26, Aug 2024
Behind the Lens with Nag Ashwin: Prime Video Takes Fans Behind the Curtains of Kalki 2898 AD

Kalki 2898 AD

Prime Video recently launched an exclusive video interview with the visionary director Nag Ashwin, who takes audiences on a behind-the-scenes journey into the making of his genre-bending blockbuster film, Kalki 2898 AD. In this special interview, Ashwin sheds light on his creative process, candidly answering some of the most burning questions about the film. With stunning visuals and high-octane action sequences, his detailed insights reveal the meticulous effort that went into crafting this larger-than-life cinematic experience.

In this exclusive interview, director, Nag Ashwin offers a glimpse into the making of the film, starting with the breathtaking opening sequence that introduces Prabhas as Bhairava. He reveals Kamal Haasan’s relentless quest for perfection in bringing Supreme Yaskin to life and unravels the intense, high-stakes process behind directing Deepika Padukone’s fiery, Mahabharata-inspired scene. Ashwin also delves into the heart-pounding challenges of filming the epic face-off between Amitabh Bachchan and Prabhas, highlighting the cutting-edge VFX and choreography that made it all possible. He openly shares his starstruck moments working with legends like Kamal Haasan and Amitabh Bachchan, praising their unmatched professionalism. The interview is packed with jaw-dropping trivia about the film’s star-studded cameos, including Dulquer Salmaan, Mrunal Thakur, and Vijay Deverakonda, and Ashwin reflects on the surreal experience of directing iconic filmmakers SS Rajamouli and Ram Gopal Varma.

Produced by Priyanka Dutt, C. Aswani Dutt, and Swapna Dutt, under the banner of Vyjayanthi Movies, Kalki 2989 AD features a powerhouse ensemble cast, including Prabhas, Amitabh Bachchan, Kamal Haasan, Deepika Padukone, and Disha Patani, among many others. This action-adventure film is now streaming in Telugu, Tamil, Kannada, and Malayalam on Prime Video in more than 240 countries and territories worldwide.

26, Aug 2024
Ishq Jabariya Actress Kamya Panjabi: Real Equality Means Every Day is a Celebration

Kamya Panjabi, known for her candid and heartfelt approach, has shared her thoughts on equality as we celebrate Women’s Equality Day. Reflecting on both general and industry-specific aspects, Kamya, the Ishq Jabariya actress, also highlights how the portrayal of women has evolved over time.

KP

Opening up about her views on celebrating Women’s Equality Day, Kamya Panjabi shared, “We talk about it and celebrate it, but the truth is, if we achieved real equality, every day would be a celebration. It wouldn’t be limited to a specific day or occasion. Unfortunately, we still have a long way to go in society. Even though people say things have changed, deep down, we know there’s still a lack of trust and faith. I often feel that the idea of equality is more of a joke for those who don’t see the bigger picture.”

She added, “In the entertainment industry, it’s even more complicated. People are more focused on maintaining their status rather than supporting each other. This lack of support and insecurity holds us back. It’s high time we start supporting each other, especially in such a competitive field. Entertainment is about entertaining the audience, but it also has the power to convey social messages. We need to come together to create meaningful content while supporting each other.”

When asked about the depiction of women in television shows, the Ishq Jabariya actress shared, “There was a time when women were often portrayed as weak, but even then, they managed to support their families while standing firm on their own. Times have changed drastically, and now we see a more powerful side of women onscreen. Look at any heroine on television—she never gives up, never loses courage, and keeps moving forward.”

She added, “My character, Mohini, is very strong—powerful and determined. My show, Ishq Jabariya, also explores the conflict between two women and how they can sometimes bring each other down. That said, our lead, Gulki, played by Sidhhi Sharma, is another strong woman who doesn’t give up and is always ready to fight for her rights. Both these women are strong but in their own unique ways.”

On the work front, Kamya is currently winning hearts as Mohini, Aditya’s bua, in Sun Neo’s Ishq Jabariya. The show features Kamya Panjabi, Siddhi Sharma, and Lakshya Khurana in pivotal roles. Ishq Jabariya, airing on Sun Neo, is a heartwarming love story about Gulki (Siddhi Sharma), a cheerful young woman who dreams of becoming an air hostess.

