Media release regarding taking approval of members for Bonus, stock split of shares, investment, alteration of MoA etc. through postal ballot and E-voting
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A-1 Limited (formerly A-1 Acid Limited), an Ahmedabad-based chemical trading and logistics company, is seeking shareholder approval through postal ballot and e-voting for several growth proposals. Key items include a 3:1 bonus issue, a 10:1 stock split (Rs. 10 face value into Rs. 1), and an increase in authorized capital from Rs. 20 crore to Rs. 46 crore. The company also proposes amending its object clause to enter sports equipment imports and pharmaceutical manufacturing, and to raise its stake in subsidiary A-1 Sureja Industries from 45% to 51% at a Rs. 100 crore enterprise value. A-1 Sureja Industries manufactures EV two-wheelers under the brand Hurry-E, with a projected 250%+ CAGR. E-voting runs from 22 Nov to 21 Dec 2025, with results by 23 Dec 2025. Q2FY26 revenue stood at Rs. 63.14 crore.
If approved, the bonus and stock split will increase share liquidity and affordability while expanding total shares to 46 crore. The move into EVs, sports, and pharma signals a strategic diversification from core chemicals, with potential long-term growth but added business risk given the very different industries being entered.