A-1 LIMITED

A-1 Limited (formerly A-1 Acid Limited), listed on BSE, operates across two reportable segments: Acids and Chemicals, and Sports Equipment and Others. The Acids and Chemicals segment is the core business, focused on trading sulphur-based chemicals such as Sulphuric Acid and Oleum variants. In June 2026 the company was appointed primary authorised dealer by Ishan Dyes and Chemicals for these products in Gujarat and expansion markets, serving fertilizer, pharmaceutical, dyes and petrochemical customers; the two firms had already done about Rs 40 crore of business in roughly four months from February 2026. The Sports Equipment and Others segment includes electric mobility through 51%-owned subsidiary A-1 Sureja Industries, which markets low-speed electric two-wheelers under the 'Yellow EV' brand and received confirmed purchase orders for approximately 1,400 units in January 2026. Logistics is in-house: the company runs a fleet of 71 tankers/vehicles (with 10 more added) and over 90% of the fleet is debt-free, supporting chemical distribution. FY26 revenue from operations was Rs 342.91 crore with a 3.67% EBITDA margin, and the cost shape shows negligible direct materials, employee cost at 1.1% of revenue, other operating expenses at 6.2%, and depreciation at 0.8%, consistent with a trading and dealership model.