I Am Bhojpuriya

Author: Sutun Nayak

  • Manzil Majlis Brings UAE Investment Spotlight to Mumbai, Hosts Over 250 UHNI Stakeholders

    Manzil Majlis Brings UAE Investment Spotlight to Mumbai, Hosts Over 250 UHNI Stakeholders

    Mumbai (Maharashtra) [India], August 7: Manzil Asset Management , which manages over $500 million in global real estate assets, successfully hosted the inaugural edition of Manzil Majlis—a private UAE-focused investment summit—on August 2, 2025, at The Bay Club, BKC, Mumbai.

    Unlike traditional real estate expos, Manzil Majlis is positioned as a closed-door, education-first initiative, bringing together a carefully curated audience of over 250 attendees. The summit featured a unique mix of Indian UHNIs, HNIs, family offices, venture capitalists, private equity partners, wealth advisors, and entrepreneurs, offering a strategic platform to decode the evolving dynamics of investing in Dubai’s real estate and business ecosystem.

    Departing from transactional showcases, the event featured in-depth, closed-circle sessions with senior policymakers from Dubai, international legal and tax experts, and top-tier developers including Damac, Binghatti, and One Development. Notably, over 15 developers from Mumbai and Pune also attended, exploring opportunities to scale their operations into the UAE market.

    The summit emphasized practical frameworks for international investment, focusing on five key themes:

    • Understanding Dubai’s rental yield cycles and resale market
    • Golden Visa eligibility and long-term migration strategies
    • Legal structuring using SPVs and international holding companies
    • Leveraging India’s LRS (Liberalised Remittance Scheme)
    • Accessing fractional ownership, distressed assets, and off-market deals

    The speaker roster featured notable names such as: Saagar Panchal, CEO & Founder, Manzil Asset Management; Sanjay Manchanda, former CEO of Nakheel; Ashish Mehta, Legal expert and Managing Partner, Ashish Mehta & Associates; CA Sarthak Ahuja, CFO, Author & Leading Financial Expert; Prateek Tosniwal, international tax and structuring advisor; Pratik Singh, GM, Manzil Asset Management; Cornelia Pintilie, CSO, Manzil Asset Management; Rashed Al-Tamimi, Director, Investment Sales & Partnerships;  Chintan Vasani, Director at B D Vasani & Co. and Rajat Kaura, Creative Director, Manzil Asset Management.

    According to Saagar Panchal, the vision for Manzil Majlis is long-term. “This is not a one-time gathering. Manzil Majlis is the entry point to a larger Manzil UAE Investment Circle—a private community that facilitates verified deal flow, migration services, and custom investment advisory for Indian capital looking to expand abroad.”

    Highlighting comparative returns, he noted, “A Rs.2 crore property in Mumbai may offer Rs.4 lakh in annual rental income, while the same amount invested in Dubai often yields Rs.10–12 lakh annually—without the burden of direct taxation.”

    Legal and tax experts at the summit addressed structural bottlenecks that have historically limited Indian investor access to global real estate markets. Prateek Tosniwal, International Tax Consultant, stated that the event is expected to generate investment commitments upwards of Rs.250 crore in Dubai over the coming months.

    Rajat Kaura, Creative Director & Brand Advisor, Manzil Asset Management stated, “Manzil Majlis is the opportunity to be a part of an exclusive investment inner circle. It’s where discerning investors meet real data-centric strategy. For UHNIs, it’s a chance to tap into Dubai’s next wave of growth aligned to the growth strategy of the UAE. For us, it’s the start of building an IP that rewrites the playbook, where education, access, and asset intelligence converge. This isn’t hype. It’s legacy in motion.”

    The broader investment sentiment echoed optimism. With Dubai’s prime real estate zones showing 20–30% year-on-year appreciation, and net tax-free rental yields between 7–10%, Indian investors are increasingly seeking institutional guidance for global portfolio diversification.

