SecMark Consultancy Limited: Board Approves Scheme of Amalgamation with Codifi Finserv and SecMark Holding

M&A / JV 12 Aug 2026 · Announced· ✓ Verified

The board of SecMark Consultancy Limited, a listed company, approved the scheme of amalgamation on 12 August 2026 whereby two unlisted private companies (Codifi Finserv and SecMark Holding) will be transferred and merged into SecMark Consultancy as the surviving entity. The transaction is subject to multi-stakeholder approval: NCLT Mumbai Bench sanction, SEBI and stock exchange no-objection, ROC confirmation, company members' vote, and any other regulatory body clearance. No consideration amount or exchange ratio was disclosed in the board announcement. The company filed the outcome with NSE under SEBI Regulation 30 (material event disclosure) on the same day.

Why it mattersThree-party reverse merger / upstream consolidation structure requires NCLT sanction under ICA 2013 and parallel SEBI clearance for listed entity; deal is contingent on NCLT Mumbai Bench jurisdiction and shareholder consent-typical gating points for intra-group financial services M&A.
Counsel—
SectorFinancial Services
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