SecMark Consultancy Approves Amalgamation Scheme with Codifi Finserv & SecMark Holdings
SecMark Consultancy Limited's Board approved an amalgamation scheme with Codifi Finserv and SecMark Holdings. Shareholders of Codifi Finserv will receive 2,000 SecMark shares for every 100 held, and SecMark Holdings shareholders will receive 75,435 SecMark shares for every 100 held. The scheme aims for operational efficiency and synergies.
Amalgamation is a significant corporate action that fundamentally alters the company's structure and operations, potentially leading to substantial changes in market position, financial performance, and shareholder value.
The amalgamation is expected to create business synergies, enhance operational efficiency, and lead to long-term value creation, which are positive outcomes for the company and its stakeholders.
SecMark Consultancy Limited announced on August 12, 2026, that its Board of Directors has approved a Scheme of Amalgamation. This scheme involves the amalgamation of Codifi Finserv Private Limited (Transferor Company 1) and SecMark Holdings Private Limited (Transferor Company 2) with and into SecMark Consultancy Limited (Transferee Company).
The amalgamation is being undertaken under Sections 230 to 232 of the Companies Act, 2013, and is subject to all necessary regulatory and stakeholder approvals.
Codifi Finserv Private Limited, incorporated on August 5, 2024, is involved in information technology services for the financial market. SecMark Holdings Private Limited, incorporated on July 6, 2011, acts as a holding company and provides consulting, technology, and outsourcing services. SecMark Consultancy Limited, the transferee company, also offers technology, consulting, outsourcing, and auditing services to financial market participants.
The rationale behind the amalgamation includes enhancing offerings, achieving operational efficiency, business synergies, and long-term value creation. It aims to consolidate businesses, simplify the corporate structure, integrate complementary capabilities, improve the competitive position, and strengthen market presence. The management believes this will lead to cost reductions and better utilization of resources.
In consideration for the amalgamation, SecMark Consultancy Limited will issue new equity shares. For every 100 equity shares held in Codifi Finserv Private Limited, shareholders will receive 2,000 equity shares of SecMark Consultancy Limited (face value ₹10 each). For every 100 equity shares held in SecMark Holdings Private Limited, shareholders will receive 75,435 equity shares of SecMark Consultancy Limited (face value ₹10 each).
Following the amalgamation, the promoter shareholding in SecMark Consultancy Limited will change from 75% (78,35,040 shares) to 69.33% (78,53,540 shares), while public shareholders' stake will increase from 25% (26,11,960 shares) to 30.67% (34,75,007 shares). The total number of shares will increase from 1,04,47,000 to 1,13,28,547.
What to do with a filing like this
SecMark Consultancy Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SecMark Consultancy Limited. Read the original for the full detail.