    Speaking at the event, Cornelia Pintilie emphasized Dubai’s infrastructural growth, pointing to the new airport zone, upcoming economic hubs, and strong education ecosystem as catalysts for sustainable real estate demand. “Our model offers full-spectrum portfolio management—from asset selection and due diligence to post-possession rental support.”

    Rashed Al-Tamimi highlighted Dubai’s safe environment, strong logistics, and welcoming business policies as key drivers for Indian interest. “We see Indian investors as partners in our long-term vision for regional growth,” he said.

    Despite rising interest, experts cautioned that reliable advisory, transparency, and long-term servicing remain critical to capital deployment in overseas markets. Manzil Majlis aims to bridge this trust gap through a neutral, insights-driven format, equipping investors with not just options—but the right questions to ask and frameworks to adopt.

    For additional details and upcoming initiatives, visit www.manzil.am

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  • Veefin Announces Proposed Strategic Consolidation of Estorifi and GlobeTF with Parent Company to Unlock Operating Synergies and Drive Global Growth

    Veefin Announces Proposed Strategic Consolidation of Estorifi and GlobeTF with Parent Company to Unlock Operating Synergies and Drive Global Growth

    Mumbai (Maharashtra) [India], August 7: Veefin Solutions Limited (BSE: VEEFIN | 543931), a leading global provider of working capital technology solutions, today announced that its Board has granted in-principle approval for the consolidation of its subsidiaries, Estorifi Solutions Limited (“Estorifi”) and GlobeTF Solutions Limited (“GlobeTF”), with the parent company by way of merger or such other means.

    This marks a significant milestone in Veefin’s mission to create the world’s most comprehensive and scalable working capital technology platform. The move will bring all core product verticals—embedded finance, trade finance, digital lending, and cash management—under one integrated umbrella.

    Creating Synergies Across a Unified Platform

    Over the last year, Veefin has built a robust and interoperable financial ecosystem through organic growth and strategic acquisitions. Each business now complements the other, forming an end-to-end technology stack for financial institutions and corporates:

    • Estorifi (operating PSBXchange) connects Corporates and SMEs onfintechs, marketplaces, and other non-financial platforms for their SCF, Trade finance and working capital needs to multiple Banks and NBFCs. This unified platform is a global-first, and will act as the common technology bridge for financial institutions.

    • GlobeTF enhances Veefin’s capabilities by integrating transaction banking solutions, including trade finance and cash management, into a comprehensive transaction banking suite.

    • Together, they complete Veefin’s vision of a modular, API-first infrastructure that supports the entire working capital lifecycle – from loan origination to collections, and from invoice automation to risk monitoring.

    Speaking on the announcement, Mr. Raja Debnath, Chairman & Managing Director of Veefin Solutions Limited, said: “This consolidation marks a natural progression in our journey to build the world’s most comprehensive and scalable working capital platform. It simplifies our corporate structure and accelerates our long-term vision of creating the largest global working capital ecosystem. A unified structure empowers us to execute strategic priorities more efficiently – be it expanding recurring revenues, entering new markets, or unlocking cross-sell and upsell opportunities across our client base – ultimately reducing customer acquisition costs and increase in revenue”

    Mr. Gautam Udani, COO & Whole-Time Director, added: “This proposed consolidation will unlock operating leverage and significantly enhance our product proposition. It gives us the agility to innovate faster, offer bundled solutions across supply chain, trade and embedded finance, and deliver a truly seamless experience to our clients.”

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  • Sawaliya Food Products Limited’s Anchor Book Subscribed Successfully Ahead of IPO Launch

    Sawaliya Food Products Limited’s Anchor Book Subscribed Successfully Ahead of IPO Launch

    Mumbai (Maharashtra) [India], August 7: Sawaliya Food Products Limited, a leading manufacturer of dehydrated vegetables and agro-based ingredients, is pleased to announce the successful subscription of its Anchor Investor portion ahead of the Company’s Initial Public Offering (IPO), which is set to open on Thursday, August 7, 2025.

