Latest news with #Gujarat-based
News18
2 days ago
- Health
- News18
Mother Seeks Access To Dead Son's Semen; Bombay HC Orders Fertility Centre To Preserve Sample
Last Updated: According to the facility centre, the man had signed a consent form, stating that the sample should be discarded after his death The Bombay High Court has ordered a Mumbai-based fertility centre to preserve the frozen semen of an unmarried man who passed away earlier this year. The order came after the man's mother filed a petition seeking access to the sample to continue the family line. The mother approached the High Court after the fertility centre refused to release the semen. According to the fertility centre, the man had signed a consent form during his cancer treatment, stating that the sample should be discarded after his death. The semen had been frozen while he was undergoing chemotherapy. In an interim order issued on June 25, a bench led by Justice Manish Pitale observed that discarding the sample before hearing the petition would make the matter pointless. The court therefore asked the fertility centre to ensure the safe storage of the sample till the next hearing, scheduled for 30 July. 'In the meanwhile, as an interim direction, the fertility centre is directed to ensure safe-keeping and storage of the frozen sample of the deceased, during pendency of the petition," the court ordered. The court also said the case raises important questions about how a person's semen should be handled after death under the Assisted Reproductive Technology (Regulation) Act, 2021. The mother argued that her son had agreed to discard the sample without discussing it with the family. After his death in February, she requested the centre to release the semen so it could be transferred to a Gujarat-based IVF clinic for further steps. However, the fertility centre refused and insisted she obtain legal permission under the new law, which regulates and monitors ART clinics and procedures to ensure ethical use and protect the rights of those involved. First Published: June 27, 2025, 18:17 IST
NDTV
2 days ago
- Health
- NDTV
Woman Wants To Access Dead Son's 'Frozen Semen'. Bombay High Court Steps In
Mumbai: The Bombay High Court, in an interim order, has directed a city-based fertility centre to preserve the frozen semen of a dead man pending hearing of a petition by his mother who wants to use the fluid to continue the family line. The woman moved the HC after the fertility centre refused to release the frozen semen to her as the man, in his consent forms, had sought for the sperm carrying fluid to be discarded post-death. The man had chosen to freeze his semen when he was undergoing chemotherapy, a cancer treatment. A bench of Justice Manish Pitale on June 25 noted that if the frozen semen of the dead man is discarded pending hearing of the plea, then it would become infructuous. The court posted the petition for further hearing on July 30. "In the meanwhile, as an interim direction, the fertility centre is directed to ensure safe-keeping and storage of the frozen sample of the dead, during pendency of the petition," the court ordered. The bench noted that the petition raises important questions with regard to the manner in which the semen of a person is to be preserved after his death under provisions of the Assisted Reproductive Technology (Regulation) Act, 2021. The court pointed out that in the present case, the man was unmarried at the time of his death in February. The woman, in her plea, argued her son had, without consulting family members, in his consent forms agreed to have the frozen semen discarded if he dies. After his death, the mother sought the Mumbai-based fertility centre to provide access to transfer the sample to a Gujarat-based IVF centre for future course of action. The fertility centre, however, refused and asked the mother to obtain authorization from court under the new Act, which seeks to regulate and supervise assisted reproductive technology (ART) clinics. The legislation also aims to ensure ethical practices, prevent misuse, and protect the rights of individuals seeking ART services.
The Print
2 days ago
- Health
- The Print
Mother seeks access to dead son's semen; HC asks fertility centre to preserve frozen sample
A bench of Justice Manish Pitale on June 25 noted that if the frozen semen of the deceased man is discarded pending hearing of the plea, then it would become infructuous. The court posted the petition for further hearing on July 30. The woman moved the HC after the fertility centre refused to release the frozen semen to her as the man, in his consent forms, had sought for the sperm carrying fluid to be discarded post-death. The man had chosen to freeze his semen when he was undergoing chemotherapy, a cancer treatment. Mumbai, Jun 27 (PTI) The Bombay High Court, in an interim order, has directed a city-based fertility centre to preserve the frozen semen of a deceased unmarried man pending hearing of a petition by his mother who wants to use the fluid to continue the family line. 'In the meanwhile, as an interim direction, the fertility centre is directed to ensure safe-keeping and storage of the frozen sample of the deceased, during pendency of the petition,' the court ordered. The bench noted that the petition raises important questions with regard to the manner in which the semen of a person is to be preserved after his death under provisions of the Assisted Reproductive Technology (Regulation) Act, 2021. The court pointed out that in the present case, the man was unmarried at the time of his death in February. The woman, in her plea, argued her son had, without consulting family members, in his consent forms agreed to have the frozen semen discarded if he dies. After his death, the mother sought the Mumbai-based fertility centre to provide access to transfer the sample to a Gujarat-based IVF centre for future course of action. The fertility centre, however, refused and asked the mother to obtain authorization from court under the new Act, which seeks to regulate and supervise assisted reproductive technology (ART) clinics. The legislation also aims to ensure ethical practices, prevent misuse, and protect the rights of individuals seeking ART services. PTI SP RSY This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
