Pursuant to Regulation 24A of SEBI (LODR), Regulations, 2015 we are forwarding herewith Annual Secretarial Complaince Report for the Financial Year 2025-2026.
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 as per SEBI Regulation 24A. The report reveals two current-year compliance issues: one promoter share remains pending dematerialization (Regulation 31(2)) and voting results were not submitted within the prescribed period under Regulation 44(3), attracting a fine of Rs 10,000 plus GST. Historical issues from prior years include unpaid listing fees for 2022-23, delayed secretarial report filing for FY 2021-22, and a non-functional website during 2022-23. SEBI had previously imposed penalties for non-compliance. The company was found compliant on secretarial standards, policy adoption, director qualifications, document preservation, and related party transactions.
The company shows persistent compliance gaps including an outstanding penalty and unpaid listing fees, which may concern investors about governance standards. The Rs 10,000 fine for voting results submission is minor but indicates ongoing regulatory lapses.