SecMark Consultancy Limited incorporates Wholly Owned Subsidiary for Financial Aggregation Business
SecMark Consultancy Limited has completed the incorporation of a new subsidiary company named SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED. The move establishes the company's presence in the financial aggregation space through this specialized entity, which operates as an Account Aggregator and a Non-Banking Financial Company (NBFC).The subsidiary was incorporated on July 13, 2026, in India. SecMark Consultancy Limited serves as the holding company, maintaining full ownership of the newly formed entity.
SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED is established to conduct business related to account aggregation and financial information management. As an NBFC, the firm is tasked with retrieving or collecting financial data from accountholders and Financial Information Providers upon their explicit consent. The subsidiary will also consolidate and present this aggregated financial information to any designated Financial Information User, in compliance with Reserve Bank of India (RBI) Directions concerning Non-Banking Financial Companies - Account Aggregator.
The incorporation of the entity involved a 100% subscription to the initial paid up share capital, funded through cash consideration. Details regarding the shareholding and capitalization are as follows:
| Detail | Information |
|---|---|
| Subsidiary Name | SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED |
| Date of Incorporation | July 13, 2026 |
| Holding Company | SecMark Consultancy Limited |
| Industry/Business | Account Aggregator / Non-Banking Financial Company (NBFC) |
| Capital Structure | 100% subscription in cash |
| Share Capital Details | 10,000 equity shares of Rs. 10/- each amounting to Rs. 1,00,000/- |
The subsidiary’s operations are subject to the requisite approvals from the Reserve Bank of India (RBI).
SECMARK Stock Price Movement
Shares of SecMark Consultancy Limited slipped by 0.38% on Wednesday, settling at ₹124.60 as traders finalized their positions for the day. The stock traded a total of 2,691 shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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