A-1 Ltd shares locked at 5% upper circuit after announcing record date for 3:1 bonus shares and 1:10 stock split, boosting liquidity and shareholder value. This multibagger, up 342% YTD, also hiked stake in A-1 Sureja Industries amid EV expansion plans.
A-1 Ltd, a surging multibagger delivering 342% YTD returns, hit 5% upper circuit following the board's approval of shareholder-friendly corporate actions. The record date fix for a 3:1 bonus issue—three ₹10 shares per held share—and 1:10 stock split (₹10 to ten ₹1 shares) aims to enhance liquidity and retail participation, with completion targeted within three months post-approval.
Corporate Action Essentials:
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Bonus ratio delivers triple shares; split boosts share count 10x for broader access.
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Authorised capital increase and MoA amendments support future growth initiatives.
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Strategic investment in A-1 Sureja Industries aligns with EV push, fueling optimism.
These moves capitalize on strong financials, positioning A-1 Ltd for accelerated expansion in high-growth sectors.
Sources: Ventura Securities, Samco.in, Angel One, Business Today.