A-1 Ltd’s EV initiative, A-1 Sureja Industries receives two orders for suppling total of 1,425 EV units

Received two EV orders: 525 low-speed electric motorcycles from Zipnova Enterprise LLP, Ahmedabad, and 900 low-speed electric two-wheelers from Aayushman Engineering, Noida.

Ahmedabad, Gujarat:  19 January 2026: A-1 Ltd’s (BSE - 542012) associated company and part of the group’s electric mobility initiative, A-1 Sureja Industries has received two purchase orders aggregating 1,425 units for the supply of low-speed electric two-wheelers.

The first purchase order has been received from Zipnova Enterprise LLP, Ahmedabad (Gujarat) for the supply of 525 low-speed electric motorcycles, dated 12 January 2026. The second purchase order has been awarded by Aayushman Engineering, Noida (Uttar Pradesh) for 900 low-speed electric two-wheelers, dated 14 January 2026.

These orders further strengthen the order book of A-i Sureja Industries and underscore the growing market acceptance of its electric vehicle offerings, particularly in the affordable and low-speed EV segment. Execution and delivery of the orders will be carried out as per the timelines and commercial terms mutually agreed with the respective customers.

With increasing traction in electric mobility, the Company remains focused on scaling its EV business through timely execution, expansion of distribution reach, and continued product innovation. The Company will keep the stock exchanges informed of any further material developments in accordance with applicable regulatory requirements.

A1 Ltd has recently allotted shares for 3:1 bonus issue (Three bonus equity shares of Rs. 10 each for every 1 equity share of Rs. 10 each fully paid up held by the shareholders of the company). Sub-division of 1 equity share of face value of Rs. 10 each fully paid-up into 10 equity shares of face value of Rs. 1 each fully paid-up held by the shareholders was also completed. The move aimed to enhance liquidity and reward the shareholders.

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. Company is also considering expansion of operations of the company's subsidiary, A-1 Sureja Industries, into manufacturing and distribution of EV and allied clean mobility fields, including R&D, EV component manufacturing, and smart charging infrastructure.

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. A-1 Sureja industries achieved revenues of Rs. 43.46 crore in FY 2023-24 and is now poised for rapid expansion with a projected CAGR of over 250%, transitioning from the R&D stage to commercial rollout.

By 2028, A-1 Limited aim to evolve into a multi-vertical green enterprise, integrating low-emission chemical operations with clean mobility solutions. The Company's transformation positions in a future-ready mid-cap ESG leader with diversified revenue streams, scalable manufacturing capabilities and rising institutional markets.

On 7 November 2025, Mauritius-based, Minerva Ventures Fund has bought 66,500 equity shares of A-1 Ltd at Rs. 1,655.45 per share 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 Limited, a five-decade legacy in industrial-acid trading, distribution, and logistics, transformation positions in a future-ready mid-cap ESG leader with diversified revenue streams, scalable manufacturing capabilities and rising institutional markets.

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