NICCO UCO Alliance Credit Limited Appoints New Company Secretary Following Resignation
NICCO UCO Alliance Credit Limited has appointed Ms. Sanjushree Paul (ACS-79252) as the new Company Secretary & Compliance Officer effective March 19, 2026, following a Board meeting that approved the appointment to ensure regulatory compliance. This appointment comes after the resignation of former Company Secretary Mr. S.S. Majumdar due to health reasons, with the company maintaining proper corporate governance standards during the management transition.
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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.
| Appointment Details: | Information |
|---|---|
| Officer: | Ms. Sanjushree Paul (ACS-79252) |
| Position: | Company Secretary & Compliance Officer |
| Appointment Date: | March 19, 2026 |
| Effective Date: | March 19, 2026 |
| Designation: | Key Managerial Personnel |
| Board Approval: | March 19, 2026 |
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.
| Professional Details: | Information |
|---|---|
| Qualification: | Company Secretary (ACS-79252) |
| Membership: | Institute of Company Secretaries of India |
| Experience: | Corporate laws and regulatory compliance |
| Relationship to Directors: | Not related to any Director |
| Debarment Status: | Not debarred by SEBI or other authority |
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.
| NCLAT Proceedings: | Status |
|---|---|
| Appeal Filed By: | UCO Bank |
| Court: | NCLAT, Delhi |
| Last Hearing: | March 18, 2026 |
| Next Hearing: | April 20, 2026 |
| Company Action: | Filing objections within 15 days |
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.
How might Ms. Paul's compliance expertise influence NICCO UCO Alliance's strategy for resolving the ongoing NCLAT proceedings with UCO Bank?
Will the leadership transition impact the company's ability to navigate the upcoming court hearings scheduled for April 2026?
What changes in corporate governance practices might emerge under the new Company Secretary's tenure?
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