Stock Split Incoming! 1:10 Sub-Division of Shares Revealed By Penny Stock Under Rs 20; But Is It Time To Buy?

On August 20, 1985, Mercury Trade Links Limited was established in accordance with the Companies Act of 1956. In addition to all varieties of rice, maize, milo, seeds, cotton seeds, soyabeans, ground nuts, castors, linseeds, sunflower, coconut, rapeseed, almond, sesamam, mustard, sea seed, grapeseed, and other agricultural products, the company also deals in fertilisers, manures, plant or animal foods, and pesticides, including insecticides, herbicides, eedicides, and fungicides. During the last trading session on Thursday, the shares of Mercury Trade Links ended at a 2% lower circuit limit at Rs 19.89 per share with a market cap of Rs 27.08Cr on the BSE. Mercury Trade Links announced a 1:10 stock split on Saturday, March 15th, with the goal of increasing the equity shares' market liquidity and opening the door for small investors.

Mercury Trade Links Stock Split

The Board of Directors of the company, at their meeting held today i.e., 15th March,2025, have, inter alia, transacted and approved "The Sub-Division / Split of Equity Shares of the Company from face value of Rs. 10/- each to Rs. 1/- each, subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the Extra-Ordinary General Meeting," said Mercury Trade Links in a regulatory filing.

"The Board of Directors has fixed the day, date, time and place for the Extra-ordinary General Meeting (EGM) of the Company. The Board decided that the Extra-ordinary General Meeting (EGM) of the Company will be held on Friday, 11th April, 2025 at 2:00 PM at the Registered Office of the Company situated at B-602, Infinity Tower,Nr Ramada Hotel, Corporate Road, Prahladnagar, Ahmedabad - 380015," the company further added.

"The e-voting period commences on Tuesday, April 08, 2025 at 09:00 AM and ends on Thursday, April 10, 2025 at 05:00 PM. During this period members of the Company holding shares either in Physical form or in dematerialized form as of 04-04-2025 (cut-off date for E-voting) may cast their vote through remote e-voting," Mercury Trade Links informed stock exchanges today.

Mercury Trade Links News

By amending the Memorandum of Agreement, the Board of Directors on Saturday proposed adding certain additional business operations to the company's primary goal clause. The following will be the new object added to the company's memorandum of agreement (MoA).

"1. To engage in contract farming activities, including but not limited to the cultivation, production, harvesting, and sale of agricultural products, by entering into agreements with farmers for the growing and delivery of specified crops, produce, or livestock, on terms mutually agreed upon by the company and the farmers. 2. To carry on the business of manufacturing, designing, producing, and trading in gold, silver, diamond, platinum, and other precious metals and gemstones, including the creation, sale, export, and import of all types of jewellery, ornaments, and related products, whether in raw, semi-processed, or finished form. The company shall also engage in the wholesale, retail, and online trading of jewellery and precious stones, provide services related to the setting, polishing, and embellishing of gemstones, and carry on any other activity related to the buying, selling, and dealing of gold, silver, diamonds, and other precious metals and stones, including undertaking custom jewellery designs and repairs. 3. To carry on the business of real estate development, construction, buying, selling, leasing, renting, and managing residential, commercial, and industrial properties, including the acquisition, development, and redevelopment of land and buildings. The company shall also engage in the business of manufacturing, trading, and dealing in construction materials, building products, and related items, including but not limited to cement, bricks, steel, tiles, and other raw materials required for real estate and infrastructure development. The company may also provide consultancy, project management, and other services related to real estate, construction, and property management, as well as engage in the financing, investment, and development of real estate ventures, both domestically and internationally," Mercury Trade Links said in a stock exchange filing today.

Mercury Trade Links Share Price Target

"Mercury Trade Links stock price is bearish on the Daily charts with strong resistance at 22.42. A Daily close below support of 19.89 could lead to a target of 18.1 in the near term," highlighted A R Ramachandran, Independent Research Analyst.

Disclaimer

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