26, Aug 2024
News18 Lokmat’s Krishi Ratna Sanman honours outstanding achievements of Maharashtra’s farmers

News18 Lokmat’s Krishi Ratna Sanman, a prestigious recognition platform that honours and celebrates the outstanding achievements of Maharashtra’s farmers was held in Pune. The awards ceremony recognised twelve exceptional farmers for their noteworthy contributions to agriculture and innovative farming practices. The event underscored the vital role of progressive farming in shaping the state’s agricultural landscape.

news

The event was graced by the Agricultural Minister of Maharashtra, Dhananjay Munde, who was the chief guest of the evening. The farmers were felicitated for their exceptional achievements in various areas of agriculture like water conservation, organic farming, sustainable crop practices, and the use of technology for farming. The awardees included Dilip Bajgude, Seema Jadhav, Vijay Daud, Dr. Manmohan Bajaj, Harishchandra Desai & Mithilesh Desai, Ganesh Rathod, Priyanka Shelke, Dr. Somnath Mane, Ujjwal Patil, Prakash Kini, Nilesh Gosavi, and Gyaneshwar Bodake.

In his speech, Dhananjay Munde praised the farmers for their hard work and commitment to improving farming quality and efficiency in Maharashtra. He highlighted the importance of innovation in agriculture, stating, “These farmers are the backbone of our economy and our future.”

The event was Co-Powered by Finolex Pipes & Fittings, Reliance Industries Ltd, with Finance Partner Money 2 Me Finance Pvt Ltd, and Special Partner Poorva Chemtech Ltd & Pawak Food Products Pvt Ltd, Associate Sponsors Maharashtra State Seeds Corporation Limited and Rambandhu Masale

26, Aug 2024
Alembic Pharmaceuticals announces USFDA Final Approval for Betamethasone Valerate Foam, 0.12%

26th August 2024, Mumbai: Alembic Pharmaceuticals Limited (Alembic) announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Betamethasone Valerate Foam, 0.12%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Luxiq Foam, 0.12%, of Norvium Bioscience, LLC (Norvium).

Betamethasone valerate foam, 0.12% is a medium potency topical corticosteroid indicated for relief of the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses of the scalp. Refer label for a detailed indication.

Alembic has a cumulative total of 213 ANDA approvals (185 final approvals and 28 tentative approvals) from USFDA.

26, Aug 2024
WIRC of ICAI hosts 38th Regional Conference deliberating on Journey towards Viksit Bharat

Bengaluru, August 26, 2024 – The Western India Regional Council (WIRC) of the Institute of Chartered Accountants of India (ICAI) inaugurated 38th Regional Conference today at the Jio World Convention Centre, Mumbai. The two-day event, scheduled for August 23rd and 24th, 2024, brings together some of the most esteemed personalities from industry, government, and academia under the theme “Empowered CA – Developed India.” a testament to the profession’s commitment to innovation, governance, integrity, trust, and excellence.

WIRC of ICAI hosts 38th Regional Conference deliberating on Journey towards Viksit Bharat

The first day of the conference started with the keynote address of Shri Dinesh Kumar Khara, Chairman of the State Bank of India and Shri Ashwani Bhatia, whole-time member of SEBI.

Speaking during the inaugural session, Shri Ashwani Bhatia, whole-time member of SEBI emphasized the vital role of Chartered Accountants (CAs) in safeguarding financial integrity. He said, “The role of auditors in maintaining transparency and trust in the capital market is more crucial than ever. Auditors must remain vigilant, especially in scrutinizing related party transactions and safeguarding public money and savings in the SME sector. The evolving market dynamics and a robust pipeline of opportunities demand that CAs continue to protect shareholder interests and ensure the accuracy of financial information.”

