Multibagger small-cap stock hit an all-time high after receiving an order worth Rs 1,50,45,00,000 from Sai Baba Polymer Technologies

On Tuesday, the shares of A-1 Limited hit a 5 per cent Upper Circuit to an all-time high of Rs 2,433.10 per share from its previous closing of Rs 2,317.25 per share. The company has a market cap of Rs 2,798 crore and the stock has given multibagger returns of 593 per cent from its 52-week low of Rs 351.20 per share.

A-1 Limited has received a significant major order worth Rs 1,27,50,00,000 (before Taxes) or Rs 1,50,45,00,000 (after 18 per cent GST) from Sai Baba Polymer Technologies for the supply of 25,000 MT of Industrial Urea- Automobile Grade. This is an open delivery order that represents a meaningful addition to the company's operating revenues, demonstrating growing demand in its Industrial Urea (Automobile grade) vertical and strengthening Order Book visibility. The transaction is in the ordinary course of business, is not a related party transaction, and aligns with A-1 Limited's strategy to expand participation in the automotive chemical value chain.

About the Company

A-1 Ltd (BSE - 542012), a listed Ahmedabad-based chemical trading and Logistics company, has announced significant corporate actions approved by its board on November 14, 2025. These proposals, subject to shareholder approval via remote e-voting and postal ballot running from November 22 to December 21, 2025, include a 3:1 bonus issue and a 10:1 stock split. Additionally, the company is seeking approval to substantially increase its authorised share capital from Rs 20 crore to Rs 46 crore and approve amendments to the memorandum of association for business expansion.

The approved corporate restructuring includes the issuance of three bonus equity shares of Re 10 each for every one existing share, and a 10-for-1 stock split (sub-division) of the face value from Rs 10 to Re 1 per share. These actions aim to improve liquidity and make the stock more accessible to a broader investor base. Following the stock split, the total number of equity shares is expected to increase to 46 crore shares of Re 1 each.

A-1 Ltd is diversifying its business significantly, moving beyond its five-decade legacy in industrial-acid trading. The company's object clause is being amended to expand into the import and distribution of sports equipment and the sourcing, supply, and contract manufacturing of pharmaceutical products for the international market. Crucially, the company has increased its stake in its subsidiary, A-1 Sureja Industries, from 45 per cent to a controlling 51 per cent for an enterprise value of Rs 100 crore.

This investment positions A-1 Ltd as one of India's first listed chemical companies with a controlling stake in an EV manufacturing enterprise, A-1 Sureja Industries, which produces battery-operated two-wheelers under the 'Hurry-E' brand. The subsidiary is poised for rapid expansion into R&D, EV components, and smart charging infrastructure, with a projected CAGR of over 250 per cent. The overall strategy aims to transform A-1 Ltd into a multi-vertical green enterprise and a future-ready Mid-Cap ESG leader by 2028, a vision supported by recent institutional interest, including a bulk deal by Minerva Ventures Fund on November 7, 2025.

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