Thursday, October 5, 2023

Amruta Fadnavis Leads CLEANATHON 2023

Amruta Fadnavis Leads CLEANATHON 2023: Mumbai's

biggest beach cleanup drive of the year.

On the morning of September 29, 2023, Juhu Beach witnessed a significant event. Amruta Fadnavis’s Divyaj Foundation, in partnership with Asif Bhamla’s Bhamla Foundation and the Municipal Corporation of Greater Mumbai (MCGM), organised CLEANATHON 2.0, 2023 Ocean Waste Management. Hosted by Mrs. Amruta Fadnavis, the event received widespread support from important figures, political leaders, and Bollywood stars including Rajkummar Rao, Saiyami Kher, Isha Koppikar, Jackky Bhagnani, and Miss World 2017 Manushi Chillar.

Distinguished figures such as Shri Vivek Phansalkar Ji (Hon. Police Commissioner of Mumbai), Shri Iqbal Singh Chahal Ji (Hon. Municipal Commissioner & Administrator of Brihanmumbai Municipal Corporation), Shri Ameet Bhaskar Satam Ji (Hon. Member of Maharashtra Legislative Assembly), Shri Mangal Prabhat Lodha Ji (Hon. Minister of Ministry of Tourism, Ministry of Skill Development and Entrepreneurship), Shri Rahul Narvekar Ji (Hon. Speaker of the Maharashtra Legislative Assembly) and Shri Shrikant Shinde Ji (Member of Lok Sabha), joined this noble cause.

With an estimated 5000 participants, including supporters, volunteers, and dedicated team members, CLEANATHON 2.0, 2023 aimed to raise awareness about marine life conservation and effective waste management practices.

Rajkummar Rao, commenting on his involvement, said, "I'm thrilled to be part of 'Clean-A-Thon 2.0' 2023 – Juhu Beach along with Amruta Fadnavis ji, an event that champions the cause of ocean conservation and environmental stewardship. Our oceans are the lifeblood of our planet, and it's imperative that we take action to protect them. I believe that collective efforts, no matter how small, can create a big impact.”

Mrs. Amruta Fadnavis passionately spoke about how important the event was and she praised the volunteers and participants for their dedication to protect the environment.She stated, "‘Clean-A-Thon 2.0’ 2023 – Juhu Beach marks a significant stride towards safeguarding our environment. It is our collective responsibility to keep our oceans clean and healthy. 'Clean-A-Thon' is not just a clean-up event; it's a potent statement of our unwavering commitment to our environment and a rallying call for everyone to unite in preserving our natural treasures. I am thrilled to be part of this noble initiative and to have taken a step towards a cleaner, healthier planet. I wholeheartedly invite everyone to join this movement, for together, we can ensure that our beautiful planet thrives for generations to come."

Moreover, CLEANATHON 2.0, 2023 has set a benchmark to the youth and citizens, emphasising the importance of creating awareness about Mother Nature and the significance of ocean life. It reinforces the shared duty to keep our environment clean, ensuring a sustainable future for generations to come.



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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...