Monday, December 26, 2016

 CHRISTMAS IN MALAD WAS A FUN & FROLIC SUNDAY
ASLAM SHAIKH (MLA OF INDIAN NATIONAL CONGRESS) SPEARHEADED "MALAD MASTI’ FREE STREET EVENT IN MALAD

Residents of Malad woke up to a bright Sunday morning, Malad street turned into a no vehicle zone for a family fun day with Sports, Games, Yoga, Music, Dance, Food, Fun & Frolic, Arts & Crafts.

To bring the local residents together on a Sunday morning, the local residence of Malad had come together with a module call "Malad Masti’, a neighbourhoods free street event in Malad.

Singing sensations Toshi Sabri and Sharib Sabri performed and made the crowd groove to their tunes. There was also Christmas Salsa performance by Raunaque. The event saw the presence of Pooja Banerjee & Meiyang Chang.

The street turned into a huge black board for many children; it was a playground for some others; a platform to showcase talents for school and college students; and a workout area for those interested in yoga and fitness programmes.

"Malad Masti" had organized different sports activity including-  Dj Music, Flash Mob, Zumba, Aerobics, Badminton, Cricket, Football etc. Sunday morning saw cyclists, skaters, dancing groups and joggers occupy a 2.5-km stretch of the Mindspace road.

The street was chocked-full by various dancing and fitness groups who educated citizens for a healthy life. But for a group of 12 young skaters,Sunday morning was like a dream come true. They finally had smooth and open space to test their skills without fear of speeding vehicles.

Over hundreds of women, conducted yoga for an hour. Students gave an enthralling band performance. And members of Laughter Club also occupied a space on the vehicle-free road. And, students also marched in with a band performance. A mind blowing performance, street play,  by some students, music and races for children were some of the other activities.

The strong team  worked day in and out to make this free street dream a reality. Speaking about the street event in Malad, Aslam Shaikh said " "The event will not only bring the residents together but also bring back the childhood memories and help today’s generation children to play freely and reclaim the street".
Displaying 1. Aslam Shaikh IMG_6320.JPGDisplaying 3. Aslam Shaikh with Pooja Banerjee IMG_6404.JPGDisplaying 4. Sharib & Toshi with Aslam Shaikh IMG_6382.JPGDisplaying 6. Aslam Shaikh with Pooja Banerjee and Chang  IMG_6414.JPGDisplaying 7. Sharib & Toshi IMG_6400.JPGDisplaying 8. Sharib & Toshi  Performing IMG_6377.JPGDisplaying 9. Sharib & Toshi  felicitated by Aslam Shaikh IMG_6392.JPG

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...