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, dated 14 January 2026, has been awarded by Aayushman Engineering, Noida (Uttar Pradesh), for 900 low-speed electric two-wheelers.
With increasing traction in electric mobility, the Company remains focused on scaling its EV business through timely execution, expanding its distribution reach, and continuing 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). The move aimed to enhance liquidity and reward the shareholders.
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. The company 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.
