Bonus issue, Stock split, alter object clause, increase authorize share capital, investment in A-1 Sureja industries
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A-1 Limited's board approved a 3:1 bonus issue, meaning 3 bonus equity shares of Rs. 10 each for every 1 share held, requiring Rs. 34.5 crore from free reserves and securities premium. Alongside this, the board recommended a stock split sub-dividing each Rs. 10 share into 10 shares of Rs. 1 each, aimed at improving liquidity. Authorized share capital will be raised from Rs. 20 crore to Rs. 46 crore to accommodate the expanded base. The company will also increase its stake in EV subsidiary A-1 Sureja Industries from 45% to 51%, with plans to expand into EV component manufacturing and smart charging infrastructure. Additionally, the object clause will be widened to include sports equipment distribution and pharmaceutical contract manufacturing, all subject to shareholder approval via postal ballot.
Shareholders will see their share count grow substantially (3x via bonus and 10x via split, totalling 30x) while the per-share price adjusts downward, making the stock more affordable and liquid. The EV expansion signals diversification beyond the core acid business, potentially opening new growth avenues.