Tag: Latest lifestyle news

Accent Microcell IPO to open on December 8, 2023; fixes a price band of Rs. 133 – Rs. 140 per share

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Telugu super news,Hyderabad, December 4, 2023: Accent Microcell Limited, a leading manufacturer and exporter of cellulose-based pharmaceutical excipients, announced, today announced that its Initial Public Offer will open on Friday, December 8, 2023. The Anchor portion will be open on Thursday, December 7, 2023, and the issue will conclude on Tuesday, December 12, 2023. The company is planning to raise approximately Rs. 78.40 crores from the issue and aims to be listed with NSE Emerge. The price band for the issue has been fixed at Rs. 133 – Rs. 140 per share. The lot price will be 1,000 shares. Corporate Capital Ventures Private Limited is the Book Running Lead Manager and KFIN Technologies Limited is the Registrar to the Issue.

The IPO will comprise of fresh issue of 56 lakh Equity Shares with a face value of Rs 10/- through the book-building route. While 15.96 lakh equity shares have been reserved for Anchor portion, 2.8 lakh equity shares for Market Maker, 10.64 lakh equity shares for QIB portion, 7.98 lakh equity shares allocated for NIIs and Retail (RII) portion accounts for 18.62 lakh equity shares.

Accent Microcell plans to utilise Rs. 54.39 crores out of net proceeds from the offering to establish a new plant at Navagam Kheda, Gujarat, India for manufacturing Croscarmellose Sodium (CCS), Sodium Starch Glycolate (SSG) and Carboxymethylcellulose (CMC), which is expected to be commercialised by April 2025.

The company predominantly manufactures Microcrystalline Cellulose (“MCC”), which is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent with an extensive range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries. In addition to MCC, it produces other excipients such as Croscarmellose Sodium (CCS) and Magnesium Stearate (MS).

Leveraging its high-quality product line, the company has established a long-standing market in India and abroad. Accent Microcell exports its products to more than 45 countries, including the USA, Canada, Germany and many others. 

Incorporated in 2012, Accent Microcell has successfully developed a resilient manufacturing infrastructure, supported by an efficient supply chain that caters to the needs of various Indian and global customers. With two state-of-the-art manufacturing facilities located in Pirana (Unit-I), and Dahej SEZ (Unit-II), the company serves various categories of clients from different industries. With the addition of 2,400 metric tonnes to its current annual total installed capacity of 8,000 metric tonnes, the company plans to increase its cumulative annual capacity to 10,400 metric tonnes including all range of excipients category (including premium excipients products). The expansion of capacity will enable the company to deliver products that are specifically tailored to customer needs. In addition to existing customer base, the company will cater to the clients in untapped regions.

Accent Microcell registered a revenue of Rs. 204.19 Cr. in FY23, up from INR 165.71 crore in FY22. In the first quarter of FY24, ending June 30, the company clocked a revenue of Rs. 58.81 crore. Accent Microcell’s profit (PAT) more than doubled to Rs.  13.01 crore in FY23 from Rs. 5.89 crore in FY22. The company achieved Profit After Tax (PAT) of Rs. 7.06 crore in Q1 of FY2023-24.

For more information, please visit: www.accentmicrocell.com  

The Oxford Word of the Year 2023 has rizz

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Telugu super news,Monday, 4 th December 2023 (Oxford, UK and New York, NY) – By issuing a call-out to the public to have their say on this year’s Word of the Year, Oxford University Press (OUP) has sparked debate and discussion around language for a second year running. After
asking the public to refine a shortlist of eight words, all chosen to reflect the mood, ethos, or
preoccupations of the year, more than 30,000 word lovers across the world had their say.
OUP is pleased to announce that the Oxford Word of the Year 2023 is rizz.

Rizz was chosen by the


language experts at OUP as an interesting example of how language can be formed, shaped, and shared within communities, before being picked up more widely. It

speaks to how younger generations create spaces—online or in person—where they own and
define the language they use. From activism to dating and wider culture, as Gen Z comes to
have more impact on society, differences in perspectives and lifestyle play out in language,
too.

The Oxford Word of the Year is a word or expression that reflects the past twelve months in
some way, having potential as a term of lasting cultural significance or providing a snapshot of
social history. Supported by evidence of real language usage, OUP’s language experts track
candidates as they emerge throughout the year via the constantly updated Oxford Monitor
Corpus of English, analysing frequency statistics and identifying words or expressions that
have been recently added to the language (neologisms). Previous words

UNDER EMBARGO UNTIL 00.01 Monday 4 December 2023

chosen by OUP have included vax (2021), climate emergency (2019), and, by public vote for
the first time, goblin mode (2022).

