Latest news with #VipulAmrutlalShah
Khaleej Times
01-08-2025
- Politics
- Khaleej Times
India: National Award for Kerala Story 'grave insult' to state, says CM Pinarayi Vijayan
Kerala Chief Minister Pinarayi Vijayan has criticised the Indian government's decision to honour the movie, Kerala Story. The film won the Best Director and Best Cinematography awards at the 71st National Film Awards, announced on Friday, August 1. The 2023 release, directed by Sudipto Sen and produced by Vipul Amrutlal Shah, explores alleged cases of forced religious conversion in Kerala for ISIS recruitment. Vijayan accused the film of spreading misinformation and said that honouring such a film is a grave insult to the state. Without naming the film, he posted on X, "By honouring a film that spreads blatant misinformation with the clear intent of tarnishing Kerala's image and sowing seeds of communal hatred, the jury of the #NationalFilmAwards has lent legitimacy to a narrative rooted in the divisive ideology of the Sangh Parivar." "Kerala, a land that has always stood as a beacon of harmony and resistance against communal forces, has been gravely insulted by this decision. It is not just Malayalis, but everyone who believes in democracy, must raise their voice in defence of truth and the constitutional values we hold dear," he added. Kerala Story, starring Adah Sharma in the lead, drew criticism from the CPI(M)-led Kerala government during its release for its plot showing a group of women forcefully converted by the Islamic State.
News18
01-08-2025
- Entertainment
- News18
Vipul Shah On The Kerala Story National Award Win: ‘Tough Competition, But We're Grateful'
Last Updated: In an exclusive conversation with News18 Showsha, producer Vipul Amrutlal Shah shared his reaction to the unexpected double win for The Kerala Story. The Kerala Story, directed by Sudipto Sen and produced by Vipul Amrutlal Shah, bagged two prestigious honours at the 71st National Film Awards, announced on August 1. The film won Best Director for Sen and Best Cinematography, marking a significant moment for the team behind one of the most talked-about films of 2023. In an exclusive conversation with News18 Showsha, producer Vipul Amrutlal Shah shared his reaction to the unexpected double win. 'There's always a desire to get your work recognised. But it's a very tough competition. There are so many great films," said Shah, adding that the honours came as a pleasant surprise. 'This is the National Award and so, we can't really say that it's our right to win it. We just have to hope that the jury sees our work in that light. And I'm very glad that they've recognised the film," he added, acknowledging the diverse and high-quality content that was in the running this year. The Kerala Story, which stars Adah Sharma in the lead role, opened to mixed reviews, facing backlash and protests due to its polarising theme and political overtones. Still, the film resonated with a large section of the audience and emerged as one of the biggest commercial hits of the year. Despite the controversy, Shah is grateful for the jury's recognition. 'We all spoke. We cut the cake too just now. Sudipto da came to my office and we congratulated everybody. I also spoke to Adah. We're all really happy and grateful," he shared. The film, inspired by alleged real-life cases, centres on the conversion and radicalisation of Hindu women in Kerala, portraying their recruitment into ISIS. Its release was accompanied by legal challenges and calls for bans in states like Kerala, West Bengal, and Tamil Nadu. However, the controversy didn't stop its box office success. For Shah and his team, the National Awards now serve as a moment of validation amidst the storm of debate. 'It's been an emotional journey, and these wins are incredibly special," he concluded. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
18-06-2025
- Business
- Mint
Upcoming IPO: Sunshine Pictures, Lumino Industries, M&B Engineering get SEBI's nod to launch IPOs
Upcoming IPO: Film and television producer-director Vipul Shah-supported Sunshine Pictures, Lumino Industries, and M&B Engineering have received approval from Sebi to raise capital through initial public offerings (IPOs), according to an update released by the markets regulator on Tuesday. The three companies submitted their preliminary IPO documents to SEBI between January and February and received their observations from June 9 to June 13. In the context of SEBI, receiving observations signifies its approval to launch the public issue. Regarding the Sunshine Pictures IPO, it includes a total offering of 83.75 lakh equity shares, which consists of a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh shares by its promoters, as detailed in the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is set to sell 23.69 lakh shares, while Shefali Vipul Shah plans to sell 10.05 lakh shares. The company intends to use the funds raised from the fresh issue to meet its long-term working capital needs, with an allocation of up to ₹ 94 crore to bolster future growth and operations, along with other general corporate