Nicco Uco Alliance Credit Ltd. Announces Leadership Change and Addresses Legal Proceedings
Kolkata – Nicco Uco Alliance Credit Ltd. announced several key updates following a board meeting held on March 19, 2026.The company accepted the resignation of Mr. S.S. Majumdar as Company Secretary & Compliance Officer, effective March 19, 2026, due to health-related reasons. Subsequently, the board appointed Ms. Sanjushree Paul (ACS-79252) as the new Company Secretary & Compliance Officer, effective the same date. Ms. Paul will also serve as a Key Managerial Personnel.
The board also noted ongoing legal proceedings initiated by Deshra Rural Development Agency, currently pending before the Learned Executive and Judicial Magistrate, Bankshall Court, Kolkata (Misc. Case No. 215 of 2025) and the City Civil Court at Kolkata (Title Suit No. 2565 of 2025). The matter was last heard on February 23, 2026, and March 18, 2026, and is next scheduled for April 9, 2026. The company has filed written objections in the City Civil Court case, with a hearing scheduled for April 27, 2026.
Additionally, the board noted the status of an appeal filed by UCO Bank before the National Company Law Appellate Tribunal (NCLAT) against an order from the National Company Law Tribunal (NCLT), Kolkata Bench. Defects in the appeal have been rectified and were last heard on March 18, 2026. The company has raised objections to additional documents filed by the opposing party and is required to file further objections by April 18, 2026. The next hearing is scheduled for April 20, 2026.
Table: New Company Secretary Details
| Particulars | Details |
|---|---|
| Reason for Change | Appointment of Ms. Sanjushree Paul (ACS-79252) as Company Secretary & Compliance Officer |
| Date of Appointment | March 19, 2026 |
| Terms of Appointment | Appointed as Company Secretary & Compliance Officer under Section 203 of the Companies Act, 2013, and Regulation 6(1) of SEBI (LODR) Regulations, 2015 |
| Brief Profile | Ms. Sanjushree Paul is a qualified Company Secretary with experience in corporate laws and regulatory compliance. |
| Relationship to Directors | Not related to any Director of the Company |
| SEBI Order Status | Not debarred from holding the office of Company Secretary |
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