Logistics and chemical trading company A-1 Ltd on Saturday announced that its board will meet next week to consider a bonus issue, a stock split and a proposal to expand into electric vehicles and clean mobility.

The company has proposed a bonus issue of 5:1, issuing five shares for every one share held by shareholders, and division of the existing one equity share into up to 10 equity shares, as per an exchange filing.

The board will also consider and recommend a dividend of up to 50 per cent on the paid-up equity share capital of the company for the current year in a meeting to be held on November 14.

The Ahmedabad-based company also said that it plans a major diversification into India's fast-growing electric vehicle (EV) sector, marking a strategic shift from chemicals to clean mobi

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