Wednesday, October 16, 2019

30th Macao International Fireworks Display Contest unveils champion

30th Macao International Fireworks Display Contest unveils champion

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30th Macao International Fireworks Display Contest unveils champion
Japanese Team brings the top prize home

Mumbai, 15th October 2019: Themed as “Duo Celebrations for Macao”, the 30th Macao International Fireworks Display Contest (the “Contest”) culminated in splendor on 5th October 2019. Throughout the Contest, twelve fireworks teams presented their spectacular shows with unreserved efforts to compete for prizes to bring home. The top prize went to Marutamaya Ogatsu Fireworks Co., Ltd. from Japan, followed by the fireworks teams from China (Liuyang New Year Fireworks Trading Co., Ltd.) and France (SAS BREZAC Artifices) as first and second runners-up.   
Australian teams set the night sky ablaze. Director of Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, and Deputy Director Ricky Hoi joined the ceremony with jury members and other personages and presented awards to the winners.
In addressing the ceremony, Director Senna Fernandes expressed that the Contest covered the Mid-Autumn Festival, the National Day and the 1st October Golden Week with twelve fireworks shows this year, carrying on the festive ambiance that enlivens the city annually. The four outreach programs including the Photo Contest, Student Drawing Contest, Poster Design Contest, and Video Production Contest extended the scope of cultural and creative works from two-dimensional to the stereoscopic and auditory form of expression. The Office also supported community organizations to organize a weekend workshop program and immerse local participants in a palette of artistic experiences through a variety of activities. She is excited to see residents and visitors cast vote enthusiastically in the online poll of “My Favorite Fireworks Team”. She hopes that following the momentous 30th edition, the Office can continue to enhance and add value to the Contest, which can progress with broader new partnerships, joining hands with members of different circles to enrich the programs of local events and activities and develop new leisure elements so that the tourism industry of Macao and the Guangdong-Hong Kong-Macao Greater Bay Area can gain an infinite momentum to move forward.
Various internationally-acclaimed and experienced fireworks companies worldwide are invited to join the Contest every year. Instead of inviting ten teams to perform on five fireworks evenings, the Office arranged for twelve teams to dazzle on six fireworks nights for the first time. Every fireworks company choreographed their fireworks displays to the background theme song “Light your fire” around the theme of “Duo Celebrations for Macao”, bringing their thoughtful ideas to life. The twelve teams came from different countries as follows (in chronological order): Malaysia, Philippines, Portugal, Korea, United Kingdom, Romania, South Africa, Canada, France, China, Japan, and Australia.
The Contest culminated in the splendor of fireworks presented by the teams from Japan and Australia, which added festive vibes in the city during the 1st October Golden Week. Different vantage points on the Macao Peninsula and Taipa were bustled with spectators. Besides the Fireworks Carnival, the 4th Macau International Lantern Festival was held along the Waterfront Promenade of One Central Macau and Wynn Macau, as well as Anim’Arte Nam Van, all of which were great places for fireworks watching this year.
Since the inaugural edition unveiled by MGTO in 1989, the Macao International Fireworks Display Contest has developed into one of Macao’s signature mega-events and drawn a vast number of spectators from around the world to Macao every year. Filled with a kaleidoscope of highlights, the Fireworks Carnival was also staged every fireworks evening as an annual side activity of the Contest. In addition, the Office organized the first-ever fireworks seminar to open the eyes of the public to preparations behind the curtain of the fireworks event.
Dedicated to presenting mega-events and activities vibrant with wonderful and innovative experiences, MGTO continues to spice up local events with new elements to enhance the level of performance as well as enjoyment and involvement among residents. In collaboration with public departments, entities, and community organizations, MGTO will continue to enrich the program of the Contest to enhance its level of attractiveness and coverage.
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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...