Daijiworld Media Network – Mumbai
Mumbai, Nov 11: A-1 Ltd’s shares continued their stellar rally on Tuesday, hitting the 5% upper circuit for the third consecutive session at Rs 1,824.95 apiece on the BSE. The surge came after Mauritius-based Foreign Portfolio Investor Minerva Ventures Fund acquired a significant stake in the company through a bulk deal.
According to BSE data, Minerva Ventures Fund bought 66,500 equity shares of A-1 Ltd at Rs 1,655.45 per share on November 7, 2025, for a total value of Rs 11 crore. The shares were acquired from the open market.
As of September 30, 2025, the promoter group held a 70.03% stake in A-1 Ltd. The combined holding of Foreign Institutional Investors and FPIs rose from 2.94% in March 2025 to 6.03% by September 2025, and the recent transaction is expected to further boost foreign investor participation.
The company has informed that its board will meet on November 14 to consider a bonus issue of up to 5:1, a 1:10 stock split, and a dividend of up to 50% on its paid-up equity share capital, subject to shareholder approval.
A-1 Ltd has also announced a major diversification into the electric vehicle sector, marking a strategic shift from chemicals to clean mobility. The company plans to expand the operations of its subsidiary, A-1 Sureja Industries, into EV-related areas such as battery technology, R&D, component manufacturing, and smart charging infrastructure.
It has also raised its stake in A-1 Sureja Industries from 45% to 51% at an enterprise value of Rs 100 crore. A-1 Sureja Industries manufactures battery-operated two-wheelers under the brand name Hurry-E.
A-1 shares have delivered impressive returns, rallying 77% in one month, 165% in three months, and 241% in six months. On a year-to-date basis, the stock has surged 332%, delivering over 3,000% returns in the past five years.
At 12:05 PM, A-1 stock remained locked in the 5% upper circuit at Rs 1,824.95 on the BSE.