Shri Dinesh Kumar Khara, Chairman of The State Bank of India, added, “In our judiciary roles, trust is crucial, magnifying the responsibility of Chartered Accountants (CAs). The banking sector relies heavily on CAs for credit decisions, as they validate critical cash flow information, establishing a vital link between bankers and CAs. As we move towards ‘Viksit Bharat’ and new structures like REITs emerge, maintaining high governance standards becomes essential. Additionally, educating entrepreneurs on the value of formal compliance and enhancing efficiency in limited liability partnerships is key for growth. ICAI’s esteemed reputation is a cornerstone of our profession. We must uphold this standard and explore opportunities for global recognition while ensuring the highest quality in our work, which impacts the entire economy.”

CA. Suresh Prabhu, Former Union Minister highlighted the need for India to balance economic growth with social and environmental responsibility. He said, “Industrial revolutions have reshaped the world, elevating the Global North to a position of immense geopolitical influence. However, India and China once held nearly half of the world’s GDP. Today, as we face unprecedented challenges like climate change, it is imperative for India to lead in creating a more equitable global governance model. Our focus should not be solely on economic growth but on balancing it with social and environmental responsibility. Technology offers tools, but it is human intelligence and the rich cultural wisdom that will guide us to make the right choices for a sustainable future.”

Later in the evening CA. Piyush Goyal, Hon’ble Union Minister of Commerce & Industry, delivered a crucial address on “Viksit Bharat@ 2047 – The Road Map,” outlining the future trajectory of India’s economic development.

CA. Piyush Goyal, Hon’ble Union Minister of Commerce & Industry said, “The rigorous journey that Chartered Accountants undertake is truly commendable. The CA profession not only evolves with time but also equips individuals with a unique combination of law and financial acumen, preparing them to serve the nation and contribute to the monumental task ahead taking the Indian economy from $3.5 trillion to a $35 trillion economy as we celebrate 100 years of independence as a developed nation.”

He further added, “At the forefront of India’s growth story are ICAI and the 4 lakhs+ Chartered Accountants who are ready to take on the big challenges. Every CA plays a pivotal role in shaping the future of India. Their signature is one that millions of investors trust, as they invest in India and witness the unfolding of the world’s next great growth story.”

Motivational Speaker Miss Jaya Kishori also graced the conference, sharing her profound insights to inspire and uplift the audience.

The second day will witness the esteemed presence of Shri C. P. Radhakrishnan, Governor of Maharashtra; CA. Ranjeet Kumar Agarwal, President of ICAI, and CA Charanjot Singh Nanda, Vice President of ICAI.

CA. Ranjeet Kumar Agarwal, President of ICAI, congratulated WIRC for organizing this conference and said “This conference is a powerful testament to the pivotal role that Chartered Accountants play in shaping a developed and resilient India. The theme of the Conference “Empowered CA – Developed India.” is not just a reflection of our achievements for the past 75 years but also setting the course for future growth. ICAI has always been at the forefront of driving excellence in the profession, ensuring that our members are equipped with the skills and knowledge to navigate the complexities of an evolving global economy.”

He further added, “ICAI is committed to fostering innovation, upholding the highest standards of governance, and ensuring integrity and trust across all sectors of the economy. This conference serves as a platform for sharing insights, exchanging ideas, and empowering our members to contribute more effectively to the nation’s growth trajectory. The discussions and deliberations here will inspire our members to work towards strengthening India’s financial framework, ensuring sustainable development, and maintaining the public’s confidence in our economic systems.”

CA. Charanjot Singh Nanda, Vice President of ICAI, added, “ICAI’s regional conferences have always been a cornerstone for knowledge exchange and professional development. This year’s event is particularly significant as it underscores our collective responsibility to support India’s journey towards becoming a global economic powerhouse. As CAs, we must continuously adapt and excel to meet the challenges and opportunities that lie ahead, ensuring that we remain at the forefront of India’s financial ecosystem.”

The 38th Regional Conference of WIRC of ICAI stands as a testament to the evolving role of Chartered Accountants as an economic guardian and a trusted partner in nation-building. The Conference brings together leaders, visionaries, academicians, industry experts and professionals under one roof, providing a platform for sharing insight on critical issues, exploring emerging trends, and fostering innovation that would lead India towards a developed nation.