    The Company has allocated 8,19,600 equity shares at the upper price band of ₹120 per equity share, raising a total of ₹9.84 crore from prominent institutional investors. The robust participation in the anchor book signals strong institutional confidence in Sawaliya Food Products’ business model, financial performance, and future growth prospects.

    Anchor Investors Allotted:

    • Beacon Stone Capital VCC – Beacon Stone I – ₹5.39 Cr
    • Craft Emerging Market Fund PCC – Elite Capital Fund – ₹2.45 Cr
    • North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund – ₹2.00 Cr

    The successful anchor participation underscores institutional interest in Sawaliya’s robust fundamentals, export-driven growth, and value-added food processing capabilities.

    IPO Snapshot:

    • Issue Size: ₹34.83 Cr (at upper band)
    • Price Band: ₹114 – ₹120 per share
    • Offer Opens: August 7, 2025
    • Offer Closes: August 11, 2025
    • Listing: NSE Emerge

    The IPO comprises a Fresh Issue of 26.03 lakh equity shares and an Offer for Sale of 3 lakh equity shares. Net proceeds from the issue will be used for capital expenditure (new/upgraded machinery and rooftop solar plant), working capital, partial debt repayment, and general corporate purposes.

    Commenting on the milestone, Mr. Raghav Somani, Managing Director, said: “We are extremely grateful for the trust shown by reputed institutional investors in our journey. The strong anchor participation is a testimony to our differentiated business model and the strategic shift towards automation, sustainability, and global markets. With this support, we are confident of scaling our operations and delivering consistent long-term value to all stakeholders.”

    Offer Intermediaries:

    • Book Running Lead Manager: Unistone Capital Private Limited
    • Registrar to the Offer: Skyline Financial Services Private Limited
    • IR & PR Partner: ORIM Connect

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  • Oben Electric Launches Next-Gen Rorr EZ Sigma at an Introductory Price of Rs 1.27 Lakh

    Oben Electric Launches Next-Gen Rorr EZ Sigma at an Introductory Price of Rs 1.27 Lakh

    Bengaluru (Karnataka) [India], August 6: Oben Electric, India’s homegrown R&D-driven electric motorcycle manufacturer, today announced the launch of Rorr EZ Sigma – the bold electric, next-generation electric commuter motorcycle at a special introductory price starting at ₹1.27 Lakh for a limited period. Designed to redefine city commuting for the modern Indian rider, Rorr EZ Sigma builds on the strong commuter-first DNA that made the Rorr EZ a success, introducing key hardware and software upgrades to elevate both experience and utility.

    Highlights:

    • Rorr EZ Sigma comes equipped with Reverse Mode, a 5-inch TFT colour display, new smart features such as navigation, call, message & music Alerts, enhanced seat comfort & bold new graphics, redefining the next-gen electric commuter experience for today’s city riders.
    • Powered by Oben’s proprietary high-performance LFP battery tech, Rorr EZ Sigma is available in 3.4 kWh and 4.4 kWh battery variants
    • Immediate bookings open at just ₹2,999 with test rides now live across Oben Electric showrooms nationwide. Deliveries begin from 15th August 2025.

    New additions include Reverse Mode for easy manoeuvring in tight urban spaces, while a 5-inch TFT colour display enhances dashboard interaction with built-in navigation, trip meter, and real-time alerts for calls, messages, and music. An ergonomically redesigned seat offers enhanced comfort over longer commutes, while the bolder design graphics and the new Electric Red colour add fresh energy to the existing colour palette – Photon White, Electro Amber, and Surge Cyan.

