Tuesday, November 13, 2018

T10 LEAGUE PRESS CONFERENCE IN DELHI

The Press Conference saw the presence of Shaji Ul Mulk, chairman Mulk Holdings and listed in top ten Indians in GCC In Forbes and the 7th richest Indian in Middle East , also the innovator and chairman of T10 cricket league,  Anis Sajan, Virendra Sehwag, Zaheer Khan, Vijay Vyas , Mohammed Morani   

T10 League has created immense interest and excitement with its 10 Over match  format, with the best of cricketers & teams in fray. Tough and thrilling, it is a veritable battle of wits where whoever blinks first ends up paying the price.

Buoyed by the unprecedented success of the first season,  the league added two new franchises in the second season. The Teams named after South Asian Cities and Regions have amassed a fan following and continue to rally support for the ultimate showdown.

The Second season will be held at the Sharjah Cricket stadium and the tournament will be played over a period of twelve days from  21st November to 2nd December 2018. This season of T10 league will have 29 matches through round robin followed by semi-finals and final in a 10-over-a-side format between 8 teams-  Kerala Kings, Punjabi Legends, Maratha Arabians, Bengal Tigers, Karachians, Rajputs, Northern Warriors and Pakhtoons.  

Zaheer Khan, RP Singh, recently-retired Praveen Kumar, S Badrinath and Reetinder Singh Sodhi are among eight Indian players to have confirmed their participation in the second season of the T10 League.

Shahid Afridi, Brendon McCullum and Virendra Sehwag are appointed as League icons. The T10 League matches will be telecast live through Sony ESPN and Sony ESPN HD in India, Ten Sports in Pakistan, Ten Cricket in Middle East and North Africa. It will also stream on SonyLIV.– followed by millions of fans – watching some of the most popular cricket stars in action, like Shane Watson, Shahid Afridi, Eoin Morgan, Rashid Khan, Shoaib Malik, Sunil Narine, Darren Sammy and Brendon McCullum as Icon players.

The galaxy of star players include  West Indian stars Chris Gayle , Kieron Pollard, Dwayne Smith, Afghanistan sensations Mujeeb Ur Rahman, Mohammad Shahzad, Mohammad Nabi, English Stars Jason Roy , Sam Billings  and another 80 top international stars.

In words of Nawab Shaji Ul Mulk, Chairman of the T10 League, “The first edition of the T10 League in 2017 was an exciting experience of launching a completely new concept of 90 minutes cricket. This year, we have incorporated the following positive changes; umpires from ICC panel, Ernst and Young as external auditors, ICC Anti-Corruption Unit to handle the anti-corruption, Roshan Mahanama as Head of Technical committee, Wasim Akram as Director of Talent Hunt programme which will provide talent feed to ECB, Colonel Arvinder Singh has been appointed as the new COO with experience of handling a Famous T20 Format franchisee. Also this time we have passed a regulation that players will not be invited to after parties to eliminate the chances of questionable elements approaching players in such places”




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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...