26, Aug 2024
Officenet Unveils State-of-the-Art Cascading Organizational Goals Feature to its platform, revolutionizing Work Dynamics

sonali

Delhi, Officenet, a leading HR tech firm renowned for its cutting-edge HR & Payroll Solutions for Indian enterprises, proudly introduces the ‘Cascading Organizational Goals’ feature within its Performance Management System module. This strategic upgrade promises a seamless alignment of individual employee objectives with the overarching organizational goals, heralding a new era in work delegation methodologies. It synchronizes individual employee objectives with the overarching goals of organizations.

With a robust client base of over 250+ mid and large-cap manufacturing companies across India, including names like Havells, LG Electronics, KRBL Rice, Toyo Ink, Plasser India, JBM Group, Officenet has consistently led in addressing intricate HR and workforce management challenges unique to the manufacturing sector.

Offering a suite of HRMS solutions for the Indian industry encompassing LMS, PMS, Recruitment, Travel, L&D, Compliance, and Payroll management, Officenet now brings forth the cascading goals feature, further amplifying the alignment of organizational goals for its clientele.

This innovative process empowers Heads of Departments (HODs) to selectively transfer goals to their respective subordinates effortlessly. With a simple click, HODs gain visibility into their direct reports, facilitating seamless goal transfer and fostering a collaborative, goal-driven work environment. A standout facet of this cascading mechanism is the autonomy afforded to Reporting Managers. Employees can personalize the cascading process, tailoring goals for their subordinates by specifying weightage and targets, aligning goals to individual roles and responsibilities within the organizational structure.

Sharing his experience, Mr. Rahul Kothari, Head HR Operations, Prince Pipes said, “Our experience with Officenet has streamlined our operations, from hiring to retirement, on a single platform. Going paperless has significantly reduced errors and increased accuracy, especially in our paperless Performance Management System. This feature fosters collaboration, driving collective efforts toward shared success. Looking ahead, we’re exploring the integration of an L&D platform to enhance digital learning opportunities. In our one-year journey, Officenet has positively impacted our processes, and we’re excited about its future possibilities.”

Ms. Sonali Chowdhry, CEO of Officenet, commented on the feature, stating, “By fostering goal alignment, we empower organizations across diverse sectors to elevate their workforce management strategies. The module reflects our dedication to enhancing workplace efficiency and fostering strategic alignment, especially in the manufacturing domain.”

Officenet’s remarkable growth trajectory highlights its unwavering commitment to excellence, showcasing an impressive 50% increase in revenue over the past year.

26, Aug 2024
Navigating Conflict: Discovering Resolution and Harmony with Lord Krishna- Adv Praful S Potdar

krishna

By-Adv Praful S Potdar

“Sukha-duḥkhe same kṛtvā lābhālābhau jayājayau, Tato yuddhāya yujyasva naivaṁ pāpam avāpsyasi.”
(Bhagavad Gita 2.38)
“Treating alike pleasure and pain, gain and loss, victory and defeat, engage in battle for the sake of duty; in this way, you will not incur sin.”

Conflict is an inevitable part of life, but how we handle it defines our journey towards harmony and peace. In the Bhagavad Gita, Lord Krishna provides Arjuna with profound wisdom on navigating the complexities of conflict. These teachings, though delivered on a battlefield, apply to our everyday struggles and disagreements, offering timeless guidance for resolving conflicts with grace and understanding.

Understanding Conflict: What’s Really Going On?

Before diving into solutions, it’s essential to understand what conflict truly is. Imagine a meeting where two team members are at odds over a project’s direction. Frustrating, isn’t it? This scenario mirrors the internal conflict Arjuna faced before the battle of Kurukshetra. Krishna teaches us that to resolve conflict, we must first understand its root causes. The next time you find yourself in a disagreement, take a step back and identify what’s really at stake for each party involved. What are their underlying needs, fears, and concerns?

The Power of Dialogue: Let’s Talk It Out

Consider the dialogues between Krishna and Arjuna. These conversations are a testament to the power of open communication. In the heat of conflict, it’s easy to jump to conclusions or make assumptions about the other person’s intentions. Instead, initiating a dialogue—much like Krishna did with Arjuna—can lead to clarity and resolution. Imagine mediating a family dispute over inheritance. Encouraging everyone to express their feelings can help clear up misunderstandings and foster a fair resolution. How might you approach a difficult conversation with someone you care about?

