Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 the members of the Board in its Board Meeting held on Wednesday May 13, 2026, have inter alia approved the following decisions: 1. ....
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SecMark Consultancy's Board of Directors met on May 13, 2026 and approved a proposal to invest up to Rs. 10 crore in its subsidiary, joint venture, or any other entity to explore and undertake activities related to obtaining a Trustee License in GIFT City (IFSC). The investment is subject to necessary approvals from IFSCA (International Financial Services Centres Authority) and other applicable regulatory authorities. GIFT City (Gujarat International Finance Tec-City) is India's first operational smart city and international financial services hub. The proposed trustee license will allow the company to expand into the IFSC ecosystem and conduct trustee-related activities permitted under the applicable regulatory framework.
This is a strategic expansion move into a new business vertical (trustee services) within India's international financial centre. If the Trustee License is granted, it could open new revenue streams for the company in the growing GIFT City ecosystem. The Rs. 10 crore capital commitment signals serious intent but remains subject to regulatory approval.