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Latest filing: 2026-08-12 21:16
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10 announcements match the current filters (relevance ≥ 5).
SecMark incorporates WOS for Account Aggregator business with ₹1 lakh initial capital
SecMark Consultancy has incorporated a wholly owned subsidiary (WOS), SecMark Financial Aggregation Private Limited, to enter the Account Aggregator (AA) business. The subsidiary will operate as an NBFC-AA, focusing on retrieving and consolidating financial information for users based on customer consent. The initial investment is a nominal ₹1,00,000 for 100% equity. Commencement of operations is strictly contingent upon obtaining a Certificate of Registration from the Reserve Bank of India (RBI).
Confidence: HIGH
What changedSecMark has moved from board approval to the formal incorporation of a new legal entity dedicated to the Account Aggregator business.
Why it mattersThis marks a strategic entry into the fintech data-sharing ecosystem, potentially diversifying revenue beyond traditional software consultancy for financial intermediaries.
Initial Investment: ₹1,00,000Shareholding: 100%Investment vs Net Worth: ~0.004%Parent TTM Revenue: ₹38 Cr
📅 Short termThe impact is likely neutral in the short term as the investment is small and the business cannot start without RBI licensing.
📈 Long termIf successful in obtaining the RBI license and scaling, this could provide a high-margin recurring revenue stream within the regulated financial data ecosystem.
⚠ Risk flags
- Regulatory risk (RBI approval is not guaranteed)
- Execution risk in a competitive fintech niche
- Potential for future capital requirements
Key Highlights
Incorporated 100% subsidiary SecMark Financial Aggregation Private Limited on July 13, 2026
Initial subscription of 10,000 equity shares at ₹10 each, totaling ₹1,00,000
Business model follows RBI (Non-Banking Financial Companies – Account Aggregator) Directions, 2025
Company must obtain and maintain a Certificate of Registration from the RBI to operate
Initial investment represents less than 0.01% of the parent company's ₹134 Cr market cap
👀 What to Watch
Investors should track the timeline for RBI's approval of the Certificate of Registration and any subsequent announcements regarding capital infusion or technology partnerships for this new vertical.
SecMark to Merge with Codifi Finserv and Holding Co; Revenue to Increase by ~41%
SecMark Consultancy has approved a Scheme of Amalgamation to merge Codifi Finserv Private Limited and SecMark Holdings Private Limited into itself. Codifi Finserv is a significant addition, reporting FY26 revenue of ₹15.32 cr, which is approximately 40.8% of SecMark's standalone FY26 revenue. The merger will consolidate fintech products like the Snap Alpha trading platform and e-KYC solutions under the listed entity. While the total share capital will increase to 1.13 cr shares, promoter holding will decrease from 75% to 69.33%.
Confidence: HIGH
What changedSecMark is moving from a standalone consultancy model to a consolidated group structure by absorbing its holding company and a high-growth fintech subsidiary.
Why it mattersThe merger adds substantial revenue (over 40% of current levels) and proprietary technology assets, which could lead to a re-rating if the integration achieves the stated operational efficiencies and cost reductions.
Codifi Revenue vs SecMark FY26 Revenue: ~40.8%Codifi Finserv FY26 Revenue: ₹15.32 crPost-merger Promoter Holding: 69.33%New Shares to be Issued: 8,81,547Codifi Net Worth: ₹6.49 cr
📅 Short termThe market is likely to react positively to the significant revenue inorganic growth and the simplification of the holding structure.
📈 Long termThe integration of technology platforms like Snap Alpha and e-KYC solutions provides a structural growth lever in the regulated financial services software niche.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory and NCLT approval risks
- Integration of technology platforms and workforce
- Dilution of promoter equity
Key Highlights
Codifi Finserv reported FY26 revenue of ₹15.32 cr and a net worth of ₹6.49 cr.
SecMark Holdings (the holding company) to be merged, simplifying the corporate structure.
Swap ratio for Codifi Finserv set at 2,000 SecMark shares for every 100 Codifi shares held.
Total equity shares of SecMark to increase from 1,04,47,000 to 1,13,28,547 post-merger.
Promoter shareholding to dilute from 75% to 69.33% following the allotment of new shares.
