Wednesday, March 8, 2017

Archana Astitwa Awards 2017
a platform that celebrates women ~

Mumbai: The 8th edition of Astitwa Awards hosted by Archana Foundation was held in Mumbai today, on the eve of Women’s day. The Archana Astitwa awards make a delightful and impactful presentation to carry the Archana Foundation legacy forward.

Smt. Amruta Fadnavis graced the evening as the Chief Guest and we witnessed an amazing participation of eminent women including Smt. Rajashree Birla, Smt. Sangita Jindal, Smt.Vijaya Piramal, Smt.Nafisa Khorakiwala, Smt. Ruchira Agarwal, Zarine Khan,  Shruti Sancheti, Ms. Abha Narain Lambha etc.

The evening was a mélange of educative and informative talks, an elegant fashion show by Anju Modi & Farah Khan Ali, the awards presentation and some enjoyable music. The awards were organised celebrate women who have contributed to society in their own way. Archana Astitwa Award is a platform that celebrates women who have not only achieved accolades in their chosen fields, but have also used that as a means to give back to society and help the underprivileged through their efforts.  

Ms.Amruta Fadnavis presented the award to Dr.Malathi Krishnamurthy Holla for her contribution to the society despite being differently abled. She is a Padma Shri & Arjuna Awardee; Malathi is an international para-athlete from Bangalore. She is also the fastest Indian female on a wheel chair. She started participating in various games at college, and today she has taken part in various international events including the Para-Olympics. 

Ms.Nafisa Khorakhiwala presented the award to Ms Dilfaroze Qazi for passionately expanding the cause of education and vocational training for women in Srinagar, Kashmir, despite close shaves with death and the kidnapping of her family members in the valley.

Ms.Sangita Jindal presented the award to Ms Abha Narain Lambah for being involved with the restoration of the most iconic monuments in the country.

Smt.Vijaya Piramal presented the award to Ms Shruti Sancheti for working tirelessly to revive traditional Indian weaves and the indigenous handloom industry. Fashion for her is not just as a means for dressing up the affording but using it as a means to give back to the artisans and weavers who make our fashion possible.

Ms Upasana Makati was awarded the Archana Astitwa Award for using her management, enterprise and entrepreneurship skills to give back to society. Makati invented White Print, India’s only English magazine in braille as a service to the blind.

For their outstanding contribution to the society under the social services category, the following women were awarded:

· Ms. Pooja Taparia for her outstanding work on the issue of Child Sexual Abuse.
· Ms Elizabeth Mehta. - For her incredible contribution in the field of education for the underprivileged with     Muktangan over the last 13 years
· Ms Shalini Jatia for her noteworthy contribution to cancer victims via the Tata Memorial Hospital.
· Ms Priti Patkar - For her remarkable efforts on the issue of human trafficking and her dedication to change      and touch lives working in the red light districts of Mumbai.
Displaying Amruta Fadnavis and Rajashree Birla at the Archana Astitwa Awards 2017.JPGDisplaying Anju Modi at the Archana Astitwa Awards 2017.jpgDisplaying Farah Khan Ali at the Archana Astitwa Awards 2017.jpgDisplaying Nafisa Khorakiwala presenting the Archana Astitwa Award to Dilfaroze Qazi.jpgDisplaying Ruchira Agarwal of Vedanta wiith Upsana Makati of White Print.jpgDisplaying Sangita Jindal presenting the Archana Astitwa Award for Heritage to Abha Narain Lambha.jpgDisplaying Smt. Rajashree Birla presenting the Archana Lifetime Achievement Award to Nalini Somani.jpgDisplaying Smt.Amruta Fadnavis presents the Archana Astitwa Award to Dr.Malathy Krishnamoorthy Holla.jpgDisplaying Vijaya Piramal with Shruti Sancheti.jpgDisplaying Anju Modi at the Archana Astitwa Awards 2017 - 2.jpgDisplaying Anju Modi Fashion Show at Archana Astitwa Awards - 1.jpgDisplaying Anju Modi Fashion Show at Archana Astitwa Awards.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...