NICCO UCO ALLIANCE CREDIT LIMITED has formally accepted the resignation of its Company Secretary and Compliance Officer, marking the end of a significant tenure due to health-related concerns. The company disclosed this development under Regulation 30 of SEBI listing requirements, highlighting the circumstances surrounding this key managerial personnel change.

Resignation Details and Timeline

Mr. S. S. Majumdar (ACS-1484) submitted his resignation letter on March 11, 2026, expressing his inability to continue in his role due to deteriorating health conditions. The Board of Directors considered and accepted his resignation during their meeting held on March 19, 2026, with his relief taking effect immediately from the same date.

Health Concerns Behind the Decision

The resignation was prompted by serious health challenges faced by the 91-year-old executive. Mr. Majumdar detailed his health struggles in his resignation letter, citing recurring incidents that affected his ability to perform his duties effectively.

Key health issues included:

• Recurring blackouts: Leading to sudden falls and head injuries
• Recent severe incident: On March 9, 2026, at approximately 10:00 A.M., resulting in severe head injuries
• Fractured collar bone: Requiring weeks to months for recovery
• Age-related concerns: At 91 years old, facing increasing health challenges

Service Tenure and Role

Mr. Majumdar served as Company Secretary and Compliance Officer for NICCO UCO ALLIANCE CREDIT LIMITED since April 1, 2014, completing nearly 12 years of service. As a Key Managerial Personnel (KMP), his role encompassed critical compliance and secretarial functions for the Kolkata-based financial services company.

Regulatory Compliance

The company fulfilled its disclosure obligations by submitting the resignation details to BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Managing Director and CEO Kaustubha Basu (DIN: 1018580), ensuring proper regulatory compliance during this transition period.

NICCO UCO Alliance Credit Limited officially announced the appointment of Ms. Sanjushree Paul (ACS-79252) as the new Company Secretary & Compliance Officer, following a Board of Directors meeting held on March 19, 2026. This appointment comes after the resignation of former Company Secretary Mr. S.S. Majumdar (ACS-1484) due to health-related reasons.

Board Meeting and Official Appointments

The Board meeting, which commenced at 02:00 P.M. and concluded at 03:50 P.M., formally approved Ms. Paul's appointment with immediate effect from March 19, 2026. The company communicated this development to BSE Limited under Regulation 30 read with Schedule III of the SEBI Listing Regulations.

New Company Secretary Profile

Ms. Sanjushree Paul is a qualified Company Secretary and member of the Institute of Company Secretaries of India, bringing relevant experience in corporate laws and regulatory compliance. Her appointment ensures compliance with Section 203 of Companies Act, 2013 and Regulation 6(1) of SEBI (LODR) Regulations, 2015.

Previous Management Changes

The appointment follows the earlier resignation of Mr. S.S. Majumdar, who submitted his resignation letter on March 11, 2026, citing health-related reasons. The Board had accepted his resignation with immediate effect from March 19, 2026, creating the vacancy that Ms. Paul now fills.

Ongoing Legal Proceedings

The company continues to monitor several legal matters, including proceedings with Deshra Rural Development Agency in Kolkata courts and an NCLAT appeal filed by UCO Bank. The Bankshall Court matter is scheduled for hearing on April 09, 2026, while the City Civil Court case is set for April 27, 2026.

The formal communication was signed by Managing Director & CEO Kaustubha Basu (DIN: 1018580), emphasizing the company's commitment to maintaining proper corporate governance standards during this management transition.