Stock Split Alert: Penny Stock Eyes Rs 47 Target As 1:10 Split Approaches; Potential Rally Post-March 21?

Softrak Venture Investment Limited is a small-cap business in the NBFC sector. The company was founded on December 24th, 1993. The firm provides specialist software solutions. One of the leading software development firms in India, it has offices in Delhi NCR and its main office is in Ahmedabad, Gujarat. As the NBFC company gets closer to its 1:10 stock split goal as the record date of March 21 draws near, Softrak Venture Investment's shares finished Monday at a 5.00% upper circuit limit at Rs 35.94 per share with a market capitalisation of Rs 18.26 Cr.

Softrak Venture Investment Stock Split

The Board of Directors of Softrak Venture Investment has set Friday, March 21, 2025, as the record date to determine the eligibility of shareholders for the purpose of splitting or subdividing the company's equity shares so that each equity share with a nominal or face value of Rs. 10 will be split into 10 equity shares with a nominal or face value of Rs. 1 each.

"The approval of the Members of the Company by way of ordinary resolutions were sought by Postal Ballot Process through remote e-voting mode as well as postal ballot forms duly signed by shareholders sent to the Company vide notice dated 10th January, 2025 for sub- Division of Every 1 (One) Equity Share of The Nominal/Face Value of Rs. 10/- (Rupees Ten Only) Each Into 10 (Ten) Equity Shares of The Nominal/Face Value of Rs. 1/- (Rupees One Only) Each," said Softrak Venture Investment in a regulatory filing.

"In order to improve the liquidity of the Company's Share and to make it more affordable for small investors and retail investors as also to broaden the small investors base, the Board of Directors of the Company, at its Meeting held on January 10, 2025 has recommended to sub-divide (split) the nominal/face value of each Equity Share having a present value of Rs. 10/- (Rupees Ten Only) each into 1 (One) Equity Shares of face value of Rs. 1/- (Rupees One Only) each," said Softrak Venture Investment in a stock exchange filing.

Holding Physical Shares? Here's How Softrak Will Handle Your Split Shares Post Record Date

"Upon sub-division/split of equity shares as aforesaid and with effect from the Record Date: a) For the equity shares held in physical form, the existing share certificate(s) in relation to the said equity shares, shall be deemed to have been automatically cancelled and shall be of no effect and the Board, without requiring the Members to surrender their existing share certificate(s), shall credit such sub-divided/split Equity Shares to the Demat Suspense Account of the Company and on providing the details of Demat account, such sub-divided/split Equity Shares shall be credited proportionately to the concerned Demat account of the shareholder, in terms of applicable regulations, rules, guidelines and Circulars as may be issued from time to time in this regard. b) For the equity shares held in dematerialized form, the sub-divided/split equity shares shall be credited proportionately into the respective beneficiary Demat accounts of the Shareholders held with their depository participants, in lieu of the existing credits present in their respective beneficiary Demat accounts," Softrak Venture Investment confirmed in a BSE filing.

Softrak Venture Investment Financials

Moneycontrol reports that the company's net revenues for the December 2024 quarter reached Rs 2.57 crore, up 24863.11% from Rs 0.01 crore for the December 2023 quarter. For the quarter ending in December 2024, the company's net profit amounted to Rs. 1.09 crore, whereas in the quarter ending in December 2023, the company's net profit was NIL. EBITDA was nearly unchanged from NIL in Q3FY24 to Rs. 1.09 crore in Q3FY25.

Softrak Venture Investment Share Price Target

"Softrak stock price is slightly bullish on the Daily charts with strong support at 34.23. A Daily close above resistance of 38.45 could lead to a target of 47 in the near term," commented A R Ramachandran, Independent Research Analyst.

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