Wednesday, November 22, 2023

Fashion Forever – towards a stylish and sustainable future

Fashion Forever – towards a stylish and sustainable future

 The Swedish Embassy in Delhi hosts a Sustainable Fashion Show

 

Hyderabad: November 22, 2023: The Embassy of Sweden hosted a fashion show focusing on sustainability and circular economy - a tribute to India and Sweden’s mutual interest in sustainable fashion. The event also celebrated 75 years of diplomatic relations between Sweden and India.


The show brought together outfits made from India’s eco-friendly & hand-spun khadi fabric, as well as Swedish sustainable textiles and smart materials. A strong set of innovative textile pieces was showcased: clothes that are made from forest slag products and recycled shirts, clothes that dissolve in high-temperature water; and even clothes that communicate with the wearer through an integrated camera – especially targeting fashionistas that are hearing and visually impaired.

 

Speaking on the occasion, Jan Thesleff, Sweden’s Ambassador to India said: “The Swedish fashion scene has experienced a remarkable transition thanks to the combined efforts of designers, industry, and academics who are dedicated to developing a circular fashion sector. The event “Fashion Forever” demonstrates Sweden’s commitment to sustainable development by showcasing the cutting edge of eco-friendly materials and clothing.”


The show was curated and mentored by Sunil Sethi, Chairman, Fashion Design Council of India, with collections from the Centre of Excellence for Khadi, and a strong set of Swedish fashion brands: H&M, Lindex as well as the Swedish School of Textiles. A special collection named ‘Kajsa’ was designed and created by the Centre of Excellence for Khadi (CoEK) with so mark the diamond jubilee of Sweden-India relations. CoEK is set up by KVIC- Ministry of MSME in association with NIFT.

 

Yanira Ramirez, Country Sales Manager, H&M India said: “Our collection ‘Innovation Stories’ represents a new era of style deeply rooted in sustainability. We strive to reshape the way we create and consume fashion, and this partnership reflects not only a celebration of our shared history but a bold step towards a more sustainable and stylish tomorrow.”


Anna-Karin Dahlberg, Director of Sustainability at Lindex, said: “As a major player in the fashion industry we not only have a lot of responsibility but also have great opportunities to make a difference and contribute to the transformation of the fashion industry. We are happy to see the steps that some of our partners in India are taking within social and environmental sustainability”.

 

The event also featured a special collection by the Swedish School of Textiles focusing on bio-based material and smart wearable textiles assisting blind and deaf people.  


"The garments have been remade from old clothes such as used workwear. We will also show garments made from new, sustainable materials such as paper yarn. In addition, we want to show the groundbreaking possibilities of smart textiles as textiles and clothing are also important in medical technology," said Susanne Nejderås, Textile Strategist at Science Park Borås and the Swedish School of Textiles at the University of Borås.

 

The exhibition ‘Fashion. Forever.’, produced by the Swedish Institute, was also showcased at the event. The exhibition provided an overview of innovations from Sweden's foremost fashion pioneers.


 

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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...