Chemical Company Strengthens Supply Chain With New Nitric Acid Deal; 10:1 Stock Split & 3:1 Bonus Issue Soon

On Friday, A-1 Limited notified the stock exchanges that it had concluded a tri-partite long-term supply agreement for the delivery of concentrated nitric acid in the regular course of business. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), a nationally recognised fertiliser and chemicals major, will be the manufacturer and seller under this agreement, while Solar Industries India Limited and its group companies will be the end users and buyers.

A-1 Limited will serve as the dealer. The agreement includes a committed quantity of 10,000 metric tonnes; additional quantities will be supplied by mutual permission; the supply period is November 2025-March 2026.

The agreement, which is categorized as a long-term supply arrangement, aims to improve volume visibility, bolster A-1 Limited's position as a trustworthy distribution and marketing partner to major, well-known corporations in the specialty chemicals sector, and increase the company's presence in the industrial chemicals supply chain. The company has made it clear that neither the promoter nor the promoter group has any interests in the deal, nor is it a related-party transaction.

In November, A-1 Limited utilized a postal ballot and voting to get members' permission for bonus issues, stock split, increases in authorized capital, changes to the memorandum of association, and investments in A-1 Sureja Industries. During the meeting on November 14, 2025, the board of directors approved all of the proposals, including the 10:1 stock split and the 3:1 bonus issue. The record date and allotment date for the purpose of the same are yet to be fixed.

The Board of Directors took into consideration and recommended issuing bonus equity shares in a 3:1 ratio for the company's shareholders as of the record date, subject to shareholder approval via postal ballot. Additionally, the Board recommended splitting one equity share with a face value of Rs. 10 each completely paid up into ten equity shares with a face value of Rs. 1 each fully paid up owned by the company's shareholders as of the record date, subject to shareholder approval via postal vote. In accordance with the subdivision, the company's equity shares would rise to 46 crore, each worth Rs. 1.

A-voting and postal ballots will begin on November 22, 2025, and conclude on December 21, 2025. Results will be released on or before December 23, 2025. The plan is to raise the company's authorized share capital from Rs. 20 crore to Rs. 46 crore.

The proposal to modify the firm's object clause in order to expand its business of importing and distributing sports equipment has also been authorized by the company board. Additionally, establish a sourcing, supply, and contract manufacturing firm and manufacture pharmaceutical products for the global market.

"A-1 Ltd stock price is bullish on the Daily charts with strong support at 1686. A Daily close above resistance of 1967 could lead to a target of 2850 in the near term," recommended A R Ramachandran, Independent SEBI-registered Research Analyst, Tips2trades.

A-1 Limited has made a name for itself as a reliable partner in India's chemical value chain by drawing on a five-decade record in industrial-acid trading, distribution, and logistics. A-1 Limited aims to transform into a multi-vertical green company by 2028 through the integration of clean mobility solutions with low-emission chemical activities. With a variety of revenue sources, scalable manufacturing capabilities, and emerging institutional markets, the company's reinvention positions it as a future-ready mid-cap ESG leader.