Sunday, February 10, 2019


ALEGRIA 2019
The most awaited annual inter collegiate Campus festival ‘Alegria – The Festival of Joy organised by the Pillai Group of Institutions is all set to regale the youth of India from 5th -9thFebruary 2019 at Dr. K M Vasudevan Pillai Campus. The excitement is palpable all around the Campus at the advent of one of Mumbai’s biggest youth Festivals. As its tagline suggests, it indeed is a time where everyone enjoys themselves to their fullest. In line with the festival’s theme “Cosmos”, the entire Campus will transform itself into a spectacular galaxy from space with creative artwork and installations. The inaugural function will be graced by notable Indians in the field of Space Sciences, Dr. Prakash Chauhan, Director, Indian Institute of Remote Sensing (ISRO) and DRM.Samudriah, Former Deputy Director of Space Applications Center who will inspire the thousands of students present to reach for the stars.

In its 7thedition, the festival is set to surpass everyone’s expectations with an electrifying line-up of events, celebrity appearances, world famous artists and popular judges for its various events.As in the past, the festival continues to be a star studded exciting timeand is expected to witness a footfall of over 50000 students over the five days of the festival.
One of the most thrilling events awaited this year is the concert by AyushmannKhurrana, his very first in Navi Mumbai, on 6thJanuary 2019. He will set the stage rocking with his soulful singing and foot tapping music. Another exciting event during this festival is the gig by comic sensation Zakir Khan, known for hisamazing sense of humour and wit, on 8th of February 2019 which is sure to leave the audiences roaring with laughter.
The events and competitions in this edition of Alegriarange from creative competitions, innovative workshops, music and dance, sports and fitness and many fun events.  The many exciting events taking place include competitions such as ‘DJ Wars’, ‘Face of Alegria’, ‘Group Dance’, ‘Mr. and Ms. Alegria’, ‘MuscleMania’ and many more.
Celebrity judges and appearances include International Dancer Lauren Gottlieb, noted BollywoodactorsWarinaHussain, Jim Sarbh and Shraddha Das, DJ Shaan, Cricketer Surya Kumar Yadav, bodybuilders SangaramChougule and Manoj Patil, fitness expert Olly Esse, comedian Prashasti Singh and many more. Along with this, students can also look forward to some enriching workshops and technical events, giving them an opportunity to learn and excel in something new such as rifle shooting, archery,hackathon, theatre workshops, and calligraphy among others. 
Alegria is known for its hugely popular DJ events and this year the line-up includes world #68 DJ Mariana Bo who will be gracing the festival all the way from Mexico and one of India’s favourite dance music acts, Progressive Brothers on the 9th of February.
Prior to the festival, on 2nd February 2019, as a part of Community Service Day, over 780 residents of twenty two NGO’s were invited to the Dr. K M Vasudevan Pillai Campus and a day long activity was organized for them including lunch, games, music and dance and fun activities.
Dr. Daphne Pillai, Joint Secretary of Mahatma Education Society and Rector of the Campus, says “The aim of this festival is to provide the youth a wonderful platform to exhibit their creativity and extraordinary talents.”
Commenting on the festival, Dr. K.M. Vasudevan Pillai-Founder, Chairman and CEO of the Pillai Group of Institutions said, “We have been successful in showcasing the vast repertoire of talent of the young generation through this festival.”
After completing 6 successful years, this seventh edition of Alegria is all set to take the city by storm. 
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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...