SecMark Consultancy Ltd Approves Incorporation of Wholly Owned Subsidiary

SecMark Consultancy Ltd's Board of Directors has approved the incorporation of a wholly owned subsidiary, SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED. This new entity will operate as a Non-Banking Financial Company (NBFC) focused on the Account Aggregator business, in line with RBI guidelines. The incorporation involves an initial investment of ₹1,00,000 for 10,000 equity shares, with SecMark Consultancy Ltd holding 100% ownership. The subsidiary requires approvals from the Reserve Bank of India.