    Available in two battery variants, the Rorr EZ Sigma debuts at a special introductory price of ₹1.27 lakh for the 3.4 kWh model and ₹1.37 lakh for the 4.4 kWh model. Prices will be 1.47 lakh and ₹1.55 lakh respectively post the launch offer period. Offering customers an accessible entry into the world of electric motorcycles, the Rorr EZ Sigma is available with EMIs starting as low as ₹2,999.

    Rorr EZ Sigma customers will also receive a complimentary one-year subscription to the upgraded Oben Electric App. This connected app enables riders to track ride details, locate their motorcycle using ‘Find My Rorr’ with built-in GPS and geo-fencing, access remote diagnostics, receive smart alerts, locate charging stations across a 68,000+ network, and activate Anti-Theft protection with a remote lock, offering complete visibility and control from their smartphone.

    At its core, the Rorr EZ Sigma is powered by Oben Electric’s patented high-performance LFP battery technology, offering 50% higher temperature resistance, twice the lifespan, and unmatched reliability across India’s diverse climates. Both variants of the Rorr EZ Sigma deliver a top speed of 95 km/h and accelerate from 0 to 40 km/h in just 3.3 seconds. With class-leading torque of 52 Nm, the bike ensures swift acceleration and a smooth, exhilarating ride, making it ideal for navigating urban traffic. With an IDC range of up to 175 km and three ride modes – Eco, City, and Havoc, for adaptive power delivery, Rorr EZ Sigma offers city riders the freedom to commute confidently without frequent charging interruptions. Furthermore, the Rorr EZ Sigma is also equipped with fast-charging capabilities, allowing it to achieve a 0 to 80% charge in just 1.5 hours.

    Commenting on the launch, Madhumita Agrawal, Founder & CEO, Oben Electric, said, “The launch of Rorr EZ Sigma represents a decisive step forward in our journey to shape the future of city commuting. With this next-generation model, we’ve gone beyond incremental upgrades to address the deeper expectations of today’s commuter, combining intelligence, comfort, and reliability in a motorcycle that’s built for India. Rorr EZ Sigma reflects our continued commitment to engineering electric motorcycles that are not just technologically advanced but meaningfully aligned with real-world usage and aspirations.”

    Oben

    Built on Oben’s indigenous ARX frame, the Rorr EZ Sigma is purpose-tuned for Indian roads, offering a high 200 mm ground clearance and a 7-step adjustable rear mono-shock suspension for a stable and comfortable ride across varied city terrains. Engineered with a strong focus on rider safety, it features Unified Brake Assist (UBA) for precise stopping power and a Driver Alert System (DAS) that signals when the vehicle is powered on. Safety is further enhanced with 130/70-17 wide tyres for superior grip and road stability, a 230 mm water-wading depth for reliable performance on flooded roads, and intelligent security features such as geo-fencing-based theft protection, battery theft lock, and patented vandalism protection.

    Bookings for Rorr EZ Sigma are now open for ₹2,999, with test rides live across Oben showrooms nationwide and customer deliveries commencing August 15, 2025. Backed by Oben’s integrated in-house manufacturing and streamlined distribution network, Oben ensures swift fulfilment, eliminating long wait times and delivering a seamless purchase-to-ride experience. Also, customers can purchase Rorr EZ Sigma on Amazon.

    To further reinforce long-term ownership value, Oben is offering the Battery Protect 8/80 Plan with the Rorr EZ Sigma at just ₹9,999, a transferable 8-year or 80,000 km battery warranty designed to enhance long-term ownership value and boost resale confidence.

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  • A Rare Double for India’s Shipping – 2 Big Laws Cleared in a Single Day

    A Rare Double for India’s Shipping – 2 Big Laws Cleared in a Single Day

    New Delhi [India], August 6: If you were anywhere near Parliament on 6 August, you could feel it. Not the usual bustle alone, but that slightly charged air that comes when something off-script is about to happen. And it did. By evening, both Houses had signed off on two big maritime bills in the span of a single day, a first for the Ministry of Ports, Shipping and Waterways.