This year, through head-to-head competitions over a four-day voting period, a shortlist of
eight worthy contenders was narrowed down by the public to four finalists: rizz, Swiftie,
prompt, and situationship. Language experts at OUP considered the corpus data, the votes,
and public commentary around the words to choose Oxford’s Word of the Year for 2023.

Speaking about this year’s Word of the Year campaign and the winning word, Casper
Grathwohl, President, Oxford Languages, says, “It has been incredible to see the public once
again enjoying being a part of the Word of the Year selection. Witnessing thousands of people
debate and discuss language like this really highlights the power it has in helping us to
understand who we are, and process what’s happening to the world around us.

Given that last year ‘goblin mode’ resonated with so many of us after the pandemic, it’s
interesting to see a contrasting word like rizz come to the forefront, perhaps speaking to a
prevailing mood of 2023, where more of us are opening ourselves up after a challenging few
years and finding confidence in who we are.

Rizz is a term that has boomed on social media and speaks to how language that enjoys
intense popularity and currency within particular social communities—and even in some cases
lose their popularity and become passé—can bleed into the mainstream. This is a story as old
as language itself, but stories of linguistic evolution and expansion that used to take years can
now take weeks or months. The spike in usage data for rizz goes to prove that words and
phrases that evolve from internet culture are increasingly becoming part of day-to-day
vernacular and will continue to shape language trends in the future.”

ఋతు క్రమ సంబంధితమైన  పరిశుభ్రత అవగాహన కార్యక్రమాన్ని మరిన్ని పట్టణాల్లో ప్రారంభించిన అమృతాంజన్ కాంఫీ

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తెలుగు సూపర్ న్యూస్,డిసెంబర్ 4, 2023: భారతదేశంలోని 1,450 పట్టణాలలో 4.5 లక్షల మంది యువతులకు ఋతు క్రమ పరిశుభ్రత గురించి ఇప్పటికే అవగాహన కల్పించిన అమృతాంజన్ సంస్థ, ఇప్పుడు తమిళనాడు, మధ్యప్రదేశ్, జార్ఖండ్ మరియు ఉత్తరప్రదేశ్‌లోని 360 పట్టణాల్లో ఈ కార్యక్రమాన్ని అమలు చేస్తోంది. ప్రాజెక్ట్ దిశ కార్యక్రమం యొక్క తదుపరి దశ కార్యక్రమంలో భాగంగా అవగాహన పెంచడానికి భారతదేశంలోని నాలుగు రాష్ట్రాల్లోని మరో 2.5 లక్షల మంది బాలికలను చేరుకోనుంది. అమృతాంజన్ హెల్త్ కేర్ హౌస్ నుండి అత్యంత  వేగంగా అభివృద్ధి చెందుతున్న ఋతు పరిశుభ్రత బ్రాండ్,  కాంఫీ  స్నగ్ ఫిట్ ( Comfy Snug Fit) ఈ కార్యక్రమం నిర్వహిస్తుంది.


మూడవ దశ ముగిసే సమయానికి, ప్రాజెక్ట్ దిశ భారతదేశంలోని 1,800 పట్టణాల్లోని 7 లక్షల మంది బాలికలపై నేరుగా ప్రభావం చూపనుంది. డ్రైవ్‌లో భాగంగా, కంపెనీ తమ శానిటరీ ప్యాడ్‌  –  కాంఫీ ( Comfy ) ను కూడా పంపిణీ చేసింది –  ఇది వస్త్రం కంటే 80% మెరుగ్గా  పీల్చుకుంటుంది మరియు సరసమైన ధరతో లభిస్తుంది. ఇప్పుడు మూడవ సంవత్సరంలో, ప్రాజెక్ట్ దిశ 900 పట్టణాలు, 400 పాఠశాలలు మరియు 100 అంగన్‌వాడీ కేంద్రాలను కవర్ చేస్తూ 10 రాష్ట్రాలను చేరుకుంది.


 అమృతాంజన్ హెల్త్ కేర్ లిమిటెడ్, చైర్మన్ & మేనేజింగ్ డైరెక్టర్, శ్రీ S. శంభు ప్రసాద్ మాట్లాడుతూ  “మహిళల పరిశుభ్రతను పెంచడం అనేది సామాజిక కర్తవ్యాన్ని అధిగమించింది; అది ఒక ప్రాథమిక అవసరంగా నిలుస్తుంది.  మన దేశం శ్రేయస్సు దాని మహిళల శ్రేయస్సుతో ముడిపడి ఉందని మేము అంగీకరిస్తున్నాము. అందువల్ల, మా అచంచలమైన నిబద్ధత ఈ ఆవశ్యక లక్ష్యం యొక్క సాక్షాత్కారానికి చురుగ్గా తోడ్పడుతుందని భావిస్తున్నాము ” అని అన్నారు.

