Thursday, November 17, 2022

Peaceful protest against the current management of Osho Ashram’s sale proposition for about 9800 sq. m (little over 2 acres ) situated inside the premises of OSHO International, Koregaon Park, Pune

 Peaceful protest against the current management of Osho Ashram’s  sale proposition for about 9800 sq. m (little over 2 acres ) situated inside the premises of OSHO International, Koregaon Park, Pune


Spearheaded by Disciples and Lovers of Osho from around India, along with Ex-Trustee and Editor of Osho World, Swami Chaitanya Keerti and other prominent Osho disciples, Head of various Osho Centres like Osho Blessings Meditation Commune, Nanded, Osho Meditation facilitators, intervenors in the ongoing litigation and more


The current management’s sale proposition for about 9800 sq. m (little over 2 acres ) of Osho Ashram’s Basho Area mentioned as Survey 15,16 situated inside the premises of OSHO International, Koregaon Park, Pune; for Rs. 107 Cr. The reason for the sale officially being the losses incurred during COVID-19 lockdown, which is approximately Rs. 3 Cr and paid out of the available fixed deposit. Several Osho disciples intervened at the Court of Charity Commissioner Mumbai (Application no. 2/2020) to prevent this sale as the pretext of financial loss is false, there are allegations of financial mismanagement and siphoning off Trust money into private accounts and shell companies in India and abroad by the Trustees of OSHO International Foundation (OIF), for which we have evidence.



Currently, in the ongoing case, the Charity Commissioner had ordered for a re-bidding for the sale of the same plot as the previous bid done by OIF was rendered improper on various grounds. This 15th of November, the re-bid is to be opened at the CC Office, Worli, Mumbai. Herein, the re-bidding is a cover up of the previous MOU to regularise it. Meanwhile there are writ petitions pending at the Honourable High Court of Mumbai against various misdeeds of OIF, Pune. The hearing of the appeal for a Stay on the sale of Basho area is due this 15th of November. It is a crucial moment in this case.

Only recently, the High Court of Mumbai declared Osho’s Samadhi to be open for all devotees and visitors, inside the OSHO International Pune’s premises. The presence of Osho’s Samadhi was vehemently denied by the Trustees of OIF previously in an affidavit, despite clear evidence for its existence. And Basho area is a part of the Samadhi.
For background reference:




Since the year 2000, there have been many accusations against OIF Trust’s malicious intentions, there are court cases pending for the same as well, some of the allegations are listed below:
a. Forgery of Osho’s Will indicative of criminal intent as CFSL report confirms forgery.
b. Formation of OIF, Zurich and transfer of Royalty money to its newly formed Zurich Headquarters. Was there any permission taken from the GOI and RBI?
 c. Claim of OSHO as not a person but a trademark entirely, incessant attempt to reduce Osho, a person to merely OSHO, a brand and an author.
d. Foreigner inflow was highest in Maharashtra, majorly comprising of Osho Commune visitors, which was forcibly reduced, which is a loss to the State Government as well.
e. Hiked entrance cost abruptly since the year 2000 to discourage the sannyasins from visiting the ashram frequently, removed the Sannyasin volunteers from working at the ashram, instead hired ‘Sodexo’ a hospitality company at a hefty cost for maintenance of Ashram, and all income pocketed by Trustees directly.
 f. Removed Osho’s pictures from all over the Ashram including the Samadhi area and replaced it with a single statue in the entire Ashram in order to prove The Ashram as only a Resort and not a place of worship or sanctity to slowly wind off the entire ‘Osho Movement’ and Osho’s Neo Sannyas Movement.
g. Stopped celebrating Festivals like Guru Purnima, Osho’s day of leaving the body19th January, Osho’s Birthday 11th December, 8th September as MahaParinirvana Diwas and 21st March as Osho’s Enlightenment Day. These celebrations have been customary for several years, under Osho’s guidance. Several video footage is available.
 h. The management has tampered with the Samadhi and played mischief upon all Sannyasins / Disciples. 




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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...