    In the Lok Sabha, the Merchant Shipping Bill, 2024, cruised through. A fresh, sleeker rulebook meant to replace the hefty 1958 Act that’s been groaning under amendments for decades. 

    Meanwhile, across the hall, the Rajya Sabha voted through the Carriage of Goods by Sea Bill, 2025, finally showing the 1925 colonial-era law the door. It was a day of paperwork, yes, but also a quiet reset for a sector that moves almost all of India’s trade.

    Why the Shipping Act Needed a Refit

    The original Merchant Shipping Act wasn’t exactly bedtime reading. At 561 sections, it could overwhelm even the most patient policy wonk. Over the years, it became a patchwork of fixes,  and still left big gaps.

    The new 2024 bill pares it down to 16 parts and 325 clauses. More manageable. More in line with global conventions. Minister Sarbananda Sonowal called it a “decisive step” towards making India a top-tier maritime hub. Stripped of political flourish, it’s meant to cut compliance clutter, raise safety standards, and look after the people who actually run these ships,  the seafarers.

    And there’s the other part: perception. In shipping, trust matters almost as much as tonnage. If the rules are clear and match international standards, foreign shippers are more willing to dock, invest, and partner. That’s the undercurrent here.

    The End of 1925, Finally

    Over in the Rajya Sabha, the atmosphere was different, but the mission was similar: clear the decks. The Carriage of Goods by Sea Act, 1925, had been around so long that it was almost invisible. Outdated, too.

    The 2025 bill swaps in the Hague-Visby Rules,  the same framework used by the UK and others, making contracts and cargo claims easier to understand and less likely to land in endless court battles. Minister of State Shantanu Thakur framed it as part of shedding “the colonial mindset” in laws. That line got nods, even from benches usually quick to push back.

    There’s a trade angle here as well. With modernised laws, India strengthens its hand in agreements like the Comprehensive Economic and Trade Agreement with the UK. For shipping companies, that means less uncertainty, faster clearance, and more predictable costs.

    Beyond the Fine Print

    It’s tempting to see these bills as just legal housekeeping. But they ripple out. Around 95% of India’s trade by volume moves by sea. When the laws guiding that trade are outdated, everyone feels it, from exporters in Surat to importers in Chennai, from port workers to shipping insurers.

    MPs did raise worries about smuggling and maritime security. The government responded that safeguards, both operational and legal, were being strengthened. For once, there seemed to be agreement across parties that this overhaul was overdue.

    And the pairing of the two bills in one day? That’s more than symbolism. One law tidies up governance of ships and crews; the other smooths the way for goods to move. Together, they make the system tighter and more transparent.

    Closing the Day

    By the end of the session, Minister Sarbananda Sonowal was talking about a “double endorsement” for the government’s maritime vision. Minister of State Shantanu Thakur spoke of swapping “outdated norms for modern standards.” It was classic framing. But in between the speeches and the procedures, you could see the practical side: rules that match the world we trade with today, not the one we inherited a century ago.

    Will it all work as smoothly as promised? Time, and the tides, will tell. But for now, the shipping sector has a pair of new anchors in law. And somewhere out at sea, a captain scanning the headlines might just allow himself a smile.

    PNN News

  • Keashnagar Bengali Association Brings Durga Puja Festivities to Keshavnagar

    Keashnagar Bengali Association Brings Durga Puja Festivities to Keshavnagar

    Pune  (Maharashtra) [India], August 6:  The festive spirit of Kolkata is set to light up Pune as the Keashnagar Bengali Association (KBA) organizes its annual Durga Puja celebration at the PMC Ground, beside Renuka Mata Mandir, Keshavnagar.

    From 28th September to 2nd October, the venue will transform into a vibrant hub of tradition, devotion, and cultural extravaganza. The five-day event will feature daily puja rituals, cultural performances, and a wide range of food stalls, recreating the true essence of a Kolkata-style Durga Puja.

