs 683 crore against total assets of just Rs 4.6 crore. The statutory auditor's review report flagged multiple serious issues including cancellation of the NBFC licence by RBI (appeal pending), pending SFIO proceedings, non-confirmation of balances from banks where accounts are NPA, and non-provisioning of interest on bank dues (Rs 2,257 crore cumulative understatement of losses, of which Rs 213 crore pertains to the current period).
This is a deeply distressed, non-operational NBFC where shareholder value has been effectively wiped out (negative net worth of Rs 679 crore on a paid-up equity of just Rs 16.56 crore). The Rs 2,257 crore unrecorded interest liability, cancelled NBFC licence, and pending SFIO cases mean very high risk for shareholders with no realistic path to recovery visible. The stock is likely to remain illiquid and speculative.