5:1 Bonus Issue & 10:1 Stock Split: Minerva Ventures Fund Buys 66,500 Shares of A-1 Ltd Worth Rs 11 Crore Amid Bonus and Split Plans

DSIJ Intelligence-2 / 11 Nov 2025/ Categories: Mindshare, Trending

5:1 Bonus Issue & 10:1 Stock Split: Minerva Ventures Fund Buys 66,500 Shares of A-1 Ltd Worth Rs 11 Crore Amid Bonus and Split Plans

India’s electric two-wheeler market has grown at a 35 per cent CAGR between FY 2020 and FY 2025, reaching over 1.5 million units, and is projected to exceed 5 million units by FY 2028.

Mauritius-based Minerva Ventures Fund has purchased 66,500 equity shares of A-1 Ltd through an open market bulk deal at Rs 1,655.45 per share, valuing the transaction at Rs 11 crore. The deal was executed on November 7, 2025, as per BSE data.

A-1 Ltd, formerly known as A-1 Acid Ltd, operates in the chemical trading and Logistics sector and is now diversifying into the electric vehicle (EV) and clean mobility segment. As of September 30, 2025, promoter group shareholding stood at 70.03 per cent, while FIIs/FPIs increased their stake from 2.94 per cent in March 2025 to 6.03 per cent in September 2025. The latest investment by Minerva Ventures Fund is expected to further raise foreign investor participation in the company.

The company has informed that its board will meet on November 14, 2025, to consider issuing bonus shares in a ratio of up to 5:1 and a stock split of up to 10:1, subject to shareholder and regulatory approvals. Additionally, the board will consider a dividend of up to 50 per cent on the paid-up equity share capital for the current financial year.

A-1 Ltd has also raised its partnership interest in subsidiary A-1 Sureja Industries from 45 per cent to 51 per cent at an enterprise value of Rs 100 crore. The subsidiary manufactures battery-operated two-wheelers under the brand name Hurry-E. The company plans to expand into EV-related verticals, including R&D, battery technology, component manufacturing, and smart charging infrastructure.

The company’s market capitalisation stood at Rs 1,999 crore as of November 10, 2025. Building on its five-decade legacy in the chemical value chain, A-1 Ltd aims to evolve into a multi-vertical green enterprise by 2028, integrating chemical operations with clean mobility solutions.

India’s electric two-wheeler market has grown at a 35 per cent CAGR between FY 2020 and FY 2025, reaching over 1.5 million units, and is projected to exceed 5 million units by FY 2028. The Hurry-E models, priced between Rs 75,000 and Rs 1.10 lakh, target mass and fleet buyers seeking affordability and efficiency.

Disclaimer: The article is for informational purposes only and not investment advice.