Nicco Uco Alliance Credit Limited Notifies Shareholders of Special Window for Re-lodgement of Physical Share Transfer Requests

2 min read     Updated on 05 May 2026, 03:05 PM
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Nicco Uco Alliance Credit Limited has notified shareholders of a SEBI-mandated special window, operative from 5th February 2026 to 4th February 2027, for re-lodgement of transfer requests for physical shares sold or purchased before 1st April 2019. The notice was published on 05th May 2026 in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. Shares successfully transferred under this window will be mandatorily credited in dematerialised form and will be subject to a one-year lock-in period from the date of registration of transfer, during which they cannot be transferred, lien-marked, or pledged.

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Nicco Uco Alliance Credit Limited has published a regulatory notice informing all shareholders holding physical shares of the company about a special window introduced by the Securities and Exchange Board of India (SEBI) for re-lodgement of transfer requests. The notice, dated 05th May 2026, was published in the Kolkata editions of The Echo of India (English) and Aarthik Lipi (Bengali), in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEBI Special Window for Physical Share Transfers

Pursuant to SEBI Circular No. HO/3813/11/2026-MIRSD-POD/3750/2026 dated 30th January 2026, titled "Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities", SEBI has provided a one-year special window to facilitate re-lodgement of transfer requests for shares held in physical form. The key details of the special window are outlined below:

Parameter: Details
SEBI Circular Reference: HO/3813/11/2026-MIRSD-POD/3750/2026 dated 30th January 2026
Window Commencement Date: 5th February 2026
Window Expiry Date: 4th February 2027
Eligible Transactions: Physical shares sold/purchased before 1st April 2019, rejected or returned due to deficiencies
Post-Transfer Credit Mode: Mandatory Demat (dematerialised) form only
Lock-in Period: One year from the date of registration of transfer
Lock-in Restrictions: Securities shall not be transferred, lien-marked, or pledged during the lock-in period

Eligibility and Process for Shareholders

The special window is available for physical shares that were sold or purchased before 1st April 2019, but whose transfer requests were previously rejected or returned due to deficiencies in documentation, process, or any other reason. Eligible shareholders are required to re-lodge such transfer deeds after rectification, along with the necessary supporting documents, to the company within the stipulated time period.

Shareholders are advised to note the following key conditions:

  • Shares transferred under this special window will be mandatorily credited only in Demat form.
  • Transferred securities will be subject to a lock-in period of one year from the date of registration of transfer.
  • During the lock-in period, such securities shall not be transferred, lien-marked, or pledged.

Contact Details for Shareholder Assistance

Shareholders seeking further information, assistance, or clarification may contact the company at the following address:

Contact Parameter: Details
Company Name: Nicco Uco Alliance Credit Limited
Address: Nicco House, 2nd Floor, 2 Hare Street, Kolkata – 700 001
Email: mdnuacl@gmail.com / nufslcal@gmail.com
Mobile: 6291511853 / 9831257421
Phone: 033 4005 6499 / 033 4003 5159
Website: www.nuacl.com
CIN: L65910WB1984PLC037614

The notice has been filed with BSE Limited in accordance with Regulation 30, and the information will also be made available on the company's functional website as required under Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Sanjushree Paul, Company Secretary & Compliance Officer (Membership No. 79252), on behalf of Nicco Uco Alliance Credit Limited.

How many shareholders of Nicco Uco Alliance Credit Limited are estimated to hold unresolved physical share transfer requests eligible for this special window, and what is the total value of securities potentially affected?

Will SEBI consider extending the special window beyond February 2027 if shareholder uptake is lower than expected, and what criteria might trigger such an extension?

How might the mandatory one-year lock-in period impact the liquidity and market trading activity of Nicco Uco Alliance Credit Limited's shares once transferred to Demat form?

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NICCO UCO ALLIANCE CREDIT LIMITED Accepts Company Secretary's Resignation Due to Health Concerns

1 min read     Updated on 26 Mar 2026, 06:41 PM
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NICCO UCO ALLIANCE CREDIT LIMITED's Board accepted Company Secretary S. S. Majumdar's resignation on March 19, 2026, due to health concerns. The 91-year-old executive, who served since April 2014, cited recurring blackouts, head injuries, and a recent fractured collar bone as reasons for his departure. The company properly disclosed this Key Managerial Personnel change under SEBI regulations.

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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.

Parameter: Details
Resignation Date: March 11, 2026
Board Meeting Date: March 19, 2026
Relief Effective Date: March 19, 2026
Meeting Duration: 02:00 P.M. to 03:50 P.M.
Service Period: April 1, 2014 onwards

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.

How quickly will NICCO UCO ALLIANCE CREDIT LIMITED be able to find and appoint a qualified replacement for the Company Secretary role?

Could this sudden departure of a long-serving key executive impact the company's regulatory compliance or operational efficiency in the near term?

What interim arrangements has the company put in place to handle secretarial and compliance functions during the transition period?

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