uses. Lumino Industries, an EPC company focused on conductors, power cables, and power EPC projects, aims to raise ₹ 1,000 crore through its inaugural public issue. The IPO consists of a fresh issue of shares worth ₹ 600 crore alongside an OFS of ₹ 400 crore from its promoters. The Kolkata-based firm plans to allocate ₹ 420 crore of the fresh issue proceeds to decrease its debts, ₹ 15 crore for capital expenditures, and the remainder for general corporate purposes. M&B Engineering, which specializes in Pre-Engineered Buildings (PEB) and Self-Supported Roofing, seeks to raise ₹ 653 crore through its initial share sale. The proposed IPO from the Gujarat-based company will include a fresh issue of equity shares amounting to ₹ 325 crore and an OFS worth ₹ 328 crore from its promoters, as indicated in the draft documents. The funds generated from the fresh issue, totaling ₹ 63.9 crore, will be utilized for purchasing equipment and machinery for the company's manufacturing facilities, while ₹ 60 crore will be directed towards debt repayment, ₹ 110 crore for working capital needs, and the remaining amount will be allocated for general corporate purposes. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
17-06-2025
- Business
- Time of India
Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Capital markets regulator Sebi has given the green light to three companies -- Vipul Shah-backed Sunshine Pictures , Gujarat-based M&B Engineering, and power infrastructure firm Lumino Industries -- to raise funds via initial public offerings (IPOs).Sunshine Pictures, co-founded by filmmaker Vipul Amrutlal Shah, has received approval to raise funds through an IPO comprising 83.75 lakh equity issue includes a fresh issue of 50 lakh shares and an offer-for-sale (OFS) of 33.75 lakh shares by promoters. Shah will offload 23.69 lakh shares while Shefali Vipul Shah will sell 10.05 lakh company plans to deploy up to Rs 94 crore from the fresh issue to meet long-term working capital needs and for general corporate Gujarat-based M&B Engineering, a leading manufacturer of Pre-Engineered Buildings (PEB) and Self-Supported Roofing systems, will raise Rs 653 crore through its offer comprises a fresh issue of Rs 325 crore and an OFS of Rs 328 crore by promoters. With one of the highest installed capacities in its segment—103,800 MTPA for PEB and 1.8 million sq. metres for Self-Supported Roofing—the company will allocate Rs 63.9 crore for machinery purchases, Rs 60 crore for debt repayment, and Rs 110 crore towards working capital parallel, Kolkata-based Lumino Industries, a fast-growing player in conductors, power cables, and EPC services, will tap the markets with a Rs 1,000 crore includes a fresh issue worth Rs 600 crore and an OFS of Rs 400 crore by promoters Devendra Goel and Jay Goel. The proceeds will be used for debt reduction (Rs 420 crore), capital expenditure (Rs 15.08 crore), and general corporate purposes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
17-06-2025
- Business
- Business Standard
Sunshine Pictures, Lumino, M&B Engineering secure Sebi nod for IPOs
Film and television producer-director Vipul Shah-backed Sunshine Pictures, Lumino Industries and M&B Engineering have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Tuesday. The three firms, which filed their preliminary IPO papers with Sebi during January-February, obtained their observations between June 9 and June 13. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As for the Sunshine Pictures issue, its IPO comprises a total offer size of 8.3 million equity shares, including a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 3.3 million shares by promoters, according to the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is proposing to sell 2.3 million shares, while Shefali Vipul Shah plans to offload 1 million shares. The company plans to utilise the proceeds from the fresh issue to meet its long-term working capital requirements, allocating up to Rs 94 crore to support future growth and operations, along with other general corporate purposes. Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, is looking to mobilise Rs 1,000 crore through its maiden public issue. The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an OFS of Rs 400 crore by promoters. The Kolkata-based company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing, and Rs 15 crore will go for capex, while the rest will be used for general corporate purposes. M&B Engineering, provider of Pre-Engineered Buildings (PEB) and Self-Supported Roofing, plans to raise Rs 653 crore through its initial share sale. The Gujarat-based company's proposed IPO is a combination of a fresh issue of equity shares valued at Rs 325 crore and an OFS of Rs 328 crore by promoters, the draft papers showed. Proceeds from the fresh issue to the extent of Rs 63.9 crore will be used for purchasing equipment and machinery for the company's manufacturing facilities, Rs 60 crore for payment of debt, Rs 110 crore to meet the company's working capital requirements and the remaining funds will be allocated towards general corporate purposes.