👀 What to Watch
Investors should monitor the timeline for NCLT and regulatory approvals and track the combined entity's operating margins, as Codifi adds significant scale to the existing business.
SecMark Reports Q1 Net Loss of ₹0.19 Cr; Board Approves Amalgamation of Two Entities
SecMark Consultancy reported a consolidated net loss of ₹0.19 cr for Q1 FY27, a sharp reversal from the ₹4.49 cr profit recorded in the preceding March 2026 quarter. While revenue grew 55.5% YoY to ₹10.35 cr, it declined 27.6% sequentially from ₹14.30 cr. The Board also approved a Scheme of Amalgamation to merge Codifi Finserv Private Limited and SecMark Holding Private Limited into the company, subject to NCLT and regulatory approvals. Profitability was pressured by a significant rise in software support service expenses, which reached ₹3.50 cr in the quarter.
Confidence: HIGH
What changedThe company has moved from a highly profitable Q4 FY26 to a loss-making Q1 FY27 and has initiated a corporate restructuring through the amalgamation of two private entities.
Why it mattersThe sequential swing in profitability highlights the volatile nature of the company's earnings. The merger indicates a consolidation of promoter-held or related entities, which could impact the capital structure and future operational scale.
Q1 Revenue from Operations: ₹10.35 crQ1 Net Loss: ₹0.19 crSoftware Support Services Expense: ₹3.50 crYoY Revenue Growth: 55.5%QoQ Revenue Growth: -27.6%
📅 Short termThe stock may face pressure due to the sequential decline in revenue and the shift from profit to loss, despite the YoY growth.
📈 Long termThe long-term outlook depends on the successful integration of the merged entities and the company's ability to stabilize margins in its software consultancy niche.
⚠ Risk flags
- High sequential earnings volatility
- Significant increase in software support costs
- Regulatory risks associated with NCLT merger approval
Key Highlights
Revenue from operations increased 55.5% YoY to ₹10.35 cr from ₹6.65 cr in Jun-25.
Reported a net loss of ₹0.19 cr for Q1 FY27, compared to a profit of ₹4.49 cr in Q4 FY26.
Software support service expenses surged to ₹3.50 cr, accounting for 33.8% of quarterly revenue.
Board approved the merger of Codifi Finserv and SecMark Holding into the listed entity.
Employee benefit expenses rose to ₹3.28 cr from ₹2.38 cr in the year-ago period.
👀 What to Watch
Investors should monitor the NCLT approval timeline for the proposed merger and track whether the high software support costs (₹3.50 cr) are a recurring structural expense or a one-off integration cost.
SecMark to incorporate NBFC Account Aggregator subsidiary with ₹1 Lakh initial capital
SecMark Consultancy Limited has approved the incorporation of a wholly-owned subsidiary, SecMark Financial Aggregation Private Limited, to enter the Account Aggregator (NBFC) space. The initial investment is nominal at ₹1,00,000 for 10,000 equity shares, which is negligible compared to the company's ₹23 Cr net worth. This move aligns with the company's strategy to expand its product portfolio within the financial services niche. However, the commencement of operations is strictly contingent upon obtaining a Certificate of Registration from the Reserve Bank of India (RBI).
Confidence: HIGH
What changedSecMark is expanding from software consultancy and technology services into the regulated fintech space by forming a dedicated Account Aggregator subsidiary.
Why it mattersThis represents a strategic move to capture value in the growing Indian fintech ecosystem by acting as a regulated data intermediary, potentially diversifying revenue beyond its current ₹38 Cr TTM base.
Initial Investment: ₹1,00,000Ownership Stake: 100%Investment vs Net Worth: ~0.004%TTM Revenue: ₹38 Cr
📅 Short termNeutral. The initial investment is very small and the incorporation is a procedural first step that will not impact financials in the immediate weeks.
📈 Long termThe move is structurally positive as it leverages SecMark's existing expertise in financial markets, but its success depends on scaling the platform and navigating RBI regulations over the next 1-2 years.
