AA Plus TradeLink Board To Consider 1:10 Stock Split & 1:1 Bonus Shares On 24th October

AA Plus Trade Link Ltd (BSE: 543319) is Expansion Progressing By leaps and bounds in the field of trading out of iron steel aluminium and its products, has put it on record that its board of directors will be having a meeting on Thursday 24th October 2024 concerning a proposed stock split up to a ratio of 1:10 in the same way that they will consider a bonus issue up to the ratio of 1:1 which reflects an assertive posture in increasing returns to the shareholders and increasing the broad market participation of the Company.

The Company has also been performing well financially with revenues increasing by 21.7% in the last year to an impressive 209 million rupees. It has quite reached a record 148.32% growth on annual net profit as it generated 5.1 million rupees for the year 24 FY ( net profit in FY24). Such impressive numbers indicate attractive management and shelf positioned company.

AA Plus Trade Link debt to equity ratio remains low at 0.1 affirming a healthy state of the company finances since its operations are largely funded by equity as reflected in its balance sheet.

The stock split is aimed at a ratio in a way that aims to reduce its market price making it a little lower than normal so that more investors including retail investors will be able to buy the shares.

Greater liquidity can enable smooth trading and as a result, help in price stabilization, which should make the Company's shares even more interesting to prospective shareholders. All the existing shareholders get an additional 1:1 bonus share in this respect, which increases the number of shares held, but with no further capital expenditure on their part. This move emphasizes not only the loyalty of investors but also the self-confidence of the Company in respect of its further expansion and profitability.

AA Plus Tradelink Ltd. is engaged in the business of trading a wide range of products made from iron, steel, aluminium, graphite, and other alloy materials. It is a multi-product trading company dealing in Aluminium bars, rods, profiles, powder and scraps, Graphite flakes, powder, rods and scraps, G.I pipes, M.S pipes and sheets and also Nickel powder, Tungsten and Zirconium alloy among other products. With over twenty-five years of operations in the business, the company has carved a niche of quality and reliability within the construction and manufacturing industries.

Apart from trading, the company also deals in the supply of Epoxy Floor Coatings for Industrial, Marine and PU Coatings along with Epoxy Primers, High Build Coatings as well as Heat Resistant coatings.

It caters to various clientele from corporate to construction and manufacturing sectors. Further, the company intends to grow its business by shifting to a full strategy in window fittings aluminium trimmings including glass for the builders and contractors.