Thursday, October 19, 2023

PREITY G ZINTA WILL HOST AN EXCITING WEEKEND OF EVENTS IN BIRMINGHAM TO CELEBRATE DIWALI - THE INDIAN FESTIVAL OF LIGHTS

MAYOR OF THE WEST MIDLANDS ANDY STREET & INDIAN ICON PREITY G ZINTA WILL HOST AN EXCITING WEEKEND OF EVENTS IN BIRMINGHAM TO CELEBRATE DIWALI - THE INDIAN FESTIVAL OF LIGHTS


Preity G Zinta - one of the most beloved and recognizable stars of Indian Cinema - is coming to Birmingham in November to mark Diwali. She will be welcomed by the Mayor of the West Midlands Andy Street and both Andy and Preity are set to preside over a weekend of events on Saturday 4th and Sunday 5th November 2023 - in conjunction with the Consulate General of India.

Andy Street, Mayor of the West Midlands, said: “Diwali is a special time for the Indian diaspora, and communities right across our region are looking forward to celebrating the Festival of Lights. From the very outset of my time as Mayor, the WMCA has worked closely with local groups and the Consulate General of India to mark this occasion in suitably grand style - with dance, special guests, and entertainment. This year, events will be spread across the weekend of Saturday 4th and Sunday 5th November including a star-studded gala dinner at Millennium Point with Bollywood star turned self-made businesswoman Preity Zinta and a cultural programme at Birmingham Town Hall. I look forward to seeing local people at the festivities and joining in the celebrations myself.”

Preity G Zinta’s life story has captivated audiences worldwide including across the Subcontinent, Asia & the Middle East. The winner of two Film Fare awards (India’s equivalent of the Oscars), she is perhaps most fondly remembered for her role in the legendary film ‘Veer Zara’ among many other blockbusters. Now based in LA, Preity has achieved considerable success in the world of business - becoming one of the richest self-made Indian females on the planet thanks to her investment interests, production company, and co-ownership of the PUNJAB KINGS cricket team in the IPL. A former UN AIDS ambassador and was on the Global Entrepreneurs Council for UN., she has undertaken extensive charity work which she continues to this day.

She is expected to be honored by some of the city’s leading civic and educational institutions - and will no doubt get a rapturous reception from the hundreds of Indian students enrolled at Birmingham colleges and universities as well as the city and wider region’s substantial diaspora. Preity’s last appearance in the UK was over a decade ago when she spoke to Oxford University students at the Oxford Union Society.

Preity speaking about her forthcoming visits has said ‘I’m very excited to be part of the Diwali celebrations in Birmingham. Looking forward to meeting all the wonderful people there and celebrating the Festival of Light with them.’

Saturday 4th November

Preity will tour the burgeoning creative district of Digbeth - home to Peaky Blinders creator Steven Knight’s Digbeth Loc studios, the Creative Content Hub at The Bond, and a host of film & media schools. The intention is to showcase the area’s potential for attracting filmmakers from around the globe - including the multibillion-dollar Bollywood film industry and to explore opportunities to forge links and partnerships.  

Drinks & networking reception at Millennium Point

Evening gala dinner at Millennium Point
Dress code - black tie or traditional dress.
Diwali Dinner with Preity G Zinta at Birmingham’s landmark Millennium Point is expected to attract over 250 guests including business leaders, political dignitaries, and special guests from the UK, India, and the global Indian diaspora with evening speeches & entertainment.

Sunday 5th November

Cultural Programme at Birmingham Town Hall
A free-of-charge Community Event open to the public.
Preity G Zinta is set to make a guest appearance on stage to light the divas.

About Diwali- Diwali is the five-day Festival of Lights, celebrated by millions of Hindus, Sikhs, and Jains across the world. For some, it also coincides with harvest and New Year celebrations and is a festival of new beginnings and the triumph of good over evil and light over darkness.

The festival usually occurs between October and November, with the date changing each year. This year Diwali takes place over five days with the main day of celebration on Monday 12 November.

The word Diwali comes from the Sanskrit word Deepavali, meaning "rows of lighted lamps". Houses, shops, and public places are decorated with small oil lamps called diyas, as well as fireworks being used to add more light and excitement to the occasion.  
 
Each religion marks different historical events and stories.  
 
Hindus celebrate the return of deities Rama and Sita to Ayodhya after their 14-year exile. They also celebrate the day Mother Goddess Durga destroyed a demon called Mahisha.  
 
Sikhs particularly celebrate the release from prison of the sixth guru Hargobind Singh in 1619. But Sikhs celebrated the festival before this date. In fact, the foundation stone of the Golden Temple at Amritsar, the most holy place in the Sikh world, was laid on Diwali in 1577.  
 
The founder of Jainism is Lord Mahavira. During Diwali, Jains celebrate the moment they reach a state called Moksha (nirvana, or eternal bliss).

About the West Midlands- At the heart of England, is the vibrant and culturally diverse region that is the West Midlands, home to nearly three million people. Nestled in the central part of the country, the West Midlands is a treasure trove of history, innovation, and creativity. From its bustling cities to its tranquil countryside, this region has something to offer everybody. It is a proud diverse community, that makes it the perfect place to celebrate the Festival of Lights, especially with its substantial South Asian diaspora community that makes it so unique.
 
Andy Street serves as elected Mayor of the West Midlands, a region that is shy of bringing the community together and putting on a show, demonstrated by the roaring success of the 2022 Commonwealth Games hosted in Birmingham.  
 
The games brought together different races, genders, ages, and faiths to celebrate a historic time for a jubilant city. Tangibly, the legacy of the games lives on as you walk through Birmingham New Street and view “Ozzy” the mechanical bull who was a fan favorite during the games after being introduced during the opening ceremony. However, the legacy of the games is prevalent in so many other ways, including spirit, collectiveness, and pride in our region.
 
This Diwali celebration is the perfect opportunity to extend this feel-good feeling, as the West Midlands is an openly proud region rife with diversity, we are excited to be able to bring the community together and help ignite the excitement surrounding the Festival of Lights. 

Instagram Caption- Mayor of the West Midlands Andy Street & and Indian icon Preity G Zinta @realpz will host an exciting weekend of events in Birmingham to celebrate Diwali - the Indian festival of lights

#PreityZinta #Diwali #WestMidlandsAndyStreet #Birmingham

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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...