Synopsis: The shares of this chemical company surged 5% following the launch of the “Yellow EV” app, streamlining electric two-wheeler operations and onboarding, reflecting strong early adoption and the company’s latest corporate updates
The shares of this company, which is engaged in the trading of a wide range of chemicals, including Nitric Acid, Sulphuric Acid, Hydrochloric Acid, and Methanol. It operates a fleet of over 100+ owned/attached tankers for logistical services, which came into focus after the board approval for multiple corporate actions
With a market capitalization of Rs 1,105 crore, A-1 Ltd’s shares on Thursday made a day high of Rs 24.04 per share, up 5 percent from its previous day’s close price of Rs 22.90 per share. The share of this company has given a return of 115 percent over the last year.
What happened
A-1 Limited’s associate, A-1 Sureja Industries, has launched the “Yellow EV” mobile application on February 20, 2026, to support its electric two-wheeler operations. The app, available on the Google Play Store, enables seamless onboarding, service coordination, and workflow management. This digital-first platform is designed to enhance operational efficiency and improve stakeholder engagement as the electric mobility ecosystem scales.
The company had also secured two confirmed purchase orders totalling over 1,400 low-speed electric two-wheelers, signalling strong early market acceptance. Management added, operating under a “Made in India, Made for India” strategy, A-1 Limited is implementing a partner- and franchise-led expansion model to build a scalable assembly and distribution network. This milestone strengthens revenue visibility and supports the phased execution of its EV business.
A-1 Sureja Industries strengthened its EV order book with two purchase orders for 525 units from Zipnova Enterprise, Ahmedabad, and 900 units from Aayushman Engineering, Noida, highlighting growing demand in the low-speed, affordable EV segment. A-1 Ltd also increased its stake to 51%, expanding subsidiary operations and clean mobility initiatives.
The Board of Directors had approved the issue of 3,45,00,000 fully paid-up bonus equity shares of Rs 10 each in a 3:1 ratio, giving three bonus shares for every one existing share, with a record date of December 31, 2025. The authorised share capital has been increased from Rs 2,00,00,000 to Rs 4,60,00,000 equity shares, and a share split from Rs 10 toRs 1 per share has been approved, effective January 8, 2026, to enhance liquidity and reward shareholders.
About the Company
A-1 Limited (formerly A-1 Acid Limited), founded in 1975 and headquartered in Ahmedabad, is a major Indian company specializing in the wholesale trading, distribution, and transportation of industrial acids and chemicals. It is a market leader in promoting nitric acid for GNFC and is expanding into the Electric Vehicle (EV) market.
Financial Highlights: The revenue from operations declined by 6 percent to Rs 69.8 crore in Q3 FY26, corresponding to the same quarter in the last financial year. This was accompanied by a net profit decline of 4 percent to Rs 0.96 crore in Q3 FY26 from Rs 1.00 crore in Q3 FY25, while the EPS remained stable at Rs 0.02 per share in Q3 FY26.
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