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SecMark Consultancy Limited (SECMARK)

₹151.40 +0.13% last close, 16 Oct

📊 NSE: SECMARK 🏢 Computers - Software - Medium / Small 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, SecMark Consultancy's revenue was ₹10.3 Cr (+55.5% year on year, -27.7% on the previous quarter), and net profit ₹-0.2 Cr (a smaller loss than a year earlier); the operating margin was 9.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹10.3	+55.5%	-27.7%
Operating profit	₹1.0	from loss	-85.8%
Net profit	₹-0.2	loss narrowed	to loss
EPS (₹)	-0.18	loss narrowed	to loss
Operating margin	9.8%	—	—

Full quarterly financials → Results calendar →

SECMARK delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 56.88% of the SECMARK shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.59%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure.

56.88%Delivery, 16 Oct

67.59%Own 20-session average

0.8×Volume vs its average

₹151.40NSE close · +0.13%

Delivery in the last 5 sessions: 58.0% · 72.8% · 92.3% · 74.2% · 56.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

SecMark Holds 15th AGM: Approves Managerial Remuneration Up to ₹60 Lakhs for MD

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 07:34 PM

SecMark Consultancy Limited concluded its 15th Annual General Meeting on September 30, 2026, with 22 shareholders in attendance via video conference. Ordinary business included adopting standalone and consolidated financial statements for FY26 and the reappointment of retiring director Sagar Thanki. Special resolutions approved annual remuneration of up to ₹60,00,000 for Managing Director Ravi Vijay Ramaiya and up to ₹30,00,000 plus bonus for Executive Director Michael Nanson D'souza for two-year terms.

Meeting concluded on September 30, 2026, with 22 total members attending out of 1,564 equity shareholders.
Proposed remuneration of up to ₹60,00,000 per annum for MD Ravi Vijay Ramaiya from June 15, 2026, to June 14, 2028.
Proposed remuneration of up to ₹30,00,000 per annum plus up to ₹2,50,000 annual bonus for Executive Director Michael Nanson D'souza.
Auditor's Report and Secretarial Audit Report contained no qualifications, observations, or adverse remarks.

💡 Investors should watch for the official filing of the voting results and scrutinizer's report within two working days to confirm the formal passage of all resolutions.

SecMark Dispatches FY26 Annual Report Weblinks Ahead of 15th AGM on Sept 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 07:07 PM

SecMark Consultancy Limited has dispatched communication containing the weblink to the FY2025-2026 Annual Report and Notice of the 15th AGM to shareholders whose email IDs are not registered. The 15th AGM is scheduled to take place on Wednesday, September 30, 2026, at 02:30 p.m. IST via Video Conferencing / Other Audio Visual Means. This filing is purely compliance-related pursuant to Regulation 36(1)(b) of the SEBI LODR Regulations, 2015. Financially, the micro-cap software consultancy recorded FY26 net profit of ₹2.57 Cr on revenue of ₹37.54 Cr.

15th Annual General Meeting scheduled for September 30, 2026, at 02:30 p.m. IST via VC/OAVM
Letters dispatched with weblink to Annual Report for Financial Year 2025-2026
Compliance filing under Regulation 36(1)(b) of SEBI LODR Regulations, 2015
Communication sent specifically to shareholders lacking registered email addresses with RTA/Depositories

💡 Shareholders should note the AGM date of September 30, 2026, and access the annual report via the company website to review FY26 performance details and AGM resolutions.

SecMark Schedules 15th AGM for September 30, 2026; Proposes Executive Remuneration

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 06:57 PM

SecMark Consultancy Limited has issued the notice for its 15th Annual General Meeting scheduled for September 30, 2026, alongside its FY25-26 Annual Report. The agenda includes ordinary business such as the adoption of FY26 financial statements and director re-appointment. Key special business items propose approving managerial remuneration of up to Rs 60 lakh per annum for MD Ravi Vijay Ramaiya and up to Rs 30 lakh per annum (plus up to Rs 2.5 lakh bonus) for Executive Director Michael Nanson D’Souza for two-year terms. Notes to accounts also disclose an uncreated charge on a State Bank of India overdraft facility of Rs 1,285.48 lakh.

