Monday, September 19, 2022

Sony Pictures International Productions onboards Varun Tej for a Telugu-Hindi

Sony Pictures International Productions onboards Varun Tej for a Telugu-Hindi action drama celebrating India’s Air Force

The co-production with Renaissance Pictures is set to go on floors in November 2022

Fresh from the success of its first Telugu-Hindi Bilingual, Major, Sony Pictures International Productions is set to celebrate the might of India once more with Mega Prince Varun Tej starrer action drama inspired by India’s Air Force. He is known for his work in Telugu Cinema and will be making his debut in the Hindi Film Industry with this feature. He rose to fame with Kanche (2015) directed by Krish which earned a lot of recognition.

Based on true events, this untitled film is a patriotic, edge-of-the-seat entertainer, and will showcase the indomitable spirits of our heroes on the frontlines and the challenges they face as they fight one of the biggest, fiercest aerial attacks that India has ever seen.

Speaking about the film Varun Tej said, “I am honoured to have received the opportunity to play the role of an Indian Air Force Officer and celebrate their valour on the big screen. Partnering with global giant Sony Pictures International Productions, Sandeep Mudda and director Shakti Pratap Singh Hada, we strive to make a film that we hope will be a perfect tribute to the Indian Air Force. The script for this film provides a challenge to break out of my previous roles.  As an (IAF)officer, my character has layers that will be interesting for me to showcase in this film. I will be undergoing immense training and I am excited to see how the audiences react to this one.

Mr Lada Guruden Singh, General Manager and Head of Sony Pictures International Productions, India stated, “As a studio we have been finding stories that resonate with India’s triumphs and celebrate its true heroes, which was just seen with our recent film Major. We look forward to delivering on our promise to provide viewers with wholesome entertainment and are thrilled to collaborate with Varun Tej, Shakti Pratap Singh Hada and Sandeep Mudda as they come together to give the audiences a unique first-of-its-kind cinematic experience.”

Producer, Sandeep Mudda, also expressed his delight over working on this project. He said, “I am extremely happy to be part of this movie’s journey but more so, I am proud of the intended output that everyone is working so hard together to deliver on this film. I am certain that the movie will not just be an incredible spectacle packed with action and heart, but it will also evoke emotions like never before. I am happy to have Sony Pictures International Productions back this story along with their unmatched experience in marketing and distribution.”

Produced by Sony Pictures International Productions and Rennaisance Pictures, the film will be directed by Shakti Pratap Singh Hada– a seasoned ad-film maker, cinematographer and VFX aficionado who will also be seen marking his directorial debut with this film. Written by 

Shakti Pratap Singh Hada, Aamir Khan and Siddharth Raj Kumar, the movie will be shot in Telugu and Hindi simultaneously and is expected to go on floors by the end of this year and will have a global release in 2023.

Sony Pictures International Productions, co-headed by Shebnem Askin and Michael Rifkin, is the local-language production arm of Sony Pictures Entertainment’s Motion Picture Group that releases over 30 films annually across 12 territories around the world.

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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...