SecMark Consultancy Limited board approves three-way amalgamation scheme
SecMark Consultancy Limited, a listed entity on NSE, approved a scheme of amalgamation under Section 230 of the Companies Act, 2013, whereby two private subsidiaries-Codifi Finserv Private Limited (likely a fintech/lending entity) and SecMark Holding Private Limited (a holding company)-are being merged into the listed parent. The scheme was approved at a Board meeting held on 12 August 2026. This is a common structure in financial services to consolidate operations and simplify the group's legal architecture. NCLT sanction and creditor/shareholder approval remain pending.
Why it mattersThree-way amalgamations require careful sequencing of NCLT sanction petitions and consideration of inter-company guarantees; the transferee structure (SecMark CL as the surviving entity) suggests a consolidation of subsidiary financial-services operations into the parent listed company.
Counsel—
SectorFinancial Services
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Sources
- NSE SECMARK Filing · official
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