15th Annual General Meeting to be held on September 30, 2026, via Video Conferencing.
Proposed remuneration of up to Rs 60,00,000 per annum for Managing Director Ravi Vijay Ramaiya (June 15, 2026 to June 14, 2028).
Proposed remuneration of up to Rs 30,00,000 per annum plus up to Rs 2,50,000 bonus for Executive Director Michael Nanson D’Souza (August 19, 2026 to August 18, 2028).
Company disclosed an uncreated charge beyond the statutory period for a State Bank of India overdraft borrowing of Rs 1,285.48 lakh due to pending digitally signed documents.

💡 Track shareholder voting outcomes post-AGM on September 30, 2026, particularly on the executive remuneration proposals and resolution of the uncreated charge on the SBI credit facility.

SecMark incorporates WOS for Account Aggregator business with ₹1 lakh initial capital

🔵 WATCH ⭐ 6/10

EXPANSION 📅 12 Aug 2026, 09:16 PM

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).

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

💡 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%

🟢 POSITIVE ⭐ 9/10

M&A 📅 12 Aug 2026, 08:34 PM

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%.

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.

💡 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

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 08:20 PM

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.

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.

💡 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 Reports 100% Demat Holding for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 04:10 PM

SecMark Consultancy Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that the regulation is currently not applicable as the entire shareholding is already in dematerialized form. No requests for rematerialization were received during the quarter ended June 30, 2026. This is a standard procedural filing required for all listed companies in India.

100% of the company's shares are currently held in dematerialized form as of June 30, 2026
Zero requests for rematerialization were received during the April-June 2026 quarter
Compliance certificate issued by Bigshare Services Private Limited on July 6, 2026
The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018

💡 No action is required from investors as this is a routine administrative filing confirming the status of shareholding formats.

SecMark to incorporate NBFC Account Aggregator subsidiary with ₹1 Lakh initial capital

🔵 WATCH ⭐ 6/10

EXPANSION 📅 03 Jul 2026, 07:41 PM

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).

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

💡 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.

75.0% Promoter Stake: SecMark Reports Nil Encumbrance for FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jun 2026, 07:06 PM

SecMark Consultancy has filed its annual disclosure under SEBI (SAST) Regulation 31(4) for the period ending March 31, 2026. The filing confirms that the promoters, who hold a 75.0% stake in the company, have not created any encumbrance on their shares during the financial year. This routine administrative filing provides transparency regarding the status of promoter-held equity. With a TTM revenue of Rs 38 Cr and a debt-to-equity ratio of 0.55, the lack of share pledges is a standard positive indicator of financial health.

Annual compliance filing for the year ended March 31, 2026
Promoter holding maintained at 75.0% as of the latest reporting period
Zero encumbrances or pledges reported by the promoter group for FY26

💡 This is a routine disclosure; investors should continue to monitor quarterly earnings to see if the company can improve its net profit margin, which was 11.8% in FY25.

SecMark Consultancy to Close Trading Window from July 1, 2026, for Q1 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 07:01 PM

SecMark Consultancy Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is in compliance with SEBI Prohibition of Insider Trading Regulations for the upcoming Q1 FY2026-27 financial results. The window will remain closed until 48 hours after the standalone and consolidated unaudited financial results for the quarter ending June 30, 2026, are declared. The specific date for the board meeting to approve these results will be notified separately.

Trading window closure begins on Wednesday, July 1, 2026.
Closure is mandatory for the declaration of Unaudited Financial Results for the quarter ending June 30, 2026.
The window will reopen 48 hours after the results are disseminated to BSE and NSE.
The board meeting date for considering the results is yet to be announced.

💡 This is a routine regulatory announcement with no impact on company fundamentals. Investors should look forward to the upcoming earnings release to evaluate the company's quarterly performance.

SecMark Board Approves Rs 15 Cr Investment to Enter NBFC-Account Aggregator Business

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 13 May 2026, 08:23 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 13 May 2026, 08:20 PM

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.

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

💡 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 Appoints M/s. Tripathi & Associates as Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 May 2026, 08:11 PM

SecMark Consultancy Limited has announced the appointment of M/s. Tripathi & Associates, Chartered Accountants, as the company's Internal Auditor for the financial year 2026-2027. The decision was approved during the Board Meeting held on May 13, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements. This is a standard corporate governance procedure to ensure internal controls and financial oversight for the upcoming fiscal year. The firm is noted for its expertise in assurance and advisory services.

