A-1 Ltd, a publicly listed company engaged in chemical trading and logistics, has sought shareholder approval for several key initiatives, including a bonus issue, a stock split, an increase in authorized share capital, amendments to its memorandum of association, and an investment in A-1 Sureja Industries.
During a board meeting on November 14, the members approved all proposals, which include a 3:1 bonus issue and a 10:1 stock split. The e-voting and postal ballot processes are scheduled to commence on November 22 and will conclude on December 21, with results expected to be announced by December 23.
Among the proposals is an increase in the authorized share capital from ₹20 crore to ₹46 crore. The company intends to amend its object clause to facilitate the expansion into the import and distribution of sports equipment, as well as to initiate sourcing, supply, contract manufacturing, and production of pharmaceutical products for international markets.
A-1 Sureja Industries, a subsidiary of A-1 Ltd, is looking to expand into the manufacturing and distribution of electric vehicles (EVs) and related clean mobility technologies, which will include research and development, EV component manufacturing, and smart charging infrastructure.
In light of the growing shift towards green energy and sustainable transportation, A-1 Ltd is increasing its stake in A-1 Sureja Industries from 45% to 51% at an enterprise value of ₹100 crore. A-1 Sureja Industries produces battery-operated two-wheelers under the brand name Hurry-E.
On the stock market, shares of A-1 Ltd experienced a rise of 5%, reaching ₹2,317 on Monday.
This report was published on November 24, 2025.