    This year, KBA is going all out to offer a cultural fest, featuring music, dance, drama, and community activities aimed at bringing people together. The association’s goal is to offer not just a religious experience, but a celebration of Bengali culture that resonates with all.

    “Our vision is to bring the Durga Puja vibe of Kolkata right here to Pune. We want everyone to feel the joy, energy, and warmth that makes this festival so special,” said a KBA representative.

    Open to all communities, the event invites residents of Pune and beyond to take part in the celebration, experience the cultural richness, and be a part of this grand festive journey.

    Event Details:
    ? Location: PMC Ground, beside Renuka Mata Mandir, Keshavnagar
    ? Dates: 28th September – 2nd October 2025
    ? Organized by: Keashnagar Bengali Association (KBA)

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  • Steel Exchange India Limited Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Vizag

    Steel Exchange India Limited Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Vizag

    Visakhapatnam (Andhra Pradesh) [India], August 6: Steel Exchange India Limited (NSE: INE503B01021, BSE:  534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.

    This collaboration marks a significant step toward unlocking cargo movement potential across both inland and coastal routes. The parties intend to jointly evaluate and pursue opportunities related to:

    • Operation of container trains from the proposed General Cargo Terminal (GCT)
    • Coastal shipping of cargo using domestic barges and containers
    • Rail-based inland transport for steel and general cargo
    • Development of end-to-end multimodal logistics services

    The proposed initiatives will bring together the strengths of all three entities:

    • SEIL’s developing GCT rail siding,
    • VPL’s established regional logistics infrastructure, and
    • HTPL’s expertise in port-linked cargo operations.

    Together, the partners aim to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam.

    This agreement reflects a shared vision to build integrated logistics infrastructure that caters to both captive and third-party cargo movement. While non-binding in nature, the collaboration sets the foundation for detailed feasibility studies, pilot operations, and potential future commercial partnerships.

    For Steel Exchange India, the initiative is expected to significantly enhance supply chain efficiency, unlock value from its logistics assets, and support the long-term competitiveness of its core steel business.

    Commenting on the development Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, “This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag’s growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans.”

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  • Bombay Industries Association Indoor Tournament 2025 Blends Sportsmanship with Networking

    Bombay Industries Association Indoor Tournament 2025 Blends Sportsmanship with Networking

    Mumbai (Maharashtra) [India], August 6: The Bombay Industries Association (BIA) hosted its annual Indoor Tournament on Sunday at the Juhu Vile Parle Gymkhana, drawing enthusiastic participation from business leaders and their families for a day of competitive sports, networking, and community bonding.

    The event, organized by the BIA Sports Committee, featured badminton and carrom as the two main attractions, bringing together over a dozen corporate teams in an atmosphere charged with energy and camaraderie.

    “The main motto of this event goes beyond sports. It’s about bonding, wellness, and strengthening our community spirit,” said Hitesh Shah, President of BIA.

    “At BIA, we don’t just host business forums—we create informal platforms where members can connect, collaborate, and grow. Sports is a powerful enabler for that.”

    The badminton tournament was the headline event, with 12 high-spirited teams competing for the Winner’s Trophy across three simultaneously active courts. The participating teams included Lords Super Warrior, Roman Tigers, Kapri Ninja, Black Panthers, Super Strikers, Raj Coolers, Kat Dynamos, Sai Stunners, Shamkrts Super Kings, Empower Smashers, Vedhik Stars, and Kare Fighters. Each team brought fierce determination, strategy, and sportsmanship to the game, contributing to an electrifying tournament atmosphere.

    Spectators witnessed nail-biting rallies and impressive athleticism as teams battled it out, cheered on by colleagues, friends, and families. The venue reverberated with applause and team chants, creating a festival-like environment.

