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* - Tentative Dates
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
1. Working capital requirement;
2. General Corporate Purpose;
3. To meet Issue Expenses.
Mercury Trade Links Ltd.'s revenue increased by 2796.42% and profit after tax (PAT) rose by 17955.56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 19.66 | 0.69 | 0.41 |
| Revenue | 13.83 | 0.48 | 0.03 |
| Profit After Tax | 1.14 | 0.01 | -0.10 |
| Net Worth | 11.45 | 0.41 | |
| Reserves and Surplus | 8.73 | 0.16 | 0.16 |
| Amount in ₹ Crore | |||
Mercury Trade Links Limited was founded on August 20, 1985. The company deals in agricultural products such as wheat, rice, maize, vegetables such as peppers, onions, tomatoes, potatoes, etc. and other agricultural products.
The company buys agricultural products from the producers against advance payment or in compliance with the agreed conditions and then sells them to its network of dealers. To strengthen its market presence, it has built up close relationships with farmers, wholesalers, and retailers.
The main purpose of their business has shifted from targeting sellers, traders, merchants, importers, exporters, brokers, agents, investors, stockists, distributors and dealers of and in all types of technology, agricultural products, food products, forest products, paper products, minerals, metals, gold, silver, platinum, industrial and other waste, spare parts and accessories, commercial natural and synthetic fibres, fibreglass and fibreglass products, textiles of all kinds, all types of yarns and yarn products.
