A-1 Ltd seek members' approval for future growth plans, including bonus, stock split via Postal Ballot

A-1 Ltd (BSE - 542012) (formerly A-1 Acid Ltd), a listed chemical trading and Logistics company headquartered in Ahmedabad has sought approval of the members of the company by way of remote e-voting and postal ballot for the approval of bonus issue, stock split, increase in the authorized share capital, approve alteration of the clause in memorandum of association and investment in A-1 Sureja Industries. The board of directors, in the meeting held on November 14, has approved all the proposals, including a 3:1 bonus issue and a 10:1 stock split. The commencement of e-voting and postal ballot will start on November 22, 2025 and end on December 21, 2025; the results will be announced on or before. December 23, 2025.  

Voting for the proposal includes increasing the authorised share capital of the company from Rs 20 crore to Rs 46 crore. The company board has also approved the proposal to alter and amend the object clause of the company for the expansion of the business of import and distribution of Sports equipment. Also initiate business of sourcing, supply and contract manufacturing and manufacturing of pharmaceutical products to be supplied in the international market.

The Board of Directors considered and recommended the issue of bonus equity shares in the ratio of 3:1 (Three bonus equity shares of Re 10 each for every 1 equity share of Rs 10 each fully paid up held by the shareholders of the company as on the record date, subject to the approval of shareholders through postal ballot.

The Board also recommended the sub-division of 1 equity share of face value of Rs 10 each fully paid-up into 10 equity shares of face value of Re 1 each fully paid-up held by the shareholders of the Company as on the record date, subject to the approval of shareholders through postal ballot. Pursuant to the sub-division of Equity Shares of the Company will increase to 46 crore equity shares of Re 1 each.

The company is considering the expansion of operations of the company's subsidiary, A-1 Sureja Industries, into manufacturing and distribution of EVs and allied clean mobility fields, including R&D, EV component manufacturing, and smart charging infrastructure. Recognising the rapid transition toward green energy and sustainable transport, A-1 Ltd has increased its existing partnership interest/shareholding in A-1 Sureja Industries from 45 per cent to 51 per cent at an enterprise value of Rs 100 crore. A-1 Sureja Industries is a manufacturer of battery-operated two-wheelers under the brand Hurry-E. This move makes A-1 Ltd one of India’s first listed chemical companies to directly hold equity in a certified EV manufacturing enterprise. A-1 Sureja Industries achieved revenues of Rs 43.46 crore in FY 2023-24 and is now poised for rapid expansion with a projected CAGR of over 250 per cent, transitioning from the R&D stage to commercial rollout.

Recently, Mauritius-based Minerva Ventures Fund has bought 66,500 equity shares of A-1 Ltd (BSE - 542012) in a bulk deal at Rs 1,655.45 per share on 7 November 2025, as per the bulk deal data available on BSE. The fund bought the shares of A1 Ltd from the open market; the total value of the transaction was Rs 11 crore. For Q2FY26 company has reported revenue from operations of Rs 63.14 crore.

Building on a five-decade legacy in industrial-acid trading, distribution, and logistics, A-1 Ltd has established itself as a trusted partner in India’s chemical value chain, known for safety compliance, disciplined capital management, and nationwide reach. The company’s market capitalisation of Rs 2,665 crore.

By 2028, A-1 Ltd aims to evolve into a multi-vertical green enterprise, integrating low-emission chemical operations with clean mobility solutions. The company’s transformation positions it as a future-ready Mid-Cap ESG leader with diversified revenue streams, scalable manufacturing capabilities, and rising institutional interest.