On Wednesday, A-1 Ltd's share price hit 5% upper circuit. A-1 Ltd, formerly known as A-1 Acid Limited, announced that its Board of Directors will convene a meeting on Friday, November 14, 2025.
The agenda includes key corporate actions such as a bonus share issue, stock split, dividend recommendation, and a proposal to amend the company’s Memorandum of Association (MoA). The meeting will be chaired by Harshadkumar N. Patel, Chairman and Managing Director of the company.
The company has informed that the board will deliberate on multiple shareholder-beneficial corporate actions:
A-1 Ltd reported a weak performance for the quarter ended September 2025 (Q2FY26), reflecting both year-on-year (YoY) and quarter-on-quarter (QoQ) declines in revenue and profit.
The company’s revenue from operations stood at ₹63.14 crore in Q2FY26, compared to ₹77.76 crore in the same quarter last year, marking a YoY decline of 18.80%. Sequentially, revenue fell by 2.40% from ₹64.69 crore in Q1FY26.
Profit after tax (PAT) saw a sharp contraction, coming in at ₹0.07 crore in Q2FY26, against ₹0.97 crore in Q2FY25 — a YoY drop of 93%. On a sequential basis, PAT declined 88.36% from ₹0.60 crore in the previous quarter. The steep fall in profitability indicates pressure on margins and possibly higher costs or reduced pricing power during the quarter.
For the first half of FY26 (April–September 2025), revenue from operations was ₹127.84 crore, down 13.36% from ₹147.54 crore in H1FY25. The profit after tax for H1FY26 declined 63.10%, to ₹0.67 crore, compared to ₹1.81 crore in the same period of the previous year.
The company will also declare its Q2FY26 financial results on November 11, 2025.
A-1 Ltd is charting a major diversification strategy into India’s electric vehicle (EV) and clean mobility sector, signaling a shift from its traditional chemical trading and logistics business.
The board will evaluate the expansion plan of its subsidiary, A-1 Sureja Industries, which is set to enter new EV-related verticals such as battery technology, EV component manufacturing, smart charging systems, and R&D initiatives.
In a filing dated October 29, 2025, A-1 Ltd disclosed that it had increased its stake in A-1 Sureja Industries from 45% to 51%, at an enterprise value of ₹100 crore, making it a majority-owned subsidiary. This move positions A-1 Ltd among the first listed chemical companies in India to hold a controlling stake in a certified EV manufacturing enterprise.
A-1 Sureja Industries, based in Ahmedabad, manufactures battery-operated two-wheelers under the brand name Hurry-E. The company reported ₹43.46 crore in revenue for FY 2023–24 and is now transitioning from the R&D stage to full-scale commercial operations, targeting a projected CAGR of over 250% in the coming years.
Its flagship Hurry-E Electric Motorcycle, approved by the Automotive Research Association of India (ARAI), is designed for the ₹75,000–₹1.10 lakh price segment. The product line includes smart Battery Management Systems (BMS), reverse mode, and diagnostic features.
India’s electric two-wheeler market has recorded a 35% CAGR between FY2020 and FY2025 and is projected to exceed 5 million units by FY2028. Leveraging this growth, A-1 Ltd aims to evolve by FY2028 into a multi-vertical green enterprise, integrating its chemical operations with sustainable mobility solutions.
On Wednesday, A-1 Ltd’s share price hit the 5% upper circuit for the fourth consecutive trading session. The stock has consistently hit upper circuits over the past four sessions and has delivered a return of 431% in the last 12 months.
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