A-1 Ltd Signs Tri-Party Agreement to Supply 10,000 MT Nitric Acid

A-1 Ltd, formerly A-1 Acid Ltd, has entered into a tri-party supply agreement with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Solar Industries India Limited for the supply of 10,000 metric tonnes of concentrated nitric acid.

Under the long-term arrangement, the supply will be executed between November 2025 and March 2026, with a provision to supply additional quantities by mutual consent. The nitric acid will be used for industrial applications. GNFC will act as the manufacturer, Solar Industries India Limited and its group companies will be the buyer and end user, while A-1 Ltd will serve as the dealer for the entire transaction.

Commenting on the development, Mr. Harshadkumar Patel, Chairman and Managing Director of A-1 Ltd, said the agreement strengthens the company’s position in the industrial chemicals supply chain and deepens engagement with large, nationally reputed corporates. He added that the deal improves volume visibility and reinforces A-1 Ltd’s role as a trusted distribution and marketing partner in the speciality chemicals segment. The transaction has been entered into in the ordinary course of business, is not a related-party transaction, and does not involve any promoter or promoter-group interest.

With a legacy spanning over five decades in industrial acid trading, distribution, and Logistics, A-1 Ltd continues to position itself as a future-ready Mid-Cap ESG-focused enterprise. The company aims to build diversified revenue streams, scalable capabilities, and stronger institutional market presence. By 2028, A-1 Ltd plans to evolve into a multi-vertical green enterprise, integrating low-emission chemical operations with clean mobility solutions.

Recently, the company received an order worth Rs 127.5 crore for the supply of 25,000 metric tonnes of industrial urea (automobile grade) from Sai Baba Polymer Technologies across manufacturing locations in India. The total order value, including GST, stands at Rs 150.45 crore. The order is expected to boost operating revenue, enhance Order Book visibility, and support the company’s strategy to expand its presence in the automotive chemicals value chain while maintaining a diversified customer base.

In addition, A-1 Ltd has sought shareholder approval through remote e-voting and postal ballot for multiple corporate actions. These include a 3:1 bonus issue, a 10:1 stock split, an increase in authorised share capital from Rs 20 crore to Rs 46 crore, alterations to the memorandum of association, and investment in A-1 Sureja Industries. The board approved these proposals in its meeting held on 14 November 2025, with voting results expected to be announced on or before 23 December 2025.

The board has also approved amendments to the object clause to enable expansion into the import and distribution of sports equipment, as well as the sourcing, supply, contract manufacturing, and manufacturing of pharmaceutical products for international markets.

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