Multibagger Small-Cap Stock Hit the Upper Circuit After Announcing Receipt of 2 Purchase Orders Totaling 1,425 Low-Speed Electric Two-Wheelers by Associate A-i Sureja Industries

A-1 Limited has announced that its associate entity, A-i Sureja Industries, part of the company’s electric mobility initiative, has secured two purchase orders for the supply of low-speed electric two-wheelers. 

The associate has received orders from two customers - Zipnova Enterprise LLP based in Ahmedabad, Gujarat, and Aayushman Engineering based in Noida, Uttar Pradesh. The orders collectively cover 1,425 electric two-wheeler units, further strengthening the associate’s EV Order Book and reflecting increasing market acceptance of its electric mobility offerings.

Under the first order dated 12 January 2026, Zipnova Enterprise LLP has placed an order for 525 units of EV motorcycles/low-speed two-wheelers. The second order, dated 14 January 2026 from Aayushman Engineering, includes 900 low-speed electric two-wheelers.

Both orders will be executed and delivered as per mutually agreed terms and timelines defined in the respective purchase orders. The transactions are not classified as related-party transactions, and the promoter or promoter group does not hold any interest in these customer entities to the best of the company’s knowledge.

A-1 Limited stated that it remains focused on scaling its electric mobility operations through timely order execution, wider distribution expansion, and ongoing product development. The company has also confirmed that further material developments will be disclosed as applicable.

About the Company

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.