Thursday, September 26, 2019

Post Event Release - Saurabh Daftary of Sangeetam Charitable Trust, ‘Rehmatein -7" A music concert to raise funds for the needy people from music & Cultural fraternity Performance - Ankit Tiwari, Shaan & Papon

Post Event Release - Saurabh Daftary of Sangeetam Charitable Trust, ‘Rehmatein -7" A music concert to raise funds for the needy people from music & Cultural fraternity Performance - Ankit Tiwari, Shaan & Papon

Post Event Release 


Saurabh Daftary of  Sangeetam Charitable Trust, Rehmatein -7
A music concert to raise funds for the needy people from music & Cultural fraternity
Performance *- Ankit Tiwari, Shaan & Papon

Chief Guest- Javed Akhtar ,
With Anup Jalota, Daboo Malik, Jatin Lalit, Salim - Sulaiman, etc

REHMATEIN 7 -  A music concert to raise funds for the needy people from music & Cultural fraternity  

Spearheaded by Saurabh Daftary of  Sangeetam Charitable Trust, This year Ek pyaar ka nagma hai lyrics writer was awarded received an award a was received by Dabboo Malik ,also in the list were Vanraj Bhatia , Arun Das , Roshan Ali Khan Hafeez Khan ,Pradeep Laad and Sana  Aziz


5th September 2019 in Mumbai- This charitable music concert in its first year, raised funds for the legendary composer Khayyam & artist Rajendra Mehta. In the 2nd year, over 40 insurance policies were gifted to musicians & artists in need. 



Now, in its 7th year, the concert had Bollywood's melodious singers- Shaan, Ankit Tiwari & Papon on one platform to donate towards expenses of ailing and deprived community of Singers, Composers, Writers, Poets, Technicians etc. from the music & cultural fraternity. 



This glorious event was witnessed by the entire music industry, music lovers and the most eminent personalities of the city including Anup Jalota , Salim Suleman, Jeetu Shankar , Javed akthar , Sanjay Tandon, etc



Saurabh Daftary of  Sangeetam Charitable Trust said "We have been consistently donating towards this cause for the last seven years.  We propose to raise sponsorship in aid of "Sangeetam Charitable Trust", which has been extending financial support, to Artists from the music & cultural fraternity. We donate Food, Staying and Equipment towards young budding children approx. Rs. 80000/- per person & Help them train at Shri Suresh Wadkarji’s Ajivasan Studio. We help around 10-15 poor and needy children" 


The donor's names are decided by a panel of eminent personalities i.e.:- Padma Shri. Hariharan ji, Mr Anup Jalota, and Mr Saurabh Daftary.

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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...