EV Stock in Focus: 3:1 Bonus, 10:1 Stock Split; A-1 Share Price Hits 5% Upper Circuit

By 2 min Read Dec 30, 2025

EV Stock A-1 Limited Hits 5% Upper Circuit

Indian benchmark indices were trading with losses at the open, weighed by broad-based selling. As of 9:17 am, the BSE Sensex index was at 84,555, falling 141 points or 0.17% in early deals, while the Nifty quoted 25,913, dropping 29 points or 0.11%.

One such stock that grabbed investors’ attention was A-1 Limited, which hit the 5% upper circuit limit during the session.

Why is A-1 Limited Locked in a 5% Upper Circuit?

A-1 Ltd, a long-standing chemical trading and distribution company, has announced significant corporate actions and a strategic expansion into the green energy sector following its recent acquisition of a majority stake in an electric vehicle (EV) manufacturer.

In addition to above, the company has finalised key dates for its upcoming corporate actions aimed at rewarding shareholders and enhancing market liquidity.

Bonus Issue: The record date for a 3:1 bonus issue has been set for December 31st. Shareholders will receive three bonus equity shares of ₹10 each for every one fully paid-up equity share held.

Stock Split: A 10:1 stock split has been scheduled with a record date of January 8, 2026. This will involve the sub-division of one equity share of face value ₹10 into ten equity shares with a face value of ₹1 each.

These developments, along with an increase in authorized share capital from ₹20 crore to ₹46 crore, were recently approved via a postal ballot.

Strategic Expansion into Clean Mobility

In a move that marks A-1 Ltd as one of India’s first listed chemical companies to hold equity in a certified EV enterprise, the company has increased its shareholding in A-1 Sureja Industries from 45% to 51%. This acquisition was made at an enterprise value of ₹100 crore.

A-1 Sureja Industries produces battery-operated two-wheelers under the Hurry-E brand.

Following its transition from the R&D stage to commercial rollout, the subsidiary is projected to achieve a CAGR of over 250%, building on its FY 2023-24 revenues of ₹43.46 crore. A-1 Ltd plans to further expand this subsidiary into EV component manufacturing, R&D, and smart charging infrastructure.

Diversification and Operational Growth

Beyond the EV sector, A-1 Ltd is diversifying its business interests to include sports equipment and pharmaceuticals. The company has also secured several high-value industrial contracts:

Industrial Urea Order: The company received a major order worth ₹150.45 crore (including GST) from Sai Baba Polymer Technologies for the supply of 25,000 MT of automobile-grade industrial urea across India.

Nitric Acid Arrangement: A-1 Ltd acted as the dealer in a tri-partite supply arrangement involving GNFC and Solar Industries India Limited for 10,000 metric tonnes of Concentrated Nitric Acid.

Institutional Interest

A-1 Ltd’s transformation is reflected in recent institutional activity. On November 7, 2025, the Mauritius-based Minerva Ventures Fund acquired 66,500 equity shares of the company in a bulk deal valued at ₹11 crore.

By 2028, A-1 Ltd aims to complete its evolution into a multi-vertical green enterprise, integrating its traditional chemical operations with clean mobility solutions to become a mid-cap ESG leader

On Tuesday, December 30, 2025, A-1 Limited’s share price was locked at a 5% upper circuit, with early trading volumes standing at shares. The stock has delivered strong returns across timeframes, gaining 95% over the past three months, surging 191% in the last six months, and rising by an impressive 382% over the past six months.