Showing posts with label IFTPC expresses wholehearted support to Break the Chain-2 guidelines and fondly hope that initiative will definitely be successful. Show all posts
Showing posts with label IFTPC expresses wholehearted support to Break the Chain-2 guidelines and fondly hope that initiative will definitely be successful. Show all posts

Monday, April 19, 2021

IFTPC expresses wholehearted support to Break the Chain-2 guidelines and fondly hope that initiative will definitely be successful


IFTPC expresses wholehearted support to Break the Chain-2 guidelines and fondly hope that initiative will definitely be successful


IFTPC has intimated to all the stakeholders in the industry to follow guidelines in true spirit and ensure that the spread of Corona is restricted totally. Accordingly, the M&E industry will be closed for the next 15 days.

IFTPC appealed for the following from the CM Sh Uddhav Thackeray.

The post-production work which is done in a studio facility in a closed environment be allowed to function, so that the already shot portions of the content are edited and completed for final broadcasting. The telecast of fresh episodes is essential to keep the people who are forced indoors due to the lockdown are entertained with fresh content. This will reduce their anxiety and depression to considerable effect.

There are many sets that are already being built that will become unserviceable due to the closure and the Producers will have to suffer huge losses. To avoid the same, setting work may be allowed to continue just as you have allowed construction workers subject the workers being allowed to stay at the set with all precautions. This will also help the workers who are largely migrant workers to get a safe abode and wages in these difficult times.

The financial package announced by you to the needy doesn’t mention the M&E workers, technicians, and actors who are basically daily wage earners. We would request you to kindly include these helpless workers and actors in your scheme. If required we can share the list of such workers and actors with full details. Please note small-time actors especially in regional space earn a pittance in wages.

As you have emphasized the need for vaccination of all workers, vaccination centers at the Film City and in Mira- Bhayander region specially catering to Film & TV workers will be highly appreciated. Any help in this matter will be provided by IFTPC

"We believe the fight with the dreaded Corona will be a long-drawn one. Hence, we already have started working on the same and will submit a detailed operational plan for the industry in the coming days. Though we fully support the present lockdown we request a meeting with you to chalk out a plan in case the government decides to extend the present lockdown. Considering the contribution of the industry to the wellbeing of people by providing quality entertainment in these tiring situations, we should actually be considered as frontline workers. Since the working conditions and format is akin to a news channel, we shall also be treated on par as an essential service. We reiterate that we fully support you and will follow the guidelines in a true spirit and earnestly request you to kindly accept our request as above and oblige" says Mr. JD Majethia (Convenor-CCMEI) -Chairman (TV-WEB) IFTPC

Members of the Co-ordination Committee:
Mr. JD Majethia (Convenor-CCMEI) -Chairman (TV-WEB) IFTPC,   Dr. Amol Kolhe MP,       Mr. Aadesh Bandekar

Mr. Gaurav Banerjee- Star TV,  Mr. Danish Khan-Sony TV, Mr. Amit Shah-Zee TV,   Ms. Manisha Sharma-Colors

Mr. TP Agarwal-President, IMPPA, Mr. Sangram Shirke-President, WIFPA, Mr. Nitin Vaidya-Director-IFTPC,    
                                                                                                                Mr. Nitin Tej Ahuja-CEO, PGI,      Mr. Ashoke Pandit-President-IFTDA, Mr. Ashoke Dube-Gen Secretary-FWICE,       & Mr. Amit Behl-Sr. Jt. Secretary-CINTAA

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...