Emphasizing Dharma: What’s Your Duty?

Dharma, or righteous duty, is a cornerstone of Krishna’s teachings. When faced with difficult choices, like a business leader torn between profit and sustainability, considering one’s duty to others can provide guidance. Dharma reminds us that resolving conflict isn’t just about personal interests; it’s about considering the greater good. The next time you’re faced with a tough decision, ask yourself: What is my duty here? Reflect on a time when you had to balance your needs with those of others—how did your sense of duty guide you?

The Power of Detachment: Letting Go of Outcomes

Krishna advises Arjuna to focus on performing his duty without attachment to the results. This principle of detachment can be transformative, especially in high-pressure situations. Imagine working in a competitive environment where stress and tension are rampant. Instead of fixating on the outcome, such as a promotion, focus on doing your best work. This mindset shift can lead to a more collaborative atmosphere and reduce stress. Have you ever felt relieved by letting go of your attachment to the outcome?

Compassion and Forgiveness: The Heart of Resolution

Compassion lies at the heart of Krishna’s teachings. He encourages us to understand and empathize with others, even those we disagree with. Consider the example of the Truth and Reconciliation Commission in South Africa, where fostering understanding and forgiveness played a crucial role in healing a divided nation. In your own life, think of a time when showing compassion transformed a conflict into a meaningful conversation. How can you apply this principle to your current relationships?

Conclusion: Your Path to Peaceful Conflict Resolution

As we conclude this journey through Lord Krishna’s teachings, remember that conflict doesn’t have to be a battlefield. By embracing open dialogue, adhering to your Dharma, practicing detachment, and cultivating compassion, you can navigate disagreements with grace and understanding. The next time you face a conflict, apply these principles and witness the peace and harmony that can emerge.

References

1. Bhagavad Gita: A New Translation by Stephen Mitchell.
2. The Art of Conflict Resolution: A Guide for Leaders by Dr. William Ury.
3. Truth and Reconciliation Commission of South Africa Report.
4. The Bhagavad Gita: As It Is by A.C. Bhaktivedanta Swami Prabhupada.
5. Conflict Resolution: Theory, Research, and Practice by J. William Zartman.

26, Aug 2024
At Sushasan Samvad, CM Mohan Yadav foresees Madhya Pradesh as epitome of sustainable growth for rest of India

Panchjanya, a leading Indian weekly magazine initiated by Late Pandit Deendayal Upadhyaya and its founding editor was Late Shri Atal Bihari Vajpayee former Prime Minister of India, organized Sushasan Samvad Madhya Pradesh (Good Governance Dialogue), an event at Kushabhau Thakre Hall in Bhopal, Madhya Pradesh. The event was graced by Dr. Mohan Yadav, Chief Minister of Madhya Pradesh; Shri VD Sharma, BJP State President; Shri Uday Pratap Singh, State’s Education & Transport Minister; Smt. Archana Chitnis, Member of Madhya Pradesh Legislative Assembly; Shri Vijay Mohan Tiwari, former Information Commissioner, MP; Professor Milind Dandekar; Shri Hitesh Shankar, Editor at Panchjanya; Shri Brej Bhihari Gupta, Director BPDC, among other dignitaries.

SUSHAN SAMVAD

The event began with a lamp-lighting ceremony led by Shri Hitesh Shankar, Editor at Panchjanya, who set the stage for the day’s discussions by setting the agenda for the programme. A series of enlightening sessions by eminent speakers and key discussions on India’s and Madhya Pradesh’s rich cultural heritage, development, governance and future challenges were the highlights of Sushasan Samvad.

The first session of the event, Sushan ki Sanskriti, commenced with devotional Ganpati music and was followed by the introductory speech made by Consulting Editor Tripti Shrivastava at Panchjanya. Then she invited Shri Hitesh ji, Brij Bihari ji, and Hemant Muktibodh onto the stage and felicitated them with bouquets.