Amrutanjan Comfy rolls out menstrual hygiene awareness initiative across more towns

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Telugu super news,December 4th, 2023:  The company, which has already raised awareness among 4.5 lakh young girls across 1,450 towns in India about menstrual hygiene, is now rolling out the initiative in 360 towns across Tamil Nadu, Madhya Pradesh, Jharkhand and Uttar Pradesh to reach out to another 2.5 lakh girl students across four states in India to raise awareness as part of the next phase of its Project Disha initiative. Comfy Snug Fit, a fast-growing menstrual hygiene brand from the house of Amrutanjan Health Care.

At the end of the third phase, Project Disha would have directly impacted 7 lakh girls in over 1,800 towns across India. As part of the drive, the company also distributed their Sanitary Pads – Comfy, which offers 80% better absorption than cloth and are priced reasonably. Now in its third year, Project Disha has been implemented in 10 states, covering 900 towns, 400 schools, and 100 Anganwadi centers. The project extends its reach to homes and high-footfall areas.

Project Disha is part of Amrutanjan Comfy’s commitment to increase awareness about menstrual hygiene and educate women about the benefits of using sanitary pads over cloth usage. The company recognises the pivotal role that proper hygiene plays in women’s health and well-being, and it wants to empower them by dismantling the barriers that hinder their access to essential menstrual hygiene products.

Mr. S. Sambhu Prasad, Chairman & Managing Director, Amrutanjan Health Care Limited, said, “Elevating women’s hygiene transcends societal duty; it stands as a fundamental necessity. Fostering a robust and healthier society hinges on guaranteeing that the women in our communities not only have access to top-tier and affordable hygiene products but also receive comprehensive education on the subject. We acknowledge that the prosperity of our nation is intricately linked to the well-being of its women. Thus, our unwavering commitment is geared towards actively contributing to the realization of this imperative goal.”

Menstrual health awareness and education remain limited in many parts of India, with 50% of women aged between 15-24 years still using cloth for menstrual hygiene due to affordability and accessibility challenges. Raising awareness about women’s hygiene in rural areas is of paramount importance, as it directly impacts multiple facets of life. Access to hygiene resources and knowledge not only safeguards their health but also empowers them, enhancing their self-esteem and dignity. Moreover, it plays a crucial role in education, as girls with the knowledge and resources for good hygiene are more likely to attend school regularly with fewer hygiene-related interruptions. In addition to the personal and educational benefits, improved women’s hygiene can have economic implications, such as reduced healthcare expenses and enabling them to actively participate in income-generating activities.

Amrutanjan Healthcare has also worked with the Samvedana Development Society to create menstrual hygiene awareness and promote sanitary pad usage in Uttar Pradesh’s Hardoi district during FY22. Through education, access to high-quality products, and awareness-building, Amrutanjan hopes to transform communities, empower women, and create a healthy future for all women.

Ather Energy sold 9,344 units in November 2023

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Telugu super news,National, 2nd December, 2023:Ather Energy, India’s premium electric scooter manufacturer sold 9344 units in November’23. Ather, is making significant strides in expanding its reach and accessibility. With an impressive network of 176 Experience Centres with 11 opened in november spanning across 100 cities, Ather is set to revolutionize the electric scooter market. Among its exciting offerings is the Ather 450S, hailed as one of India’s fastest and smartest scooters, available alongside the Ather 450X. The Experience Centers offer potential buyers the unique opportunity to test ride any Ather vehicle, helping them determine the ideal fit for their needs before making a purchase. Ather’s customer-centric approach and innovative products continue to propel it to the forefront of the EV industry. 

In the coming years, Ather Energy is set to unveil significant announcements, notably their latest addition to the fleet, the Ather Family Scooter. This innovative vehicle promises enhanced comfort, a spacious seat, and affordability, catering to a wider audience. Ather is embracing a subtle shift towards a more traditional scooter design to align with market demands. CEO Tarun Mehta proudly announced this forthcoming model, emphasizing its consumer-oriented features. Alongside this announcement, he also shared about the upcoming Ather 450 Apex, their fastest offering yet, showcasing their commitment to innovation and advancement in the electric scooter domain.  

Commenting on this occasion, Ravneet Singh Phokela, Chief Business Officer, says, “November continues the momentum that we built in October, as we delivered 9,344 units to our customers. The EV 2-wheeler market is approaching volumes seen before subsidy revisions, and we anticipate a positive end to 2023. This month we forayed into the international market with the opening of the inaugural Experience Centre in Nepal. As we marked our 10th anniversary, we celebrated a decade of innovation by announcing the launch of two new scooters, including the Ather APEX and a family scooter set to hit the market in 2024. More is in store in December as we are gearing up for an exciting and fast-paced start to 2024.”

