A-1 Ltd Rises 4.8% After Raising Stake to 51% in Electric Two-Wheeler Firm

Ahmedabad, October 27, 2025: The share price of A-1 Ltd jumped 4.81% in early trade to touch a new 52-week high of ₹1,104.45, following the company’s announcement to increase its stake in A-1 Sureja Industries. The partnership firm is involved in the manufacturing of battery-operated electric two-wheelers, with A-1 Ltd raising its holding from 45% to 51%, strengthening its position in the rapidly growing EV segment.

By 3:00 PM IST, A-1 Ltd shares were trading at ₹1,263.70, up ₹210.60 or 20.00% from the previous close of ₹1,053.10. The stock is now approaching its 52-week high of ₹1,104.45, reflecting strong bullish momentum. The company’s market capitalisation stands at ₹1,269.31 crore, with a price-to-earnings (P/E) ratio of 371.63, indicating high investor optimism and premium valuation.

A-1 Ltd was previously known as A-1 Acid Limited. It is a listed firm in Ahmedabad that is in the business of chemicals and chemical products. The company has been diversifying into sustainable and green technologies, consistent with its legacy of industrial activity over the past 50 years.

Board Approves Stake Hike In EV Arm

During a board meeting on October 27, the company’s board confirmed the purchase of an additional 6% partnership interest in A-1 Sureja Industries, which will ultimately make it a subsidiary, subject to changing regulatory and legal requirements. In addition, the purchase price will be determined based on third-party appraisals and the parties’ agreement.

A-1 Sureja Industries, a partnership firm registered under the Indian Partnership Act, 1932, and engaged in the manufacturing of battery-operated electric two-wheelers, will see its stake increase from 45% to 51% upon completion of the acquisition. The cash-based transaction, independently valued and conducted as a related-party deal at arm’s length, will result in the firm being classified as a subsidiary of A-1 Ltd post-acquisition.

Strategic Rationale

The purchase is in line with A-1 Ltd’s strategy to diversify into Electric Mobility and Green Energy. A-1 Ltd’s management expects the acquisition to allow for greater control, improve corporate governance, and integrate sustainability initiatives into the EV business.

“The additional stake will enable the company to exercise management control and operational oversight over the EV business,” said Harshadkumar N. Patel, Chairman & Managing Director.

Financial and Structural Impact

A-1 Ltd made it clear that the transaction will not change the promoter’s shareholding, and it will be fully funded from internal accruals. It is deemed non-material under SEBI disclosure requirements. The revenue contribution of A-1 Sureja Industries will be consolidated with A-1 Ltd’s financials once the reconstituted partnership deed is finalized.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6be3b301-4bba-4164-845d-cb8f9a37ea40.pdf

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