Monday, December 9, 2019

MALAD MASTI ONE OF THE MUMBAI’S BIGGEST STREET FIESTA CELEBRATING ITS 4TH YEAR IN A MUCH GRANDEUR SCALE

ASLAM SHAIKH (MLA OF INDIAN NATIONAL CONGRESS) SPEARHEADED "MALAD MASTI’ FREE STREET EVENT IN MALAD

Himesh Reshammiya promoted his film Happy Hardy and Heer and performed a live in concert for the residents of Malad, also present was a social media sensation Jannat Zubair Rehmani.

Malad Masti & Aslam Shaikh supports their #fightagainstmalnutrition.

8th December 2019 - December’s early morning Residents of Malad woke up to a bright Sunday, Malad street turned into a no vehicle zone for a family fun day with Sports, Games, Yoga, Music, Dance, Food, Fun & Frolic, Arts & Crafts.

Malad Masti is celebrating its 4th year and is one of Mumbai's biggest street fiesta when it comes to entertainment, gathering, Bollywood celebrity spotting. Sonu Sood, Zarine Khan, Maniesh Paul, Krushna Abhishek, Ankit Tiwari, Meet Bros, Toshi Brothers, Siddharth Nigam, Arjun Bijlani and many other Bollywood and TV celebs have been seen previously gracing their presence.

Like every year this year too It was a fun and gaming Sunday morning again on the usually congested roads of Malad back road when it morphed into a picture of calm as Aslam Shaikh, MLA Malad helped residents of Malad to reclaim a stretch of this suburban neighborhood.

Himesh Reshammiya along with the cast of Happy Hardy and Heer was seen performing live in concert for the residents of Malad. His performance included the famous songs from the film.  

Aslam Shaikh, MLA of Malad said "The campaign is all about getting the people to enjoy the city that belongs to them. This is the third year since we are doing Malad Masti and almost more than 50,000 people participated. We provide them with every possible safety and security, we have volunteers, police to take care of the participants. When people come for this fest they come with a positive vibe, leave all their problems behind and come in search of joy. It’s nearly impossible for residents of Mumbai to witness a big fest like Malad Masti and to also witness the presence of so many celebrities.’’

Further speaking about the campaign that Malad Masti is supporting, he says "there are more than 11,000 people who are malnourished which includes kids and women. We have also invited the NGO’s who look after the malnourished kids and women. The concept of Malad Masti is to celebrate the Indian culture where every Indian no matter what caste or religion they belong, they come together and have fun". 

For the entire duration of the event, Malad's back road turned into a vehicle-free zone. In the build-up to the program, no vehicles were allowed to be parked on the road. Participants and those coming for the event from distant locations were encouraged to use public transport so as to reduce traffic congestion in the area.









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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...