Synopsis: A-1 Ltd secured a tri-party supply deal with GNFC and Solar Industries for 10,000 metric tonnes of Concentrated Nitric Acid, strengthening its position in the industrial chemicals supply chain.
A-1 Ltd has entered into a significant tri-party supply agreement with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Solar Industries India Limited. This deal marks another milestone for the Ahmedabad-based chemical trading and logistics firm. The agreement positions A-1 Ltd as the dealer connecting GNFC, the manufacturer, with Solar Industries and its group companies.
A-1 Limited’s stock, with a market capitalisation of Rs. 2,250 crores, rose to Rs. 1,957.20, hitting upper circuit of 5 percent from its previous closing price of Rs. 1,864.05. However, the stock over the past year has given a return of 404 percent.
Supply Deal
A-1 Limited has entered into a tri-partite supply agreement with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Solar Industries India Limited for the supply of 10,000 metric tonnes of Concentrated Nitric Acid from November 2025 to March 2026.
In this arrangement, GNFC serves as the manufacturer/seller, Solar Industries as the end buyer, and A-1 Limited as the dealer, strengthening A-1’s presence in the industrial chemicals supply chain through continued engagement with nationally reputed corporates. The long-term supply contract, conducted in the ordinary course of business without related-party involvement, enhances A-1 Limited’s volume visibility and reinforces its role as a trusted distribution and marketing partner in the specialty chemicals segment
Recent Business Developments
A-1 Ltd recently secured another substantial order worth Rs. 127.5 crore from Sai Baba Polymer Technologies. The order involves supplying 25,000 metric tonnes of industrial urea (automobile grade) to manufacturing locations nationwide. The total order value stands at Rs. 150.45 crore, with delivery scheduled per client requirements.
This urea order boosts the company’s operating revenue substantially. Furthermore, it shows growing demand for A-1 Ltd’s industrial urea products in the automobile sector. The deal enhances order book visibility across key manufacturing units while supporting expansion into the automotive chemicals value chain.
Corporate Actions and Shareholder Approvals
The company has sought shareholder approval for several major corporate actions through remote e-voting and postal ballot. These proposals include a 3:1 bonus issue, a 10:1 stock split, and an increase in authorized share capital. On November 14, the board of directors approved all these proposals during their meeting.
A-1 Ltd plans to increase its authorized share capital from Rs. 20 crore to Rs. 46 crore. The board also approved altering the company’s memorandum of association to expand business activities. New ventures include import and distribution of sports equipment alongside sourcing and contract manufacturing of pharmaceutical products. Results of the e-voting process will be announced on or before December 23, 2025.
Written By Fazal Ul Vahab C H
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