Ather’s expansion into international markets follows its remarkable success in the Indian domestic market, where the 450 Series has emerged as the uncontested leader in the premium electric two-wheeler segment, boasting an impressive 75% market share. The decision to export the Ather 450X aligns strategically with Nepal’s growing interest in cleaner mobility alternatives. Despite being a comparatively smaller market than its larger counterparts, India and China, Nepal presents an enticing opportunity for companies like Ather to gain insights into new markets, gauging product performance and acceptance. 

Additionally, Ather Energy has forged partnerships with prominent financial institutions such as IDFC First, Bajaj Finance, and Hero FinCorp, facilitating increased accessibility to electric vehicles (EVs). Through the provision of flexible loan tenures extending up to five years, Ather has successfully lowered the monthly EMIs for its electric scooters to as little as Rs 2,999. This forward-thinking initiative aligns seamlessly with the Indian government’s ambitious target of achieving a clean and green 2030, thus actively contributing to the realization of sustainable mobility on a national scale.

SAIC Motor and JSW Group announce a strategic Joint Venture to accelerate growth with focus on green mobility

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December 2nd, 2023: SAIC Motor, a global Fortune 500 company with annual revenues of around US$ 110 billion and a presence in over 100 countries, and the JSW Group, one of India’s leading global business conglomerates with US$ 23 billion in revenues across diversified businesses, have entered into a strategic Joint Venture.

The Shareholder Agreement and Share Purchase & Share Subscription agreement were signed by the President of SAIC Wang Xiaoqiu and JSW Group’s Parth Jindal at the MG Office in London with the objective of accelerating the transformation and growth of MG Motor in India.

 SAIC Motor and JSW Group will create strategic synergies by bringing together resources in the field of automobiles and new technology. The joint venture will also undertake multiple new initiatives including augmenting local sourcing, improving charging infrastructure, expansion of production capacity, and introducing a broader range of vehicles with a focus on green mobility.

According to the agreement, signed JSW will hold 35% in the Indian JV operations. SAIC will continue supporting the joint venture with advanced technology and products to deliver extraordinary mobility solutions with an unwavering focus on the Indian consumer.

According to Wang Xiaoqiu, President of SAIC Motor, “The automobile business is a global industry, and like in any other similar industry, access and collaboration are crucial for its healthy growth. SAIC has always adhered to the ‘win-win cooperation’ approach while steadily improving our core capabilities and expanding our scale of production and sales.

In the growing Indian automotive market, both partners shall work closely to bring in the best of innovation, in creating greener and smarter mobility products and services for our consumers, seizing market opportunities, continuously expanding the brand influence and market share of our products, and achieving greater success for MG in India.”

According to JSW Group’s Parth Jindal, “Our strategic collaboration with SAIC Motor aims to grow & transform the MG Motor operations in India with a focus on green mobility solutions. The joint venture paves the way for bringing world-class technology-enabled futuristics suite of automobile products including the new generation of intelligent connected NEVs and  ICE vehicles. 

The JV’s focus on broader localisation initiatives will yield financially accretive synergies through economies of scale while providing the highest level of customer service to the Indian consumer. One of the key focus areas of this joint venture will be to pursue the development of the EV ecosystem and to take a leadership position in this space.

We would like to thank SAIC and MG Motor for choosing JSW as their partners of choice and look forward to building one of India’s largest automobile companies together. The rich history of the MG brand is known to all and its success in India is there for all to see and it is truly an honour to be able to take this brand and company forward alongside a strong global partner in SAIC. We cannot wait to get going.”

The joint venture will optimize SAIC Motor’s vast automotive experience and technical expertise to demonstrate MG’s spiritual cores – globalization, digitalization, rejuvenation, and young attitude. It will also leverage the large presence of JSW Group across B2B and B2C sectors of the Indian economy to augment local sourcing and establish a robust supply chain.

Together, SAIC and JSW Group will work towards creating a smart and sustainable automotive ecosystem in India by bolstering the development of NEVs and ICEs with Carbon Neutrality, Sustainability and Green Mobility at the centre of its shared vision. Both JV partners are committed to continue staying invested in the Indian market with a vision towards achieving sustainable growth. 

Indus Appstore Powers Up: Major Game Developers Join the Indus Appstore.

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Telugu super news,National, November 30 , 2023: Indus Appstore, India’s very own Android-based mobile app store, announced the onboarding of leading game developers, revolutionizing the gaming experience for users across the nation.