One of the keynote sessions, titled ‘Bharat Ka Dil: Purkhe aur Pehchan’, featured a powerful address by Shri Vijay Manohar Tiwari, former Information Commissioner, Madhya Pradesh. The Session was moderated by Shri Anil Pandey. While praising the presence of Madhya Pradesh as the heartland of India in the country’s historic milestones, the session shed light on the identity of ancestors and their significant contributions to the culture of the nation.

The next session, ‘Neev Naye Bharat Ki’, featured Education Minister Shri Uday Pratap Singh, who shared his views on laying the foundation for a new India. The session was moderated by Shri Anurag Punetha, Senior Journalist. While sharing his views, Shri Uday Pratap Singh said, “Madhya Pradesh’s contribution to India’s educational culture is both historical and contemporary. It has played a key role in shaping ancient knowledge systems and continues to do so through modern educational institutions and initiatives. This blend of tradition and innovation strengthens the foundation of “New India,” ensuring it is rooted in rich heritage while also being equipped for future challenges.”

In the afternoon, Shri Dr Milind Dandekar continued the session “Dharohar ka Dhyaan”, moderated by Tripti Shrivastava. This session focused on the importance of preserving India’s cultural heritage and the steps needed to ensure its continuity. He said, “India’s cultural heritage is a testament to its rich and diverse history, embodying centuries of traditions, art, language, architecture, and values. It reflects the essence of India’s identity, inspiring generations with its profound contributions to world culture. As the nation embarks on the path to modernity and progress, it is vital to remember the importance of preserving this invaluable heritage to ensure its continuity for future generations.”

After the tea break, the event culminated with an exclusive interaction titled ‘Mukhya Mantri se Seedhi Baat’, where Chief Minister Shri Mohan Yadav participated in a live Q&A session, where he discussed the challenges and opportunities that lie ahead for Madhya Pradesh. The session was moderated by Shri Hitesh Shankar. During his address, Shri Mohan Yadav said, “Madhya Pradesh stands at the crossroads of transformation. While challenges such as infrastructure deficits, healthcare, and environmental concerns need immediate attention, the state also has immense opportunities in sectors like tourism, renewable energy, and digital innovation. By addressing these challenges and capitalizing on its opportunities, Madhya Pradesh can pave the way for sustainable and inclusive growth, setting an example for other Indian states.”

Speaking on the relevance of culture in India’s sustainable economic goals, Shri Hitesh Shankar, stated, “Culture is an integral part of India’s sustainable economic goals, offering unique pathways to promote growth that is inclusive, environmentally responsible, and deeply connected to the country’s heritage. By leveraging cultural industries, promoting traditional knowledge, and fostering sustainable lifestyles, India can create an economy that not only prospers but also preserves and celebrates its rich cultural identity. The future of India’s economic development lies not only in innovation and modernization but also in its ability to draw from the wisdom of its cultural past to build a sustainable and prosperous future.”

The final session of the event was echoed by the powerful words of Shri VD Sharma, BJP State President, who applauded the efforts of Shri Hitesh Shankar in conceptualizing Sushasan Samvad as a platform to connect government with the masses. He said, “Communication is the key to healthy relations and platforms like Sushasan Samvad will help state governments understand the current needs of their people and develop programmes and policies for the overall welfare of the states.”

26, Aug 2024
Social Beat Wins Mandate to Drive Business Outcomes for Cialfo

Chennai, 26, August 2024: Cialfo, a leading global edtech company, has assigned its digital mandate to Social Beat, a premier digital marketing agency known for its innovative strategies and driving business outcomes. Social Beat will focus on increasing lead inflow through LinkedIn campaigns and improving organic ranking via comprehensive SEO strategies. Additionally, the agency will explore platforms like Meta and Google to boost brand awareness, targeting metrics such as cost per quality lead, keyword rankings, website visits, and keyword search volume.

Suniel Chawla, Co-Founder, Social Beat(1)

Mr. Suneil Chawla, Co-Founder of Social Beat, said, “We are thrilled to partner with Cialfo, a pioneer in the edtech space. Our goal is to drive meaningful business outcomes by leveraging our expertise in digital marketing to enhance their lead generation and organic presence. We look forward to a successful and impactful collaboration.”

