Minerva Ventures Fund buys stake in A1 Ltd in bulk deal

The Fund has bought 66,500 equity shares from open market in bulk deal at Rs 1,655.45 per share for a total value of Rs. 11 crore

Ahmedabad, Gujarat: 10 November 2025: Mauritius-based, Minerva Ventures Fund has bought 66,500 equity shares of A-1 Ltd (BSE - 542012) in a bulk deal at Rs. 1,655.45 per share on 7 November 2025 as per the bulk deal data available on BSE. The fund bought the shares of A1 Ltd from open market, the total value of the transaction was Rs. 11 crore.

A-1 Ltd (formerly A-1 Acid Ltd) is a listed chemical trading and logistics company headquartered in Ahmedabad. The company has announced its plans for expansion into EV and clean mobility sector.

As on 30 September 2025, Promoter group holds 70.03%. FIIs / FPIs holding in A1 Ltd has increased from 2.94% as on March 2025 to 6.03% as on September 2025. The current transaction will further increase the foreign investor participation in the company. Minerva Ventures Fund is a Foreign Portfolio Investor (FPI) that invests in Indian financial markets by purchasing securities like stocks and bonds.

On November 7, the company has informed that its board of directors meeting on 14 November to consider and approve issue of bonus shares in the ratio of upto 5:1 and upto 10:1 stock split, announcement of dividend along with approve the expansion into EV and clean mobility. Company will announce its Q2FY26 results on 11 November.

Company informed that in the 14 November board meeting subject to shareholders and regulatory approval, company to consider and approve issue of bonus equity shares in the ratio of up to 5 fully paid-up equity shares for every 1 existing equity share held by the members of the Company, as on a Record Date to be fixed later. Company also to consider and approve, the sub-division (stock split) of existing 1equity share of the Company into up to 10 equity shares, and to fix the Record Date for the same, if financial approved.

Additionally, company also informed that it will consider and recommend a dividend of up to 50% on the paid-up equity share capital of the Company for the current year, subject to approval by the shareholders.

Company has announced a major diversification into India’s fast-growing electric vehicle (EV) sector — marking a strategic shift from chemicals to clean mobility. Company also plans to approve the proposed expansion of operations of the Company's subsidiary, A-1 Sureja Industries, into new EV-related verticals and allied clean mobility fields, including R&D, battery technology, EV component manufacturing, and smart charging infrastructure.

Recognising the rapid transition toward green energy and sustainable transport, A-1 Ltd has increased existing partnership interest/shareholding in A-1 Sureja industries from 45 % to 51 % at an enterprise value of Rs. 100 crore. A-1 Sureja Industries is a manufacturer of battery-operated two-wheelers under the brand Hurry-E. This move makes A-1 Ltd one of India’s first listed chemical companies to directly hold equity in a certified EV manufacturing enterprise.

Building on a five-decade legacy in industrial-acid trading, distribution, and logistics, A-1 Ltd has established itself as a trusted partner in India’s chemical value chain, known for safety compliance, disciplined capital management, and nationwide reach. Company’s market capitalization as on 10 November 2025 was Rs. 1,999 crore.

By 2028, A-1 Ltd aims to evolve into a multi-vertical green enterprise, integrating low-emission chemical operations with clean mobility solutions. The company’s transformation positions it as a future-ready mid-cap ESG leader with diversified revenue streams, scalable manufacturing capabilities, and rising institutional interest.

India’s electric two-wheeler market has grown at a 35% CAGR (FY 2020–25), surpassing 1.5 million units, and is projected to cross 5 million units by FY 2028. The Hurry-E range targets the Rs. 75,000–Rs. 1.10 lakh price segment — balancing performance and affordability for mass and fleet buyers.The Hurry-E Electric Motorcycle, approved by the Automotive Research Association of India (ARAI), represents the company’s entry into the high-potential electric two-wheeler segment. The model integrates smart Battery Management Systems (BMS), reverse mode, and diagnostic features — designed for daily commuters and fleet users seeking reliability, performance, and affordability.

About A-1 Ltd: https://www.a-1limited.com/

Formerly known as A-1 Acid Ltd, A-1 Ltd is one of India’s leading names in chemical trading, logistics, and distribution, catering to sectors such as pharmaceuticals, textiles, and manufacturing. The company is listed on the BSE mainboard and is headquartered in Ahmedabad, Gujarat.

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