A-1 Limited has reported substantial progress in its electric mobility venture through its associate A-1 Sureja Industries, which operates under the Yellow EV brand. The initiative aims to build a scalable electric two-wheeler ecosystem through comprehensive product execution, partner-led expansion, and digital enablement strategies.

Order Book Success and Market Traction

The company achieved a significant milestone with confirmed purchase orders during January 2026. The details of this commercial success are presented below:

These orders represent early market validation and strengthen the execution capabilities for the company's EV business segment.

Digital Infrastructure Development

A-1 Limited has prioritized digital enablement as a core component of its electric mobility strategy. The company launched the Yellow EV mobile application to support operational readiness and customer onboarding processes.

The mobile application enables streamlined user onboarding and workflow support, facilitating faster scaling, service coordination, and improved customer experience across the Yellow EV ecosystem.

Strategic Rollout Framework

The company has outlined a comprehensive approach to market expansion focused on the "Made in India, Made for India" philosophy. The subsidiary's initiative emphasizes affordable and reliable electric mobility solutions through a structured operational framework.

Key strategic elements include:

• Partner and franchise-led operating framework
• Assembly and distribution expansion capabilities
• Commercial feasibility assessment protocols
• Execution readiness evaluation processes

The rollout strategy is designed to ensure scalable growth while maintaining operational discipline and market responsiveness.

Future Outlook and Positioning

A-1 Limited expressed confidence in its electric mobility positioning, citing the combination of confirmed EV demand visibility and scalable rollout framework as key strengths. The company believes these factors position the subsidiary to strengthen its electric mobility presence through a phased and disciplined approach to market expansion.

The update represents developments in the ordinary course of business and reflects the company's commitment to keeping exchanges informed of material progress in its electric mobility initiatives.

A-1 Limited announced its quarterly results for Q3FY26, reporting mixed financial performance with revenue decline but maintaining profitability. The company, engaged in trading of acids and chemicals, presented both standalone and consolidated financial results for the quarter ended December 31, 2025.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of Rs. 6,980.76 lacs for Q3FY26, representing a decline from Rs. 7,433.29 lacs in the corresponding quarter of the previous year. Net profit after tax stood at Rs. 96.30 lacs compared to Rs. 99.92 lacs in Q3FY25.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported revenue from operations of Rs. 19,764.37 lacs against Rs. 22,187.45 lacs in the corresponding period of the previous year. Net profit after tax was Rs. 163.04 lacs compared to Rs. 280.77 lacs in the previous year.

Corporate Actions and Strategic Developments

The Board of Directors approved significant corporate actions during their meeting held on February 10, 2026. The company announced a bonus issue of 3,45,00,000 equity shares of Rs. 10 each as fully paid-up bonus equity shares in the proportion of 3:1, meaning 3 bonus equity shares for every 1 existing equity share with record date of December 31, 2025.

Additionally, the Board approved a stock split, subdividing 1 equity share from face value of Rs. 10 each to Rs. 1 each fully paid-up with record date of January 08, 2026. The authorized share capital was increased from Rs. 2,00,00,000 equity shares of Rs. 10 each to Rs. 4,60,00,000 equity shares of Rs. 10 each.

Subsidiary Development

The Board of Directors approved increasing the company's existing partnership interest in A-1 Sureja Industries from 45% to 51%, making it a subsidiary entity. A-1 Sureja Industries is engaged in manufacturing battery-operated electric two-wheelers (EVs).

Audit Committee Changes

The company appointed Mr. Nitin Rikhavbhai Shah and Mr. Suresh Somnath Dave as members of the Audit Committee. The reconstituted Audit Committee now comprises five members with Lajju Hemang Shah as Chairperson, and Chirag Rajnikant Shah, Krishna Utkarsh Patel, Nitin Rikhavbhai Shah, and Suresh Somnath Dave as members.

Consolidated Results

The consolidated financial results, which include the group's share of profit from associate A-1 Sureja Industries, showed similar trends to standalone results. The consolidated revenue from operations was Rs. 6,980.76 lacs for Q3FY26 and Rs. 19,764.37 lacs for nine months ended December 31, 2025. The share of profit from associate was Rs. 1.85 lacs for the quarter and loss of Rs. 7.13 lacs for nine months.