2 days ago
- Business
- Mint
Upcoming IPO: Rayzon Solar files draft papers with SEBI for ₹1,500 crore IPO
Upcoming IPO: Gujarat-based Rayzon Solar Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Rayzon Solar began its journey in 2017 as a partnership entity known as M/s Rayzon Green Energies, specializing in the production of solar PV modules, and has swiftly increased its manufacturing capacity for solar PV modules from just 40 MW as of March 31, 2018, to 6.00 GW as of March 31, 2025. It produces solar PV modules at two manufacturing sites situated in Karanj and Sava, currently possessing a manufacturing capacity of 3.00 GW at each location and planning to enhance its manufacturing capability by an additional 2.00 GW at the Sava facility, which is set to be operational by October 2025. Through its subsidiary, Rayzon Energy Private Limited, the company is working on establishing a 3.50 GW solar cell manufacturing facility in Kathvada in Mangrol, utilizing tunnel oxide passivated contact (TOPCon) technology, anticipated to start operations in Fiscal 2027. Furthermore, it is in the process of creating an aluminum extrusion and anodizing production unit in Sava, Mangrol, Surat, Gujarat, with an annual capacity of 19,800 MT for manufacturing aluminum frames via its subsidiary, Rayzon Industries Private Limited, with expectations for completion in July 2025. The company serves a diverse clientele, including Panasonic Life Solutions India Private Ltd, Axitec Energy India Private Ltd, KPI Green Energy Ltd, Microtek International Private Ltd, Mahindra Solarize Private Ltd, ACME Cleantech Solutions Private Ltd, V-Guard Industries Ltd, O2 Power Private Ltd, Megha Engineering and Infrastructure Ltd, Hero Rooftop Energy Private Ltd, BluPine Energy Private Ltd, Purushotam Profiles Private Ltd, Balark Solar Private Ltd, and Vardhan Sales. The IPO, having a face value of ₹ 2 each, consists entirely of a fresh issuance of up to ₹ 1,500 crore, and does not include any offer for sale component. The funds raised from this fresh issuance, amounting to ₹ 1,265 crore, will be directed toward investment in its wholly owned subsidiary, Rayzon Energy Private Ltd, to partially finance the establishment of a manufacturing facility with an installed capacity of 3.5 GW, dedicated to producing solar cells utilizing TOPCon technology in Gujarat, as well as for general corporate purposes. SBI Capital Markets Limited, Ambit Private Limited, and IIFL Capital Services Limited are acting as the lead managers for the book-running process, while KFin Technologies Limited serves as the registrar for the offering.
Time of India
2 days ago
- Business
- Time of India
Rayzon Solar files DRHP with Sebi for Rs 1,500 crore IPO
Gujarat-based Rayzon Solar plans to use the bulk of the proceeds from its planned Rs 1,500 cr-IPO to set up a 3.5 GW solar cell manufacturing facility and expand its green energy manufacturing footprint. With a current module capacity of 6 GW and robust financial growth, Rayzon is positioning itself as a key player in India's solar push. Tired of too many ads? Remove Ads IPO details Use of proceeds Capacity growth and manufacturing expansion Tired of too many ads? Remove Ads Product portfolio & clients Financial Performance IPO Book Runners and Listing The company has an installed module manufacturing capacity of 6.00 GW as of March 31, 2025. Rayzon Solar is targeting the next phase of its growth by expanding into solar cell manufacturing The IPO will have a face value of Rs 2 per share and includes a reservation for eligible employees at a discounted rate. The company may also explore a pre-IPO placement of up to Rs 300 crore. If completed, this will reduce the fresh issue size the planned Rs 1,500 crore IPO, Rs 1,265 crore will be invested in its wholly owned subsidiary, Rayzon Energy Private Limited (REPL), to partially fund the establishment of a 3.5 GW solar cell manufacturing facility using TOPCon (Tunnel Oxide Passivated Contact) technology in Kathvada, Surat. The remainder will be allocated to general corporate began operations in 2017 and scaled its module capacity from 40 MW in 2018 to 6.00 GW by 2025. It currently operates two manufacturing plants in Karanj and Sava, each with 3.00 GW capacity. An additional 2.00 GW capacity at Sava is expected to become operational by October REPL, the company is building a 3.5 GW solar cell unit (operational by FY 2027) and a 19,800 MT aluminium extrusion and anodising unit via another subsidiary, Rayzon Industries, expected to go live in July company is a certified manufacturer under the Ministry of New and Renewable Energy's Approved List of Module Manufacturers ('ALMM'), with an enlisted capacity of 3.00 GW, constituting 3.8% of the total ALMM enlisted capacity as of April 21, 2025. (Source: CRISIL Report).Also read: Last chance: HDB Financial's Rs 12,500 crore IPO closes today. Should you chase 8% listing gains? The company offers a wide range of modules, including: Bifacial modules with N-type TOPCon and P-type Mono PERC cells, Monofacial and full black variants with PERC and TOPCon technology,Rayzon serves over 500 clients, including major names like Panasonic Life Solutions, Mahindra Solarize, ACME Cleantech, V-Guard Industries , and Hero Rooftop Energy. It also supplies modules under key government schemes like PM Surya Ghar Muft Bijlee Yojana and of May 31, 2025, Rayzon had an order book of 3.60 GW for PV modules and a distribution network of 68 channel partners across 59 cities in 20 states and union Solar has delivered impreesice growth over the past financial years, with revenue from operations rising from Rs 261.65 crore in FY22 to Rs 1,272.85 crore in FY24, reflecting a CAGR of 120.56%, while EBITDA surged from Rs 13.47 crore to Rs 101.41 crore (CAGR: 174.35%) and profit after tax increased from Rs 3.91 crore to Rs 60.94 crore. For the nine months ended December 31, 2024, the company reported revenue of Rs 1,957 crore and PAT of Rs 239.03 Capital Markets, Ambit Private Limited, and IIFL Capital Services are the book-running lead managers, while KFin Technologies is the registrar. The equity shares will be listed on the BSE and the NSE.