⚠ Risk flags
- Regulatory risk (RBI approval required)
- Execution risk in a new business vertical
- High competition in the fintech/account aggregator space
Key Highlights
Approved incorporation of 100% subsidiary: SecMark Financial Aggregation Private Limited
Initial cash subscription of ₹1,00,000 for 10,000 equity shares at ₹10 each
Business model focused on retrieving and consolidating financial information under RBI Account Aggregator Directions, 2025
Company TTM revenue stands at ₹38 Cr with a net worth of ₹23 Cr as per latest context
Regulatory approval from RBI is mandatory before the subsidiary can begin operations
👀 What to Watch
Investors should monitor the timeline for the subsidiary's incorporation and, more importantly, the receipt of the RBI Certificate of Registration, which is the primary hurdle for this new business line.
SecMark Board Approves Rs 15 Cr Investment to Enter NBFC-Account Aggregator Business
SecMark Consultancy Limited has announced a strategic move to enter the digital financial services ecosystem by approving an investment of up to Rs 15 crore. The investment will be directed towards a subsidiary or joint venture to undertake the business of an Account Aggregator (NBFC-AA). This expansion is subject to obtaining necessary licenses and registrations from the Reserve Bank of India (RBI). The move represents a significant diversification for the consultancy firm into the fintech infrastructure space.
Key Highlights
Board approved a proposal to invest up to Rs 15,00,00,000 (Rs 15 Crores) in a subsidiary or JV.
The investment is intended for starting an Account Aggregator (NBFC-AA) business.
Entry into the new business segment is contingent upon regulatory approval from the Reserve Bank of India (RBI).
The initiative aims to expand the company's footprint within the digital financial services ecosystem.
👀 What to Watch
Investors should track the progress of the RBI license application as it is the primary hurdle for this expansion. This diversification could lead to higher-margin revenue streams compared to traditional consultancy services.
SecMark to Invest ₹15 Crore to Enter NBFC-Account Aggregator Business
SecMark Consultancy Limited's board has approved a proposal to invest up to ₹15 crore in a subsidiary or joint venture to enter the Account Aggregator (NBFC-AA) business. This strategic move aims to expand the company's presence in India's digital financial services ecosystem. The commencement of operations is contingent upon obtaining necessary approvals and registration from the Reserve Bank of India (RBI). This diversification marks a significant step for the company into a regulated fintech infrastructure role.
Key Highlights
Board approved a capital investment of up to ₹15,00,00,000 (₹15 Crores)
Proposed entry into the Account Aggregator (NBFC-AA) business segment
Investment to be channeled through a subsidiary, joint venture, or promoted entity
Operational rollout is subject to mandatory registration and licensing from the RBI
👀 What to Watch
Investors should track the timeline for RBI license approval as it is the primary catalyst for this new business vertical. The ₹15 crore investment suggests a significant commitment to diversifying revenue streams into the high-growth fintech infrastructure space.
SecMark Consultancy Q4 Net Profit Up 24.6% YoY to ₹4.91 Cr; FY26 Annual Profit Drops 39.6%
SecMark Consultancy reported a strong Q4 FY26 performance with a net profit of ₹4.91 crore, a 24.6% increase from ₹3.93 crore in Q4 FY25. This marks a significant recovery from the loss reported in Q3 FY26. However, full-year FY26 net profit fell to ₹2.57 crore from ₹4.25 crore in FY25, despite a 7.9% growth in total income to ₹38.82 crore. The balance sheet shows a sharp rise in current borrowings to ₹12.85 crore, while operating cash flows remained robust at ₹11.96 crore.
Key Highlights
Q4 FY26 Net Profit rose to ₹490.51 Lakhs vs ₹393.46 Lakhs YoY.
Full-year FY26 Net Profit declined to ₹256.72 Lakhs from ₹425.07 Lakhs in FY25.
Total Income for FY26 stood at ₹3,882.34 Lakhs, up from ₹3,596.12 Lakhs YoY.
Current borrowings nearly doubled to ₹1,285.48 Lakhs as of March 31, 2026.
Basic EPS for FY26 decreased to ₹2.46 from ₹4.09 in the previous year.
👀 What to Watch
While the Q4 recovery is encouraging, the decline in annual profitability and rising debt levels suggest a need for a cautious approach. Monitor the company's margin expansion and debt repayment capacity in upcoming quarters.