In a groundbreaking move Dream11, Nazara Technologies, A23, MPL, Junglee Rummy, Taj Rummy, Rummy Passion, RummyCulture, RummyTime and CardBaazi have partnered with the Indus Appstore.

This partnership promises to enhance the gaming experience for millions of users, providing a diverse range of quality games that align with Indus Appstore’s commitment to diversity and innovation.

Indus Appstore’s commitment to supporting developers is highlighted by the zero commissions on in-app payments, a stark contrast to other app stores charging hefty fees ranging from 15-30%. This revolutionary move empowers developers to focus on crafting immersive gaming experiences without financial constraints. Additionally, the platform’s localization feature ensures that these games can now reach every corner of India, offering content in the language of the user’s choice.

Speaking on the partnership Akash Dongre, Co-founder of Indus Appstore, said “We are thrilled to welcome these gaming giants to the Indus Appstore family. Their expertise and commitment to delivering top-notch gaming experiences aligns seamlessly with our vision. Together, we look forward to crafting the next growth story in the Indian gaming industry.”

Partner Quotes 

  • Sunit Warraich (CEO), CardBaazi: “With Indus Appstore, we’re set to redefine the card gaming sphere, providing not just entertainment but a commitment to fair and rewarding interactions for players. With Cardbaazi’s immersive gameplay and Indus Appstore’s supportive environment, we’re excited to offer an unmatched card gaming escapade, enriched by zero commission on in-app purchases, fostering a community passionate about fair play and enjoyment.”
  • Manish Shrivastava (VP Marketing), MPL: “Being a platform that has an enviable roster of games, MPL’s aim is to make gaming accessible to people all across the country, giving users the opportunity to play games of skill that they’d want. Partnering with Indus Appstore will help us reach out to the India we are building for.”
  • Amandeep Singh (CMO), Rummy Passion: “We are looking forward to scale our product, Rummy Passion, on the Indus Appstore and are eager to explore the significant growth opportunity that awaits us. Indus Appstore’s India-based Support Team stands out, offering real-time and dedicated support—an invaluable resource ensuring seamless user experience. We believe this partnership will help us drive widespread user product adoption and engagement.”
  • Pratik Sahu(AVP Marketing), Gameskraft: “Partnering with Indus Appstore will open avenues to reach newer audience for Gameskraft. Their ingenious video-led app discovery experience will help spark a significant wave of awareness for our apps. We are looking forward to being part of India’s first appstore and reaching a wider audience.”
  • Sudhir Kamath(COO), Nazara Technologies: “Our dedication to bringing diverse gaming experiences to players across different platforms aligns perfectly with Indus Appstore’s vision of empowering users with a variety of quality apps. We’re thrilled to join this innovative platform, further expanding our reach and offering our engaging games to a broader audience.”
  • Bhanuchander B (Head of Marketing), Taj Rummy: “Indus Appstore’s distinctive advantage of Localized App Listing resonates deeply with us—it’s a bridge to connect with Bharat by embracing their language and culture. This tailored approach amplifies our reach, offering a more personalized gaming experience. Together with Indus Appstore, we’re poised to elevate the joy of rummy gaming, ensuring our platform resonates authentically with diverse audiences.”
  • Sudarshan (Senior Director, Acquisition), A23: “We’re thrilled to join forces with Indus Appstore and are excited about unleashing our gaming experiences to a broader audience. With targeted advertising solutions, we’re poised to reach the right users, engage effectively, and drive conversions. Join us in this exciting journey as we captivate audiences and elevate the gaming experience with Indus Appstore’s tailored advertising solutions..”

Developers across India can become a part of the Indus Appstore and  showcase their apps. All they need to do is visit Indus Appstore and be a catalyst for innovation in the digital landscape.

Kartik Aaryan becomes the face for House of McDowells’s Glassware with their all new campaign #YaaronWaaliBaat!

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Telugu super news,India ,november 30,2023: “A best friend is someone who, when they don’t understand, they still understand.” —Nancy Werlin

Friendships have a way of blossoming unexpectedly, whether it’s reconnecting with an old friend, bonding with a neighbor over random hobbies, or forming a connection with a stranger in a new city. We often don’t realize the lengths we’d go to cherish our connections with our yaars, or how much these friendships help us grow, learn, and get us to explore the sides we never thought we had. It is what House of McDowell’s Glassware calls – #YaaronWaaliBaat. Yaaron Waali Baat is an expression of the heartwarming connection that goes above and beyond to constantly embrace the limitless possibilities of not just existing friendships but also those encountered on the go.

Bringing alive this very emotion, is the ultimate Yaar of our generation- Kartik Aaryan. The actor embodies the very spirit of today’s generational dynamics, and his presence not only enhances the appeal of the brand but allows us to forge authentic and meaningful connections with the audience. The actor, known for getting into the skin of the character, went to the lengths to learn the ISL and perfect it for the TVC. 

