Thursday, October 3, 2019

4th International Film Festival & Awards‧Macao will commence in December

 4th International Film Festival & Awards‧Macao will commence in December

4th International Film Festival & Awards‧Macao will commence in December
~ Renowned Indian Filmmaker Karan Johar joins as Festival Ambassadors~
~Popular Korean boy band EXO’s leader Suho joins as Talent Ambassador~
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The 4th International Film Festival & Awards‧Macao (referred to as “IFFAM” or the “Film Festival”) will be staged from 5th to 10th December this year. As an annual international event in Macao, the Film Festival will continue to push forward the development of Macao’s film, cultural and creative industries, enhance exchange opportunities with international movies as well as unveil a wider landscape for the development of cultural and artistic platforms, tourism and other fields. Following the announcement of featuring best actress in Chinese cinema, Carina Lau, as the first Talent Ambassador of this year’s IFFAM earlier, the IFFAM Organizing Committee announced yesterday (30th September) the appointment of Karan Johar (KJo), an Indian film director, producer, screenwriter, costume designer, actor and television personality, as Festival Ambassador along with Kim Jun-myeon (Suho), leader of the popular Korean boy band EXO, as Talent Ambassador.
The International Film Festival & Awards‧Macao celebrates the extraordinary contributions of filmmakers to the Asian film world and pays special tribute to classic film works while enhancing the experience Macao has to offer as an international city and showing to the world the city’s diverse new dynamic of cultural and creative development.
In this edition of IFFAM, famous Hong Kong director Peter Chan will be Jury President of the Competition; acclaimed best actress of Chinese films, Carina Lau, and famous Korean star Suho will be Talent Ambassadors; Wang Xiaoshuai (China), Kim Yong-Hwa (Korea) and Karan Johar (India) will be Festival Ambassadors.

In addition, the Film Festival will feature a new competition “Shorts” this year, whereas five new accolades including Best Film, Best Director, Best Screenplay, Best Actor and Best Actress will be conferred to commend prominent filmmakers of Chinese films in “New Chinese Cinema”.

Organized by Macao Government Tourism Office (MGTO) and the Macau Films & Television Productions and Culture Association (MFTPA), the Film Festival is committed to becoming a major gathering for international filmmakers to enhance cultural exchange, while putting forward Asian film talent and film works onto the global stage. Many eminent film stars were invited to join IFFAM as Talent Ambassadors in the past editions, including (in chronological order) Jang Keun-Suk, Rhydian Vaughan, Jeremy Renner, Donnie Yen, Miriam Yeung, Doh Kyung-Soo (D.O.), Nicolas Cage, Aaron Kwok, and Lim Yoon A.
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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...