SecMark Consultancy Reports Q3 FY26 Net Loss of ₹1.88 Cr as Revenue Declines 22% QoQ
SecMark Consultancy Limited reported a consolidated net loss of ₹1.88 crore for the quarter ended December 31, 2025, a sharp decline from a profit of ₹0.86 crore in the preceding quarter. Revenue from operations dropped to ₹7.25 crore, down from ₹9.33 crore in Q2 FY26. The loss was primarily driven by a 19% increase in total expenses, which reached ₹10.06 crore, despite the revenue contraction. For the nine months ended December 2025, the company recorded a consolidated loss of ₹1.92 crore compared to a profit of ₹31.92 lakhs in the prior year period.
Key Highlights
Revenue from operations decreased by 22.3% QoQ to ₹7.25 crore from ₹9.33 crore.
The company swung to a net loss of ₹1.88 crore in Q3 FY26 from a profit of ₹0.86 crore in Q2 FY26.
Total expenses rose to ₹10.06 crore, driven by higher employee benefits and software support costs of ₹2.37 crore.
Consolidated 9M FY26 performance shows a loss of ₹1.92 crore versus a profit of ₹31.92 lakhs in 9M FY25.
Earnings Per Share (EPS) turned negative at ₹(1.81) for the quarter.
👀 What to Watch
Investors should be concerned about the simultaneous decline in revenue and surge in operating expenses. It is advisable to monitor the company's ability to stabilize its margins and justify the high spending on software support services before making new commitments.
SecMark Q3 FY26 Results: Revenue Declines to ₹7.25 Cr, Swings to Net Loss of ₹1.88 Cr
SecMark Consultancy Limited reported a weak performance for Q3 FY26, with revenue from operations falling to ₹7.25 crore from ₹9.33 crore in the previous quarter. The company swung to a consolidated net loss of ₹1.88 crore, a sharp reversal from the ₹0.86 crore profit recorded in Q2 FY26. Total expenses rose significantly to ₹10.06 crore, primarily driven by increased employee benefits and software support service costs. For the nine-month period ended December 2025, the company has accumulated a net loss of ₹1.92 crore compared to a profit of ₹0.32 crore in the same period last year.
Key Highlights
Revenue from operations decreased 22.3% QoQ to ₹724.88 Lakhs from ₹933.31 Lakhs.
Reported a net loss of ₹188.31 Lakhs for the quarter vs a profit of ₹85.91 Lakhs in the preceding quarter.
Total expenses surged to ₹1006.36 Lakhs, representing a 19.3% increase QoQ despite lower revenues.
Software support services and depreciation on software applications accounted for approximately ₹336.69 Lakhs in costs this quarter.
Nine-month consolidated performance shows a swing from a profit of ₹31.62 Lakhs in FY25 to a loss of ₹192.33 Lakhs in FY26.
👀 What to Watch
Investors should exercise caution as the company has entered a loss-making phase due to declining revenues and rising operational overheads. It is critical to monitor if the investments in software applications lead to future revenue growth to offset current high depreciation and support costs.
SecMark to Acquire Trading Platform and Services for ₹28.01 Crores
SecMark Consultancy has entered into a definitive agreement to purchase a trading web and mobile platform, including middleware, from Codifi entities for ₹8 Crores. To ensure the development and maintenance of this software, the company has also signed a three-year consultancy agreement worth ₹20 Crores with technical experts. The deal includes a 50% assignment of the trademark and a 5-year non-compete clause for the sellers and consultants. This strategic move allows SecMark to own proprietary trading technology and expand its service offerings.
Key Highlights
Acquisition of trading web and mobile platforms and middleware for ₹8 Crores
Commitment of ₹20 Crores for a 3-year consultancy agreement for software enhancement and support
Assignment of 50% trademark rights and goodwill for a consideration of ₹1 Lakh
Strict 5-year non-compete clause applicable to both software transferors and consultants
Total strategic investment outlay of approximately ₹28.01 Crores plus taxes
👀 What to Watch
Investors should view this as a significant move into the fintech infrastructure space; however, the high consultancy cost relative to the software purchase price warrants monitoring of execution and integration risks.