Appointment of M/s. Tripathi & Associates as Internal Auditor for FY 2026-2027.
Board approval granted during the meeting held on May 13, 2026.
Compliance with SEBI (LODR) Regulations and Master Circular dated January 30, 2026.

💡 This is a routine administrative update and requires no immediate action from investors. It reflects the company's adherence to standard corporate governance practices.

SecMark Consultancy Q4 Net Profit Up 24.6% YoY to ₹4.91 Cr; FY26 Annual Profit Drops 39.6%

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 May 2026, 07:40 PM

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.

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.

💡 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 100% Demat Holding for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Apr 2026, 06:45 PM

SecMark Consultancy Limited has filed its quarterly compliance report under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar, Bigshare Services, confirmed that the regulation is non-applicable as the entire shareholding is already in dematerialized form. No requests for rematerialization were received during the quarter ending March 31, 2026. This filing confirms the company's adherence to standard administrative and regulatory protocols.

Compliance certificate issued for the quarter ended March 31, 2026
100% of the company's shares are currently held in dematerialized form
Zero requests for rematerialization were received during the reporting period
Bigshare Services Private Limited acted as the Registrar and Share Transfer Agent

💡 This is a routine regulatory filing with no impact on business fundamentals. No specific action is required from investors.

View All SECMARK Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Software Consultancy and Technology Services, which generated INR 36.01 Cr in FY25, representing a growth of 42.38% compared to INR 25.28 Cr in FY24.

Profitability Margins

The company achieved a Net Profit Margin of 11.8% in FY25 (INR 4.25 Cr profit) compared to a net loss in FY24. However, H1 FY26 showed a net loss of INR 0.04 Cr, indicating a recent decline in profitability.

EBITDA Margin

EBITDA margin significantly improved to 28.9% in FY25 (INR 10.16 Cr) from 7.8% in FY24 (INR 1.93 Cr), driven by a 42% increase in topline revenue while controlling other expenses.

Capital Expenditure

Historical investment is reflected in depreciation on software applications, which amounted to INR 3.90 Cr in FY25 and INR 1.96 Cr in H1 FY26.

Credit Rating & Borrowing

The company repaid INR 6.56 Cr of borrowings in H1 FY26. Interest expenses for H1 FY26 were INR 0.07 Cr, down from INR 0.26 Cr in H1 FY25, reflecting reduced borrowing costs.

⚙️ Operational Drivers

Raw Materials

As a service-based consultancy, the primary 'raw material' is human capital. Employee costs represented 21.9% of total revenue in FY25, amounting to INR 7.88 Cr.

Capacity Expansion

Current capacity is defined by its workforce of 78 employees as of March 31, 2025. Specific physical capacity expansion is not applicable.

Raw Material Costs

Employee costs increased by 18.5% YoY to INR 7.88 Cr in FY25, up from INR 6.65 Cr in FY24, to support a 42% growth in revenue.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by adding new clients, increasing revenue from existing clients, and introducing more products at opportune times within the financial market services space.

Products & Services

Software consultancy and technology services provided to stock exchanges, brokers, depository participants, portfolio managers, AIFs, investment advisors, and research analysts.

Brand Portfolio

SecMark.

New Products/Services

The company intends to add more products to its portfolio, though specific revenue contributions are not yet disclosed.

Market Share & Ranking

The company identifies as one of the leaders in offering services to financial market participants.

🌍 External Factors

Industry Trends

The industry is seeing a positive trend with an increasing number of financial market participants in India, driven by strong economic performance and a 7% GDP growth rate.

Competitive Moat

The company's moat is built on its specialized leadership and expertise in the highly regulated financial market services niche, which creates high switching costs for clients.

Macro Economic Sensitivity

Highly sensitive to India's GDP growth (currently ~7%) and financial market performance, as these drive the addition of new market participants and business growth for existing clients.

Geopolitical Risks

Global turbulence is cited as a factor that can percolate into the performance of local financial markets, affecting the company's service demand.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by data security and privacy standards, as the company processes sensitive financial and personal information for its clients.

Taxation Policy Impact

The company provided INR 1.38 Cr for deferred tax in FY25. Current tax was nil in FY25, likely due to the utilization of previous years' losses.

⚠️ Risk Analysis

Key Uncertainties

Data security breaches represent a key risk, with potential impacts including legal penalties and loss of intellectual property.

Technology Obsolescence Risk

The company faces risks related to unauthorized access or security compromises of its technology systems, which are critical for processing client data.