Just as we go that extra mile for our friends, Kartik Aaryan in the latest campaign film for House of McDowell’s Glassware showcases his ‘Yaaron Waali Baat’ and the journey of traversing through a special gesture for his Yaar by re-enacting an iconic scene from his movies, but this time in sign language to ensure that his friend, who hearing impaired, feels special and included in the celebration. 

This campaign strongly emphasizes that sometimes going an extra mile through small, yet meaningful gestures can unlock limitless possibilities while bringing to life the how inclusion is a critical part of all friendships. The ad serves as a powerful reaffirmation that there is no joy quite like the joy of ‘Yaaron Waali Baat’.

Varun Koorichh, VP, Marketing & Portfolio Head, Diageo India, said “We are thrilled to announce our latest campaign featuring superstar Kartik Aaryan as the face of House of McDowell’s Glassware. As a brand, we strongly believe in friendship as a medium to uplift each other and bring out the limitless possibilities of the bond we share with our yaars. This strategic collaboration not only heralds a new chapter for House of McDowell’s Glassware but also signifies a deliberate move to leverage Kartik’s cinematic embodiment of friendships, notably portrayed through his infamous ‘friendship pegs.’ What stood out was how Kartik made sure in getting the sign language right and like the film, he actually did undergo a lot of coaching to learn ISL.”

Speaking on his association with House of McDowell’s Glassware, actor Kartik Aaryan said, “As an actor I’ve had the pleasure to experience incredible moments in life but when I reflect upon the true priorities that shape my life, friendships take the center stage. I am extremely elated to be associated with a brand like House of McDowell’s Glassware that has served as a catalyst for fostering friendships. Shooting for the brand and understanding their ethos of Yaari has been an absolute blast. I couldn’t be more excited about it. While my career has been an exhilarating journey, it’s the friendships that I’ve made along the way that have truly enhanced the storyline of my life making this partnership extremely personal and special for me.”

The beautiful film was conceptualized by DDB Mudra and executed by Nineteen Films

Agency Creds: 

Rahul Mathew – Chief Creative Officer 

Menaka Menon – National Strategy Head 

Sujay Ghosh – Executive Vice President & Business Partner 

SHEETAL UNIVERSAL IPO OPEN ON DECEMBER 4, 2023

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Telugu suer news,November 30, 2023: Sheetal Universal Limited, agricultural product processor and exporter, today announced that its Initial Public Offer will open on Monday, December 4, 2023 and close on Wednesday, December 6, 2023. The company plans to raise approximately Rs. 2380 Lacs from the issue and aims to be listed with NSE Emerge. The IPO will comprise a fresh issue of 34 lakh Equity Shares with a face value of Rs 10/- each at a fixed price Rs. 70 per share. Beeline Capital Advisors Private Limited is the Lead Manager to issue. Bigshare Services Private Limited is the registrar to the Issue.

Rajkot-headquartered company is engaged in sourcing, processing and supply of agricultural products such as peanuts, sesame seeds, spices and grains to cater for the manufacturers of peanut butter, biscuits, cakes, chocolate and food products. The company has two subsidiaries – Saumesvar International Private Limited and Svar Industries Private Limited, which are into processing and exporting of Agri Commodities like oil seeds, grains, etc.

The net proceeds from the issue will be used for funding capital expenditure, working capital requirement, general corporate purpose and to meet Public Issue expenses. Furthermore, it intends to venture into new products management like producing protein powder and cold press extract oil, plans to set up manufacturing facility for defatted protein powder (dry powder) powder and extract cold press oil from raw peanut, almond, cashew nut and seed considered as vegan foods for India and export market.

The company plans to spend Rs. 584 lacs towards purchasing necessary equipment. The company will spend Rs. 1200 lacs on working capital, which will be used to expand the product range, increase the number of business verticals, and explore various geographical areas.

Sheetal Universal Limited operates a manufacturing & processing facility in Jamnagar district at Haripar Khandhera, which is spread over 14,568 Sq Mts with a constructed area of 6,000 Sq Mts. The facility implements an extensive and stringent quality control mechanism at each stage of the process to ensure that its finished product meets its customers’ specifications. The company exports its products to various countries including the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey and Egypt.

Commenting on the company’s plans, Mr. Hiren Vallabhbhai Patel, Promoter and Managing Director of Sheetal Universal Limited, said, “With our proven experience in the Agro Processing Industry, we are aiming for forward integration with value addition by setting up a manufacturing facility with the adequate equipment for producing defatted protein power and extract cold press oil for the domestic and export market. We are also planning to set up a production unit for defatted protein powder (dry powder) made from raw peanuts, almonds, cashew nuts and seeds which are considered vegan foods. Therefore, we will allocate the proceeds from the IPO towards expanding our capacity and geographical reach.”

