Tuesday, March 21, 2023

 World’s First-Ever ‘IIFL JITO Ahimsa Run’ to Take Place in 65 Indian and 20 International Locations including US and UK

 


The mega event organised by JITO is expected to make marks in the Guinness World Records, Words Records of India and the Limca Book of Records

 

Mumbai, March 09th, 2023: Jain International Trade Organisation (JITO) has organised the ‘IIFL JITO Ahmisa Run’ to promote peace and non-violence. This is a first-ever such initiative globally. The ‘Ahimsa Run’ is expected to break the records and make marks in: The Guinness World Records, Words Records of India and the Limca Book of Records.

 

JITO, a socio-economic global organization dedicated to Service, Knowledge and Economic Empowerment of the society, has organised this mega ‘Ahmisa Run’ across 65 cities in India and at 20 international locations. The ‘Ahimsa Run’ will take place on Sunday, 2nd April, 2023 at 5.30 AM IST. People from India and across the globe, and from all walks of life and communities, can participate and run for the cause.

 

JITO has organised  ‘Ahimsa Run' as a unique initiative to celebrate the birth anniversary of Shraman Bhagwan Mahavir, the 24th Tirthankar (Supreme Preacher) of Jainism. The event will spread the awareness about importance and relevance of ‘Ahmisa’ (Non-violence) in everybody’s life, which is one of the greatest enunciations of Shraman Bhagwan Mahavir.

 

Elaborating on the theme of the event, Ms Sangeeta Lalwani, Chairperson, JITO Ladies Wing said, “The ‘Ahimsa Run’ is the first ever initiative to connect people from within the country and all across the globe for peace and non-violence, which is essential for building peace-loving communities. This Run will observe the vows of non-violence and re-iterate Shraman Bhagwan Mahavir’s precious teaching that every living being has sanctity and dignity, which should be respected through actions, speech, and thoughts. The goal of this initiative is to help people know the importance of love, forgiveness and sacrifice as forms of non – violence, which are necessary for leading better lives and building harmonious societies”. 

 

“We invite every family from India and Across the globe to participate to mark this historic event for peace and non-violence”appealed Ms Lalwani expecting this event to witness participation numbers in lakhs to mark a world record.

 

Smt Smriti Irani, Union Minister, Ministry of Women and Child Development and Ministry of Minority Affairs greeted the Organisers on this occasion and hailed the cause of the Ahimsa Run. Other eminent personalities like Music Maestro Mr. A R Rahmanformer Cricketer and Member of Parliament Mr. Gautam Gambhir, an ace woman cricketer and a Captain of India Women’s National Cricket Team Ms Harmanpreet Kaur, have welcomed the cause and appealed to people at large to run for peace and non – violence and make the event successful.

 

IIFL is the national grand sponsor of this event with GM and MICRO LABS as the co -sponsors. 

 

On the occasion of ‘Lakshya’ programme, the JITO dignitaries announced this historic global event  in the presence of luminaries like Mr Nirmal Jain, Chairman of IIFL, Mr Ramesh Jain, Chairman of GM, Mr Dilip Surana, Chairman and Managing Director of MICRO LABS were present along with eminent dignitaries from JITO Mr Sukhraj Nahar, Chairman, Mr Rajendra Jain, Vice Chairman, Mr Abhaya Shrishrimal, President, Mr Kantilal Oswal, Vice President, Mr Kushal Bhansali, Vice President, Mr Manoj Mehta, Secretary General, Mr Sanjay Jain, Secretary), Mr Sanjay Lodha, Secretary), Mrs Sunita Bohora, JITO Ladies Wing Director – in – Charge and Mrs Sangeeta Lalwani, Chairperson of JITO Ladies Wing.

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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...