    Complementing the action on the court, the carrom segment offered a calmer yet equally engaging experience. Designed to encourage wider participation, the carrom games attracted members across age groups and skill levels, contributing to the inclusive spirit of the event.Sponsor stalls and interactive booths added a business dimension to the festivities, enabling informal product showcases and brand engagement alongside the matches.

    Through friendly competition and genuine team spirit, this event created an atmosphere where collaboration and connection thrived. It was a reminder that strong networks are built not just in boardrooms, but on the field too.”  Ritesh Choksi Secretary, BIA

    With strong turnout, spirited competition, and community engagement at its core, the 2025 BIA Indoor Tournament marked another milestone in the association’s calendar. It underscored BIA’s dedication to holistic member development both on and off the field.

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  • Connplex Cinemas Limited IPO Opens on August 07, 2025

    Connplex Cinemas Limited IPO Opens on August 07, 2025

    Mumbai (Maharashtra) [India], August 6: Connplex Cinemas Limited (Connplex, The Company) is an entertainment company revolutionising the cinema industry with a focus on luxury. It proposes to open its Initial Public Offering on August 07, 2025, aiming to raise ₹ 90.27 Crore (At the Upper Price Band) by fresh issue of 51,00,000 equity shares, to be listed on the NSE Emerge platform.

    The issue size is 51,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 168 – ₹ 177 per share.

    Equity Share Allocation

    • QIB Anchor Portion – Up to 14,52,000 Equity Shares
    • Qualified Institutional Buyer – Up to 9,68,800 Equity Shares
    • Non-Institutional Investors – Not Less Than 7,27,200 Equity Shares
    • Individual Investors – Not Less Than 16,96,000 Equity Shares
    • Market Maker – Up to 2,56,000 Equity Shares

    The net proceeds from the IPO will be utilised for capital expenditure requirements for the purchase of the corporate office, purchase of LED Screens and Projectors, Working Capital requirements and general corporate expenses. The anchor portion will open on August 06, 2025, and the issue will close on August 11, 2025.

    The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is MUFG Intime India Private Limited

    Mr. Anish Tulshibhai Patel, Managing Director, and Mr. Rahul Kamleshbhai Dhyani, Joint Managing Director of Connplex Cinemas Limited, expressed, “Going public is an important milestone for Connplex Cinemas as we move into our next phase of development. From the outset, our focus has been on redefining how cinema is experienced—making it more comfortable, more engaging and more accessible. With the support of this IPO, we plan to invest in infrastructure that allows us to maintain high-quality standards while expanding our footprint across both urban and emerging markets. This includes setting up our corporate headquarters and upgrading key technologies like LED screens and projectors. Our goal remains simple: to deliver a reliable and enjoyable cinema experience to more people across India.”

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  • World Sanskrit Day: 15 Years of Ink, Intention, and India’s Oldest Voice

    World Sanskrit Day: 15 Years of Ink, Intention, and India’s Oldest Voice

    Surat (Gujarat) [India], August 6: While the holy thread of Raksha Bandhan binds brothers and sisters in a relation of care and love, another thread—entwined in the literature of Devavani (the language of the gods)—silently makes the cultural DNA of Bharat stronger. World Sanskrit Day, which comes every year on Shravan Purnima, is not merely an ode to a classical language—it’s a clarion call to bring back a civilisation’s soul.

    For more than 15 years now, ‘Vishvasya Vrutantam’, a Sanskrit newspaper based out of Surat, Gujarat, has remained a testament to that behest. At a time when online chatter swamps cultural complexity, this newspaper has elected against-the-grain articulation—in Sanskrit.

    Sanskrit: More Than a Sacred Script

    To many, Sanskrit is a language locked in the sanctum of temples, fit for chants and rituals alone. But ask Shri Shivraj Jha “Shantey”, the articulate editor of Vishvasya Vrutantam, and he’ll dismantle that perception with clarity:

    “Sanskrit isn’t just ritualistic. It’s scientific. It’s poetic. It’s philosophical. It’s precise. And above all, it’s alive—if we let it live.”

