Clarification with respect to circulation of stock related messages on social media platforms
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Awaiting price reaction for this filing.
A-1 Limited has responded to BSE's query regarding stock-related messages being circulated on Telegram and other social media platforms. The company confirmed that proposals for a bonus issue and stock split have been intimated to the Exchange, but specific ratios are yet to be finalized by the Board. It clarified that no dividend has been approved. The company reaffirmed its prior disclosure about acquiring a 51% stake in an electric vehicle business entity, under which Hurry E-bikes (an ARAI-approved electric two-wheeler model) falls. It stated that claims about debt-free status, high ROCE, and zero pledge have not been made by the company. The firm also noted it is merely exploring opportunities in battery technology, EV components, smart charging, and green energy, with no definitive agreements. The company disassociated itself from any Telegram channels or groups circulating promotional content and said it will file a complaint with cybercrime authorities.
Investors should be cautious about unverified tips circulating on social media and rely only on official exchange filings for material information. The confirmation of an EV sector acquisition and ongoing bonus/stock split proposals may support positive sentiment, but no finalized ratios or dividend details have been announced yet.