Acid & Chemicals Company Announces 3:1 Bonus, 10:1 Stock Split, Expansion Plans and Rising EV Focus

A-1 Ltd, headquartered in Ahmedabad, announced key corporate actions in its 14 November 2025 board meeting, including a 3:1 bonus issue and a 10:1 stock split, subject to shareholder approval through postal ballot. The board recommended issuing three bonus equity shares for every one fully paid-up equity share and approved the sub-division of each Rs 10 share into 10 shares of Rs 1 each. The company also proposed increasing its authorised share capital from Rs 20 crore to Rs 46 crore and amending its object clause to support new business opportunities in sports equipment distribution and pharmaceutical product manufacturing for international markets.

The board reviewed the proposed expansion of A-1 Sureja Industries, the company’s subsidiary, into electric mobility. The plan includes strengthening capabilities across EV R&D, component manufacturing, battery technology, and smart charging solutions. To support this shift, A-1 Ltd has increased its stake 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 manufactures electric two-wheelers under the Hurry-E brand and reported an enterprise value of Rs 200 crore as of 31 December 2024. The subsidiary generated Rs 43.46 crore in revenue in FY 2023-24 and is positioned for strong growth as it transitions from R&D to full-scale commercial operations.

For Q2FY26, A-1 Ltd reported revenue from operations of Rs 63.14 crore. The company’s market capitalisation stood at Rs 1,989 crore as of 14 November 2025. Its five-decade presence in chemical trading, distribution, and Logistics continues to underpin its shift toward low-emission operations and clean mobility solutions.

Foreign institutional interest also increased, with Mauritius-based Minerva Ventures Fund acquiring 66,500 shares of A-1 Ltd at Rs 1,655.45 per share on 7 November 2025 in a bulk deal valued at Rs 11 crore. The fund purchased the shares through the open market.

India’s electric two-wheeler market grew at a 35 per cent CAGR between FY 2020 and FY 2025, crossing 1.5 million units. The market is expected to exceed 5 million units by FY 2028. Hurry-E products target the Rs 75,000–Rs 1.10 lakh segment, catering to daily users and fleet buyers. The ARAI-approved Hurry-E electric motorcycle integrates smart battery management, reverse mode, and diagnostics to support reliability and performance.

The stock price has given 406 per cent multibagger returns from its 52-week high.

A-1 Ltd aims to evolve into a multi-vertical green enterprise by 2028, combining chemical operations with scalable clean mobility solutions and expanding its revenue mix in line with rising institutional interest.

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