    The paper doesn’t just report in Sanskrit. It speaks to today’s reader—whether it’s politics, science, sports, or social movements, Vishvasya Vrutantam presents it all in accessible, journalistic Sanskrit. That’s not merely reportage; that’s a revolution in disguise.

    From Surat to the World: The Quiet Expansion

    What began as a local initiative has grown into a global cultural bridge. With readers not just in India but also in Ireland, the US, and other parts of Europe, the publication has carved a niche in unexpected places.

    Ireland, for instance, has introduced Sanskrit in some of its primary schools—something India might do well to emulate more ambitiously. The irony is not lost: as the West rediscovers Indic wisdom systems, Indians often regard Sanskrit as “too difficult” or “outdated.”

    A Publisher’s Mission

    At the heart of this unique media venture is Murtaza Khambhatwala, the publisher who believed that Sanskrit deserved its place on breakfast tables, just like English or Hindi. For him, the decision was simple:

    “If we can publish dailies in dozens of Indian languages, why should Sanskrit remain sidelined—the very mother of them all?”

    Khambhatwala’s vision isn’t fuelled by nostalgia; it’s a strategy to make Sanskrit visible, usable, and modern. The publication circulates digitally to hundreds of readers, offers simplified sentence structures, and makes room for contemporary content—all while upholding linguistic purity.

    The State’s Acknowledgment

    In 2019, the Gujarat edition of the Sanskrit Bharati convention witnessed the Vishvasya Vrutantam team being honored by the Chief Minister himself. It was not just a token gesture—it was an institutional recognition of a movement that was grassroots in nature.

    The journal has documented more than 600 key events in Sanskrit such as cultural events like the Prayagraj Mahakumbh, government schemes, and educational reforms in Uttar Pradesh. Symbolically, these articles were handed over in the form of a book to CM Yogi Adityanath, further strengthening the position of Sanskrit not merely in tradition but also in governance and communication.

    Not Just for Classrooms—For Conversations

    With the New Education Policy (NEP) giving Sanskrit a renewed place in school curricula, the need for day-to-day content in the language is now greater than ever. Textbooks alone won’t breathe life into Sanskrit—it needs conversational, contemporary use, which this newspaper supplies with consistency.

    What Vishvasya Vrutantam is doing is something few institutions have managed: normalising Sanskrit. Not just for ceremonies or slogans, but for analysis, interviews, editorials, and even advertisements.

    The Everyday Test: Will We Use It or Just Praise It?

    If Sanskrit is to reassert itself as the foundation of Indian intellectual life, it needs to become a contemporary language, not a retro one. That implies pulling it out of upper-class seminars and putting it into WhatsApp groups, newspaper columns, YouTube interviews, and podcasts.

    And that’s precisely what Vishvasya Vrutantam is planning. With new audio editions, mobile-friendly editions, and content for learners of Sanskrit, this is not a book—it’s a movement of the people, a people’s language movement.

    The Script of a Civilization, Still Being Written

    On this World Sanskrit Day, while India balances between fast modernisation and rediscovery of culture, the need for Sanskrit is no longer a point of argument. It is the tongue of Ayurveda, of Yoga Sutras of Patanjali, of mathematics of Bhaskaracharya, of drama of Kalidasa, and of a thousand-year-old civilizational dialogue.

    Sanskrit is not merely a language, it is the operating system of Indic wisdom.

    And in Surat, a small but mighty team of journalists is making sure that operating system stays updated—daily.

    And So, the Pen Returns to Sanskrit

    To forget Sanskrit is to forget the DNA of Bharat. But to revive it, we don’t need revolutions. We need routines.
    Newspapers such as Vishvasya Vrutantam are demonstrating that Sanskrit journalism is no novelty—it is a need.

    This World Sanskrit Day, let the word resound in every Indian household: संस्कृतं जीवति — Sanskrit Lives.