In FY2022-23, the company’s total income increased to Rs.131.65 crore, up from Rs. 39.84 crore in FY2021-22. It recorded a profit (PAT) of Rs. 1.98 crore in 2022-23, compared to Rs. 28.31 lakh in FY2021-22. Further for the first half of FY 2024, Company has achieved the total income Rs. 56.75 crores with recorded profit (PAT) Rs. 1.88 crores.

For more information, please visit: https://sheetaluniversal.com

అలియాక్సిస్‌ఇండియా కొత్త డివిజనల్ CEO,ఎగ్జిక్యూటివ్ కమిటీ సభ్యునిగా పదవీ బాధ్యతలు స్వీకరించిన అరవింద్ చంద్ర

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తెలుగు సూపర్ న్యూస్,నేషనల్, నవంబర్29, 2023:అలియాక్సిస్, ప్రపంచంలో ఇన్వెంటివ్ ఫ్లూయిడ్ మేనేజ్‌మెంట్ సొల్యూషన్స్ ద్వారా నీరు,ఎనర్జీని యాక్సెస్ చేసే ప్రముఖ సంస్థ, అరవింద్ చంద్రను ఎగ్జిక్యూటివ్ కమిటీకి స్వాగతించింది. భారతదేశ అలియాక్సిస్ ఇండియా (ఆశీర్వాద్పైప్స్) కొత్త డివిజనల్ CEO గా, అరవింద్ చంద్ర నేరుగా చీఫ్ ఎగ్జిక్యూటివ్ ఆఫీసర్ ఎరిక్ ఒల్సేన్‌కి నివేదిస్తారు.

మిస్టర్ ఎరిక్ ఒల్సేన్,CEO, అలియాక్సిస్,ఇలా అన్నారు,“అరవింద్ చంద్ర డైనమిక్ నాయకత్వంలో మా భారతీయ వ్యాపారం ,ఈ తదుపరి అధ్యాయం కోసం మేము చాలా సంతోషిస్తున్నాము. విస్తృత శ్రేణి పరిశ్రమలలో వృద్ధి, లాభదాయకతను ముందుకు తీసుకెళ్ళడంలో అరవింద్ తన 30 ఏళ్ల గ్లోబల్ ట్రాక్ రికార్డ్‌తో ఆకట్టుకున్నాడు.రాబోయే సంవత్సరాల్లో అలియాక్సిస్‌కు భారతదేశం అధిక వృద్ధి మార్కెట్‌గా ఉంది,మన భారతీయ కార్యకలాపాలను తదుపరి స్థాయికి తీసుకువెళ్ళడానికి అరవింద్ తన నైపుణ్యాన్ని ఉపయోగిస్తాడు.

మిస్టర్ అరవింద్ చంద్ర, డివిజనల్ సీఈఓ ,అలియాక్సిస్ ఇండియా ఇలా వ్యాఖ్యానించారు, “భారతదేశం ఎదుర్కొంటున్న నీటి సవాళ్లను పరిష్కరించడానికి అలియాక్సిస్‌లో చేరడం నాకు చాలా ఆనందంగా ఉంది.ఆశీర్వాద్ బృందంతో కలిసి, మేము మా కస్టమర్‌లు ఆశించే అధిక-నాణ్యతతో కూడిన పరిష్కారాలను అందిస్తున్నందున, స్థిరత్వం, ఆవిష్కరణ రెండింటిపై బలమైన దృష్టితో వృద్ధిని అందిస్తాము.

అరవింద్ చంద్ర అలియాక్సిస్‌లో చేరడానికి ముందు మిండా కార్పొరేషన్ (NSE:MINDACORP)లో తన బాధ్యతలను నిర్వర్తించారు, ఆటోమోటివ్ రంగంలో వారి అతిపెద్ద బిజినెస్ వర్టికల్‌కు CEOగా ఉన్నారు.అతని పదవీకాలంలో, కంపెనీ గణనీయమైన టాప్ లైన్ మరియు బాటమ్-లైన్ వృద్ధితో 400+% స్టాక్ ధరల లాభాలను నమోదు చేసింది.

