Subsidiary5 Nov 2026, 10:31 pm
SecMark Consultancy Incorporates Mineral Exchange Subsidiary
AI Summary
SecMark Consultancy Ltd announced the incorporation of its wholly owned subsidiary, SecMark Mineral Exchange Private Limited, on November 5, 2026. This move follows the Board's earlier approval on October 27, 2026, to establish a Mineral Exchange. The new entity will operate under SecMark Consultancy's 100% ownership and will focus on establishing and operating a Mineral Exchange, facilitating trading, clearing, settlement, and risk management for minerals, concentrates, processed forms, and related derivatives. The initial investment for this venture is ₹1,00,000, comprising 10,000 equity shares of ₹10 each. Regulatory approval from the Indian Bureau of Mines (IBM) is pending.
Key Highlights
- SecMark Consultancy incorporates a wholly owned subsidiary for a Mineral Exchange.
- The subsidiary, SecMark Mineral Exchange Private Limited, will operate the exchange.
- Initial investment is ₹1,00,000 for 10,000 equity shares.
- Regulatory approval from IBM is required.
- The move aims to facilitate trading in minerals and derivatives.
Price Impact
More from SECMARK