Pooja Gupta, Sr VP, Strategic Operations, Ciaflo

Pooja Gupta Pasari, Sr. VP of Strategic Operations at Cialfo, stated, “Our partnership with Social Beat marks an important step in our growth journey. Their deep understanding of digital marketing and commitment to excellence aligns perfectly with our vision. We are excited to work together to achieve our objectives and expand our reach.”

26, Aug 2024
Aeron Composite Ltd planning to raise up to Rs. 56.10 crore from public issue; IPO opens August 28

Bengaluru, 26 August 2024: Ahmedabad based Aeron Composite Ltd, leading company engaged in manufacturing and supply of fibre glass reinforced polymer products is planning to raise up to Rs. 56.10 crore from its SME public issue. The company has received approval to launch its public issue on NSE Emerge Platform of National Stock Exchange. The public issue opens for subscription on August 28 and closes on August 30. Out of the proceeds of the public issue, Rs. 39 crore will be utilized to fund the capital expenditure requirements towards setting up of a manufacturing unit at Mehsana, Gujarat and general corporate purpose. Hem Securities Ltd is the book running lead manager of the issue.

Award

The initial public offering of Rs. 56.10 crore, comprises of a fresh issue of 44.88 lakh equity shares of face value Rs. 10 each. Company has finalized price band of Rs. 121-125 per equity share for the public issue. The minimum lot size for retail investors is 1,000 shares amounting to minimum investment of Rs 1,25,000 at the upper price band of Rs. 125 per share. Retail investor quota for the IPO is kept at not less than 35% of the net offer, HNI quota is kept at not less than 15% of the offer and QIB portion is kept at not more than 50% of the offer.

Aeron Composite Ltd

Issue Opens Issue Price Issue Closes
28 August, 2024 Rs. 121-125 Per Equity Share 30 August, 2024

Incorporated in the year 2011, Aeron Composite Ltd is engaged in the business of manufacturing and supplying of Fiber Glass Reinforce Polymer Products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. FRP product is a composite material consisting of a polymer matrix (resins) reinforced with fibers such as fiberglass, carbon or aramid. This combination offers benefits, including corrosion resistance, chemical resistance, high strength, lightweight properties, electrical and thermal non-conductivity, and ease of fabrication. Company provides comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service.

The company’s manufacturing facility certified by ISO 9001:2015 is located in Saket Industrial Estate at Changodar, Ahmedabad and is spread over 26,320 square metres. The manufacturing facility is certified for the design, manufacture and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and module mounting structures for solar panels (MMS). Company exports to more than 30 countries

Key Financial Performance:-

Period Ended 29 Feb 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Revenue from Operations 179.14 179.38 108.33 78.82
EBITDA & Margin 14.27 (7.97%) 9.82 (5.48%) 5.99 (5.53%) 6.11 (7.75%)
Profit After Tax & Margin 9.42 (5.26%) 6.61 (3.69%) 3.62 (3.34%) 2.55 (3.24%)
Net Worth 34.78 25.36 15.57 12.08
Reserves and Surplus 33.21 23.79 14.27 10.78

Company has reported excellent operational and financial performance over years. The Company has witnessed a multi-fold growth in revenue and profitability over the years. For FY23-24 (till February, 2024), company has reported net profit of Rs. 9.42 crore (PAT Margin 5.26%), EBITDA of Rs. 14.27 crore (EBITDA margin 7.97%) and revenue from operations of Rs. 179.14 crore. For Full year of FY2022-23, company had reported net profit of Rs. 6.61 crore (PAT Margin 3.69%), EBITDA of Rs. 9.82 crore (EBITDA margin 5.48%) and revenue from operations of Rs. 179.38 crore.

As on February 2024, Net Worth of the company was reported at Rs. 34.78 crore, Reserves & Surplus at Rs. 33.21 crore and Asset base of Rs. 99.79 crore. As on Feb 2024, ROE of the company was 31.33%, ROCE at 29.67% and RONW at 27.09% with a healthy debt/equity ratio of 0.35 times. Promoter Group shareholding in the company will be 73.63% post the public issue. Shares of the company will be listed on NSE’s Emerge platform.