Nature of the Disclosure

This is a mandatory regulatory filing submitted to both BSE Limited and the National Stock Exchange of India Limited. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references the updated SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Event: Board Approval for Subsidiary Incorporation

The Board of Directors of SecMark Consultancy Limited, in its meeting held on July 03, 2026, approved the incorporation of a proposed Wholly Owned Subsidiary (WOS) of the Company.

Details of the Proposed Wholly Owned Subsidiary

a) & b) Entity and Corporate Structure:

  • Name of Entity: FINANCIAL AGGREGATION PRIVATE LIMITED (Under incorporation)
  • Date of Incorporation: Not Applicable (to be incorporated)
  • Country of Incorporation: India
  • Holding Company: SecMark Consultancy Limited
  • Relation with Listed Entity: Holding and Subsidiary (100%)

c) & d) Business and Operations:

  • Industry: The entity will operate as a Non-Banking Financial Company (NBFC) in the business of an Account Aggregator.
  • Line of Business: To carry on business as an Account Aggregator in accordance with the Reserve Bank of India (Non-Banking Financial Companies – Account Aggregator) Directions, 2025, as amended. Its purpose is:
  • To retrieve or collect financial information of accountholders from Financial Information Providers, based on explicit consent.
  • To consolidate, organise, and present such financial information to any Financial Information User, as specified by RBI, based on consent.
  • Prerequisite: All business activities are contingent upon obtaining and maintaining a Certificate of Registration from the Reserve Bank of India (RBI).

e) Regulatory Approvals:

The incorporation and operation require approvals from the Reserve Bank of India (RBI).

Financial and Ownership Details

f) Nature of Consideration:

The listed entity will subscribe to 100% of the initial paid-up share capital for a cash consideration.

g) Cost of Subscription:

  • Number of Shares: 10,000 equity shares
  • Face Value: ₹10 per share
  • Total Subscription Amount: ₹1,00,000 (Rupees One Lakh Only)

h) Shareholding / Control:

Post-subscription, SecMark Consultancy Limited will hold a 100% shareholding in the subsidiary.

Signatory and Enclosure

The letter was signed by Sunil Kumar Bang, Company Secretary & Compliance Officer, on behalf of SecMark Consultancy Limited. An annexure (Annexure-A) was enclosed with the submission.