Pursuant to Reg 33 of SEBI (LODR) Reg, 2015 and our letter dated 31.10.2025 we write to inform you that the Board of Directors of the Company at their Board meeting held today i.e. 11.11.2025 ....
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit reported another weak quarter with zero revenue from operations and total income of just Rs 0.69 lakhs, down from Rs 1.31 lakhs in the same quarter last year. The company posted a loss before tax of Rs 402.56 lakhs for Q2 FY26, widening from Rs 341.38 lakhs in Q2 FY25, driven mainly by finance costs of Rs 383.11 lakhs. For the half year, losses grew to Rs 784.26 lakhs versus Rs 678.33 lakhs in the prior year period. The balance sheet shows deeply negative net worth of approximately Rs 679 crores and total liabilities of Rs 683 crores, with the company highlighting that interest on bank dues amounting to Rs 2,257 crores cumulatively has not been provided. Notes also flag the pending appeal against RBI's cancellation of its NBFC license, ongoing SFIO proceedings, and non-confirmation of bank balances where accounts are NPAs.
The company is in deep financial distress with fully eroded equity, zero operating revenue, continued losses, and its NBFC license cancelled (under appeal). The non-provision of Rs 2,257 crores of interest means true losses are far higher. Shareholders face extreme going-concern risk with negligible recovery prospects.