అతను టయోటా, ZF-Wabco, Borg Warner-Phinia, Forviaవంటి వివిధ అగ్ర సాంకేతిక సంస్థలలో 8 దేశాలు, 4 ఖండాలు,స్ట్రాటజీ, మార్కెటింగ్, సేల్స్, R&D, మ్యానుఫాక్చరింగ్, క్వాలిటీ ప్లస్P&L, ఇంకా ఇతర బహుళ రంగాలలోట్రాన్స్ఫార్మేషన్ ప్రాజెక్టులకు నాయకత్వం వహించిన30 సంవత్సరాలకు పైగా పని అనుభవాన్ని కలిగి వున్నాడు.అతను ఈ కాలంలో B2B, B2C రెండింటిలోనూ విస్తృతంగా సంప్రదింపులు జరిపాడు.

అరవింద్ ముంబై విశ్వవిద్యాలయం నుండి కెమికల్ ఇంజనీరింగ్‌లో BS డిగ్రీని, ఓక్లహోమా స్టేట్ యూనివర్శిటీ నుండి ఇండస్ట్రియల్ ఇంజనీరింగ్‌లో MS డిగ్రీని, USAలోని మిచిగాన్ విశ్వవిద్యాలయం నుండి MBA పట్టా పొందారు.

మిస్టర్ ఎరిక్ ఒల్సేన్,CEO, అలియాక్సిస్,ఇలా అన్నారు,“అరవింద్ చంద్ర డైనమిక్ నాయకత్వంలో మా భారతీయ వ్యాపారం, ఈ తదుపరి అధ్యాయం కోసం మేము చాలా సంతోషిస్తున్నాము.విస్తృత శ్రేణి పరిశ్రమలలో వృద్ధి ,లాభదాయకతను ముందుకు తీసుకెళ్ళడంలో అరవింద్ తన 30 ఏళ్ల గ్లోబల్ ట్రాక్ రికార్డ్‌తో ఆకట్టుకున్నాడు.

రాబోయే సంవత్సరాల్లో అలియాక్సిస్‌కు భారతదేశం అధిక వృద్ధి మార్కెట్‌గా ఉంది. మన భారతీయ కార్యకలాపాలను తదుపరి స్థాయికి తీసుకువెళ్ళడానికి అరవింద్ తన నైపుణ్యాన్ని ఉపయోగిస్తాడు.

మిస్టర్ అరవింద్ చంద్ర, డివిజనల్ సీఈఓ ,అలియాక్సిస్ ఇండియా ఇలా వ్యాఖ్యానించారు, “భారతదేశం ఎదుర్కొంటున్న నీటి సవాళ్లను పరిష్కరించడానికి అలియాక్సిస్‌లో చేరడం నాకు చాలా ఆనందంగా ఉంది.ఆశీర్వాద్ బృందంతో కలిసి, మేము మా కస్టమర్‌లు ఆశించే అధిక-నాణ్యతతోకూడిన పరిష్కారాలను అందిస్తున్నందున, స్థిరత్వం,ఆవిష్కరణ రెండింటిపై బలమైన దృష్టితో వృద్ధిని అందిస్తాము.

అరవింద్ చంద్ర అలియాక్సిస్‌లో చేరడానికి ముందు మిండా కార్పొరేషన్ (NSE:MINDACORP)లో తన బాధ్యతలను నిర్వర్తించారు, ఆటోమోటివ్ రంగంలో వారి అతిపెద్ద బిజినెస్ వర్టికల్‌కు CEOగా ఉన్నారు.అతని పదవీకాలంలో, కంపెనీ గణనీయమైన టాప్ లైన్, బాటమ్-లైన్ వృద్ధితో 400+% స్టాక్ ధరల లాభాలను నమోదు చేసింది.

అతను టయోటా, ZF-Wabco, Borg Warner-Phinia, Forviaవంటి వివిధ అగ్ర సాంకేతిక సంస్థలలో 8 దేశాలు, 4 ఖండాలు, స్ట్రాటజీ, మార్కెటింగ్, సేల్స్, R&D, మ్యానుఫాక్చరింగ్, క్వాలిటీ ప్లస్P&L, ఇంకా ఇతర బహుళ రంగాలలోట్రాన్స్ఫార్మేషన్ ప్రాజెక్టులకు నాయకత్వం వహించిన30 సంవత్సరాలకు పైగా పని అనుభవాన్ని కలిగి వున్నాడు.అతను ఈ కాలంలో B2B,B2C రెండింటిలోనూ విస్తృతంగా సంప్రదింపులు జరిపాడు.

అరవింద్ ముంబై విశ్వవిద్యాలయం నుండి కెమికల్ ఇంజనీరింగ్‌లో BS డిగ్రీని, ఓక్లహోమా స్టేట్ యూనివర్శిటీ నుండి ఇండస్ట్రియల్ ఇంజనీరింగ్‌లో MS డిగ్రీని, USAలోని మిచిగాన్ విశ్వవిద్యాలయం నుండి MBA పట్టా పొందారు.

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