SecMark Consultancy Limited has filed a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This filing serves as a follow-up to the company's earlier intimation dated July 03, 2026 regarding the Board's decision to incorporate a wholly owned subsidiary.
The company has incorporated a wholly owned subsidiary named "SecMark Financial Aggregation Private Limited" on July 13, 2026 in India. The subsidiary is 100% owned by SecMark Consultancy Limited, establishing a holding-subsidiary relationship.
The subsidiary is established to carry on the business of an Account Aggregator as a Non-Banking Financial Company in accordance with the Reserve Bank of India (Non-Banking Financial Companies – Account Aggregator) Directions, 2025. The business activities include:
- Retrieving or collecting financial information of accountholders from Financial Information Providers based on explicit consent
- Consolidating, organizing and presenting such financial information to any Financial Information User as specified by RBI
- Conducting all incidental acts necessary for carrying on the Account Aggregation business
The subsidiary requires a Certificate of Registration from the Reserve Bank of India to commence operations.
The investment details are as follows:
- Nature of consideration: 100% cash subscription to initial paid-up share capital
- Share structure: 10,000 equity shares of ₹10 each
- Total investment amount: ₹1,00,000 (Rupees One lakh only)
- Ownership: 100% wholly owned subsidiary
This disclosure is made in compliance with SEBI Listing Regulations and the referenced master circular.