SecMark Consultancy Approves Amalgamation Scheme of Two Entities into Consolidated Group Structure

SecMark Consultancy Approves Amalgamation Scheme of Two Entities into Consolidated Group Structure​

SecMark Consultancy Limited has announced the approval of a scheme of amalgamation involving two related entities, Codifi Finserv Private Limited and SecMark Holdings Private Limited. The move is intended to consolidate business operations, enhance technological offerings, and achieve greater operational efficiency within the combined group structure.

The Board of Directors of SecMark Consultancy Limited approved the Scheme, which involves amalgamating both Codifi Finserv Private Limited (Transferor Company 1) and SecMark Holdings Private Limited (Transferor Company 2) into SecMark Consultancy Limited (Transferee Company). This transaction is subject to necessary statutory and regulatory approvals.

The three entities involved in the amalgamation—Codifi Finserv Private Limited, SecMark Holdings Private Limited, and SecMark Consultancy Limited—all operate within related fields of financial technology services. Codifi Finserv focuses on information technology services such as development and licensing of client and partner portals, Snap Alpha option trading platform, e-KYC solutions, and allied products for financial market participants. SecMark Holdings operates as a holding company providing consulting services, technology, and outsourcing services in areas like compliance, operation, software development, and risk management.

The rationale behind the amalgamation includes streamlining the corporate and shareholding structure by eliminating multiple layers within the group. By integrating their complementary businesses and technological capabilities, the companies aim to provide an integrated suite of solutions, improving competitiveness and achieving economies of scale for financial market participants. The scheme is expected to lead to cost reduction and enhanced operational efficiency.

Financial Profile of Entities Involved in Amalgamation​

As recorded on March 31, 2026, the net worth and revenue from operations for all three companies are as follows:


The transaction has been determined to be on an arm's length basis, finalized based on a Valuation Report of a Registered Valuer and applicable pricing guidelines. While Codifi Finserv Private Limited is a private entity, the transaction involving SecMark Holdings Private Limited—a holding company of the Transferee Company—falls within the ambit of related party requirements.

Share Exchange Ratio Details​

Upon the Scheme becoming effective, the shareholding of Transferor Companies 1 and 2 will be converted into shares of the Transferee Company as per the following ratios:

• For Codifi Finserv Private Limited (Transferor Company 1): 2,000 fully paid up equity shares of face value of Rs.10/- each of SecMark Consultancy Company for every 100 equity shares of face value of Rs.10/- each held in the Transferor Company 1.
• For SecMark Holdings Private Limited (Transferor Company 2): 75,435 fully paid up equity shares of face value of Rs.10/- each of SecMark Consultancy Company for every 100 equity shares of face value of Rs.10/- each held in the Transferor Company 2.

Change in Shareholding Pattern of SecMark Consultancy Limited​

The following table details the brief change in shareholding pattern of SecMark Consultancy Limited prior and subsequent to the amalgamation:

SECMARK Stock Price Movement​

SecMark Consultancy Limited shares slipped by 0.38% on Wednesday, settling at ₹124.60 after shedding ₹0.47 during the trading session. The stock saw a total traded volume of 2,691 shares.