SecMark Consultancy Limited has entered into three significant agreements on December 30, 2025. The company has executed a Software Purchase Agreement with Codifi Finserv Private Limited and Codifi Soft Tech Private Limited to acquire their 'trading web and mobile platforms and trading middleware' software and applications. The consideration for this software purchase, including intellectual property rights, is ₹8,00,00,000 (Rupees Eight Crores) plus applicable goods and service tax. As part of this agreement, Codifi Finserv and Codifi Soft Tech are restricted from engaging in competing businesses for five years without SecMark's written consent. Additionally, SecMark has signed a Consultancy Agreement with Mr. Pradeep Kuppusamy and Mr. Raghu Ram Rajamani. These consultants will be engaged for the further development, maintenance, and enhancement of the acquired software applications, as well as for providing similar development and support services for SecMark's in-house applications. They will also assist in designing and implementing migration software, client transition, and relationship management, and provide ongoing technical, operational, and business support. This consultancy agreement is for a term from December 30, 2025, to December 30, 2028, with an aggregate fixed remuneration of ₹20,00,00,000 (Indian Rupees Twenty Crore) plus goods and service tax. The consultants are also subject to a five-year non-compete clause. Furthermore, SecMark has executed a Deed of Assignment of Trademark with Codifi Finserv Private Limited. Through this deed, Codifi Finserv assigns and transfers 50% of the goodwill of the trademark pertaining to the 'trading web and mobile platforms and trading middleware' software, along with related rights and benefits. The consideration for this trademark assignment is ₹1,00,000 (Indian Rupees One Lakh) plus goods and service tax. None of the parties involved in these agreements are related to SecMark's promoters or group companies, and the transactions are considered to be at arm's length.
