Notice of postal ballot
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Awaiting price reaction for this filing.
A-1 Limited has issued a postal ballot notice to its shareholders seeking approval (voting window: 22 November to 21 December 2025) on five key items. First, the company proposes to raise its authorised share capital from Rs. 20 crore to Rs. 46 crore (divided into 4.6 crore equity shares of Rs. 10 each). Second, it plans a bonus issue at a 3:1 ratio, meaning 3 new equity shares of Rs. 10 each for every 1 share held, by capitalising free reserves. Third, it proposes a stock split sub-dividing each Rs. 10 share into 10 equity shares of Rs. 1 each, aimed at improving liquidity and retail participation. Fourth, it wants to amend its objects of business to enter sports equipment trading and pharmaceutical manufacturing. Fifth, it seeks approval to invest up to Rs. 20 crore in its partnership firm A-1 Sureja Industries (electric two-wheeler maker), raising its stake from 45% to 51% and making it a subsidiary.
If approved, shareholders will receive 3 bonus shares for every 1 share held, followed by a 10:1 stock split, materially expanding share count but leaving overall value unchanged on a per-holder basis. The smaller face value should improve affordability and trading liquidity. The diversification into pharma and sports, plus deeper investment in the EV business, signals a strategic pivot beyond the company's legacy acid business, which could be a positive catalyst but also carries execution risk.