A-1 Ltd, formerly known as A-1 Acid Ltd and headquartered in Ahmedabad, announced that its board of directors approved a 3:1 bonus issue and a 10:1 stock split at its meeting held on 14 November 2025. Both actions are subject to shareholder approval through a postal ballot.
The board has recommended issuing three bonus equity shares of ₹10 each for every one fully paid-up equity share of ₹10 held as of the record date. It also cleared the proposal to subdivide each ₹10 face-value equity share into ten ₹1 shares.
The board recommended issuing bonus equity shares in the ratio of 1:3, meaning shareholders will receive three bonus shares for every one fully paid-up equity share held on the record date.
Key Highlights:
The board also recommended a sub-division of shares in the ratio of 1:10, converting each ₹10 fully paid-up equity share into ten ₹1 shares.
Post-Approval Capital Structure (including bonus issue):
The stock split is aimed at improving liquidity and broadening retail participation. Completion is expected within three months of shareholder approval.
The board also approved increasing the company’s authorised share capital from ₹20 crore to ₹46 crore, subject to shareholder consent.
In addition, A-1 Ltd has proposed amendments to its object clause to expand into:
A-1 Ltd is moving beyond its traditional chemical business with a strategic diversification into India’s growing electric vehicle (EV) ecosystem. The company plans to expand the operations of its subsidiary A-1 Sureja Industries into EV-related verticals including:
A-1 Ltd has increased its shareholding in A-1 Sureja Industries from 45% to 51%, valuing the subsidiary at ₹100 crore. This makes A-1 Ltd one of the first listed chemical companies in India to hold a majority stake in an EV manufacturing firm.
A-1 Sureja Industries, the manufacturer of battery-operated two-wheelers under the Hurry-E brand, is headquartered in Ahmedabad. As per a professional valuation report, the company has an enterprise value of ₹200 crore as of 31 December 2024.
It recorded ₹43.46 crore in revenue in FY 2023–24 and is projected to scale rapidly with an estimated CAGR of over 250%, moving from R&D stages to commercial production.
The Hurry-E Electric Motorcycle, approved by the Automotive Research Association of India (ARAI), features a smart BMS, reverse mode, and diagnostics, designed for daily and fleet users in the ₹75,000–₹1.10 lakh price band.
For Q2 FY26, A-1 Ltd reported ₹63.14 crore in revenue from operations. As of 14 November 2025, the company’s market capitalisation stood at ₹1,989 crore.
Mauritius-based Minerva Ventures Fund acquired 66,500 equity shares of A-1 Ltd through a bulk deal on 7 November 2025 at ₹1,655.45 per share, as per BSE data. The total transaction value was approximately ₹11 crore, and the shares were purchased from the open market.
India’s electric two-wheeler market has grown at a 35% CAGR (FY 2020–25), crossing 1.5 million units, and is projected to exceed 5 million units by FY 2028. With the Hurry-E lineup, A-1 Sureja Industries aims to serve both mass-market buyers and fleet operators.
Building on a five-decade presence in the chemical trading and logistics sector, A-1 Ltd is transitioning into a multi-vertical green enterprise by 2028, integrating low-emission chemical operations with clean mobility solutions. The company expects to strengthen its ESG positioning, grow its manufacturing capabilities, and attract increasing interest from institutional investors.
On Monday, A-1 Ltd's share price locked in a 5% upper circuit as the company board approved a bonus issue and stock split. On a year-to-date basis, the stock price of A-1 Ltd has given multibagger returns of 342%.
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