Pursuant to Reg 33 of SEBI (LODR) Reg 2015 and further to our letter dated 08.05.2026 we write to inform you that the Board of Directors of the Company at their meeting held today the 19 ....
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Limited, an NBFC, reported audited financial results for Q4 and year ended March 31, 2026. The company reported zero revenue from operations with other income of just Rs 44.60 lakhs. Finance costs stood at Rs 1,552.96 lakhs, resulting in a net loss of Rs 1,585.51 lakhs for the standalone year. The balance sheet reveals catastrophic financial distress with negative equity of Rs 68,704.77 lakhs against total assets of only Rs 471.73 lakhs. Auditors BCAG & Associates issued a qualified opinion citing: cancellation of RBI NBFC license (2006) with appeal pending, non-confirmation of NPA bank balances, and non-provisioning of Rs 2,482 crores interest on consortium bank dues. SFIO proceedings against the company are also pending in court.
This filing signals extreme financial distress with near-total erosion of net worth, regulatory撤销 of NBFC license, and ongoing legal proceedings. The qualified audit opinion raises material concerns about the reliability of financial statements. Shareholders face severe risk as the company continues operations on a fragile going concern basis despite negative equity.