{"url":"https://newsforagent.com/news/2026-11-02/nicco-uco-board-tapan-datta-appointment","markdown_url":"https://newsforagent.com/news/2026-11-02/nicco-uco-board-tapan-datta-appointment.md","title":"Nicco Uco Board to Weigh Tapan Datta Director Role","headline":"Nicco Uco Alliance Credit Board to Meet November 12 on Tapan Datta Appointment and Q2FY27 Results","description":"Nicco Uco Alliance Credit's board meets November 12, 2026, to consider Tapan Datta as Additional Director and approve Q2FY27 results alongside UCO Bank case updates.","section":"Leadership","published_at":"2026-11-02T13:14:31+00:00","modified_at":"2026-11-02T13:14:31+00:00","author":"News Desk","key_takeaways":["Nicco Uco Alliance Credit's board meets on November 12, 2026, at its Kolkata registered office to approve Q2FY27 results.","Tapan Datta (DIN: 12002839) is proposed as Additional Director, subject to Nomination and Remuneration Committee recommendation.","Abhijit Banerjee (DIN: 11398136) is proposed as a member of the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees.","The board will note UCO Bank's proceedings before the DRT and appeals before the NCLAT."],"companies":[{"name":"UCO Bank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0005prf/uco-bank","website":"https://www.ucobank.com"}],"source":{"publisher":"ScanX","title":"Nicco Uco Alliance Credit board to meet Nov 12 for Q2FY27 results","url":"https://scanx.trade/stock-market-news/companies/nicco-uco-alliance-credit-board-meet-nov-12-q2fy27-results/55168701"},"other_sources":[],"tags":["Leadership","UCO Bank"],"body_markdown":"Nicco Uco Alliance Credit Ltd will hold a board meeting on November 12, 2026, at 2:00 pm at its Kolkata registered office to consider appointing Tapan Datta as an Additional Director and to approve its Q2FY27 financial results, [ScanX](https://scanx.trade/stock-market-news/companies/nicco-uco-alliance-credit-board-meet-nov-12-q2fy27-results/55168701) reported. The agenda also covers committee reconstitution and the status of UCO Bank litigation.\n\n## Tapan Datta's Additional Director Proposal\n\nThe board will consider Tapan Datta (DIN: 12002839) as an Additional Director, subject to a recommendation from the Nomination and Remuneration Committee. The meeting will also take up appointing Abhijit Banerjee (DIN: 11398136) as a member of the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. The board will approve unaudited standalone and consolidated results for the quarter ended September 30, 2026, under SEBI (LODR) Regulations, 2015. It will also ratify loans or advances to Sanjushree Paul, Company Secretary and Compliance Officer, under Section 177(4) of the Companies Act, 2013, and Regulation 23(2)(f) of SEBI (LODR). The agenda includes noting the status of Misc. Case No. 215 of 2025 and Title Suit No. 2565 of 2025, along with matters before the Bankshall Court and City Civil Court in Kolkata.\n\n## UCO Bank Disputes Before DRT and NCLAT\n\nThe board will note the status of proceedings initiated by UCO Bank before the Debt Recovery Tribunal and appeals filed before the National Company Law Appellate Tribunal. The agenda lists Original Application No. 118 of 2005 before the DRT and the subsequent NCLAT appeals. [UCO Bank](https://akta.pro/company-profiles/0005prf/uco-bank) is a Kolkata-headquartered public sector bank, according to akta.pro [company records](https://akta.pro/company-data), with total business of Rs 5.89 lakh crore as of March 2026, up 15% from Rs 5.14 lakh crore in March 2025. Its total advances stood at Rs 2.62 lakh crore as of Q4 FY26, and total deposits at Rs 3.27 lakh crore.\n\n## Earlier Board Changes at Nicco Uco\n\nAt the 42nd Annual General Meeting on September 9, 2026, shareholders approved all six resolutions, ScanX reported. Kaustubha Basu was reappointed Managing Director and Chief Executive Officer for a further three-year term effective June 29, 2026, and Abhijit Banerjee was appointed an Independent Director for a five-year term from the conclusion of the AGM. Shareholders also approved a loan or financial assistance of up to ₹12,00,000 from subsidiary Nicco Insurance Agents and Consultants Limited. Anita Lahiri, who retired by rotation, was reappointed as a director.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}