A-1 Ltd Extends Rally, Hits 20% Upper Circuit at ₹1,516 Following EV Subsidiary Acquisition

Ahmedabad, October 28, 2025: A-1 Ltd share price (BSE: 542012) rose 20% in early trade on Tuesday, reaching the upper circuit limit and a new 52-week high. The rally follows investors’ positive reaction to the company’s decision to raise its holding in its electric two-wheeler business, A-1 Sureja Industries, to a controlling 51%. The stock opened sharply higher at ₹1,516.30 and stayed locked at its upper circuit level for most of the morning session, against the previous close of ₹1,263.70.

A-1 Ltd, previously A-1 Acid Limited, is a chemical trading and allied logistics firm based in Ahmedabad, having more than five decades of experience in the industry. The company has been actively diversifying into electric vehicle production and clean energy, with the latest acquisition being a hallmark milestone in its journey toward sustainable industrial change and value-led growth.

Strong Market Performance and Investor Sentiment

As of 12:23 pm IST, the share of A-1 Ltd was trading at up 19.99%, trading at ₹1,516.30. The market capitalization of the company was ₹1,743.86 crore, with free-float market cap of ₹522.69 crore and turnover of ₹18.73 crore. The 52-week range of the scrip now stands between ₹320.00 and ₹1,516.40. With an EPS (TTM) of ₹2.97 and a P/E ratio of 510.57, the stock demonstrates high investor expectations for future earnings growth, driven by the company’s electric vehicle expansion.

EV Subsidiary Acquisition Boosts Confidence

Investor confidence rose after A-1 Ltd announced on Monday that its board had approved increasing its stake in A-1 Sureja Industries from 45% to 51%, making it a subsidiary. The electric vehicle arm manufactures battery-powered two-wheelers and green mobility products. The acquisition will be executed through cash consideration, determined by independent valuation and mutual agreement, and will be funded entirely through internal accruals. The company also clarified that there will be no change in promoter shareholding and that the transaction is non-material

Strategic Diversification into Electric Mobility

A-1 Ltd’s management stated that the acquisition aligns with its broader diversification strategy, extending its portfolio beyond chemicals and logistics into electric mobility and clean energy. By gaining control of its EV subsidiary, the company can ensure stronger governance, streamlined operations, and better integration of sustainability-focused initiatives. This strategic shift underscores A-1 Ltd’s long-term vision to strengthen its foothold in green industries and capture growth opportunities in the fast-evolving electric vehicle market.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/78b4a88f-cebf-44aa-a91a-81b8767161fc.pdf

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