BSECompany Update6 Oct 2026 · 6 Oct 2026, 06:26 pm

Pursuant to Regulation 30 of the Listing Regulations and SEBI Master Circular dated 11.11.2024, we wish to inform you that: 1.Pursuant to SPA dated 25.02.2026, the promoter has transferred 32700000 (62.29% of the paid up euity share capital)equity shares of our company to the acquirer on 06.10.2026 by way of off market transfer resulting in change in control of the Company.

Baba Arts Ltd-$ · 532380

✦ AI Summary▼ NegativePromoter Reclassif.

Baba Arts Ltd has informed about the transfer of 62.29% of its paid-up equity share capital to the acquirer, Skybridge Interactive LLP, resulting in a change in control of the company. The promoter, Mr. Gordhan P. Tanwani, has transferred 3,27,00,000 equity shares to the acquirer at a price of Rs. 6/- per share, aggregating Rs. 19,62,00,000/-.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact3/10
Market Sentiment2/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Baba Arts Ltd-$ - 532380 - Announcement under Regulation 30 (LODR)-Change in Management Control

Attachments (1)

📄

dc90e6cb-2e65-44a0-a761-588a8da3a814.pdf

pdf

Download →
View document text
BABA ARTS LIMITED CIN: L72200MH1999PLC119177 B1 B4, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Tel: 022 4979 4623 Website: www.babaartslimited.com Email: babaartslimited@yahoo.com/investors@babaartslimited.com Date: Tuesday, 6th October, 2026 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 532380 ISIN: INE893A01036 Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ()The Share Purchase Agreement (SPA) dated 25th February, 2026; and (ii) Completion of transfer of the first tranche of 3,27,00,000 Equity Shares by Mr. Gordhan P. Tanwani ("the Promoter") to M/s. Skybridge Interactive LLP (" the Acquirer"). Dear Sir/ Madam, Pursuant to Regulation 30 read with Items 5 and SA of Para A of Part A of Schedule Ill to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and the SEBI Master Circular dated 11th November, 2024 for compliance with the Listing Regulations, we wish to inform you as under: 1. Transfer of first tranche: Pursuant to the SPA, the promoter has transferred 3,27,00,000 (Three Crore Twenty Seven Lakh) fully paid-up equity shares of face value Re. 1/- each, representing 62.29% of the paid­ up equity share capital of the Company, to the Acquirer at a price of Rs. 6/- per share, aggregating Rs. 19,62,00,000/-, by way of off-market transfer. The transfer was effected in the records of the depository on Tuesday, 6th October, 2026. The Company received intimation of the transfer on [6th October, 2026 at 5.47 p.m. 2. Balance shares: The balance 65,00,000 (Sixty-Five Lakh) equity shares held by the promoter, representing 12.38% of the paid-up equity share capital, shall be transferred to the Acquirer upon fulfilment of the closing conditions agreed between the promoter and the Acquirer. The Company will make a further disclosure upon completion of the transfer of the balance shares. 3. Change in control: Consequent upon the above, the Acquirer holds 3,27,00,600 equity shares representing 62.29% of the paid-up equity share capital and has acquired control of the Company, and shall be classified as a Promoter of the Company. The reconstitution of the Board of Directors and Key Managerial Personnel will be considered by the Board at its meeting to be held on Friday, 9th October, 2026, and the outcome thereof will be submitted separately. 4. The shareholding of the Promoter/ Promoter Group and the Acquirer before and after the transfer is given in Annexure A. We request you to kindly take the above on record. Thanking you, Yours faithfully, For BABA ARTS LIMITED Company Secretary & Compliance Officer Membership No.: A2996 Encl.: Annexures A BABA ARTS LIMITED CIN: L72200MH1999PLC119177 B1 & B4, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Tel: 022 4979 4623 Website: www.babaartslimited.com Email: babaartslimited@yahoo.com/investors@babaartslimited.com ANNEXURE A Shareholding before and after transfer of the first tranche Paid-up equity share capital: 5,25,00,000 equity shares of Re. 1/- each Name/ Category Before: Before: After: After: No. of shares % No. of shares % A. Existing Promoter/ Promoter Group Mr. Gordhan P. Tanwani (Promoter) 3,92,00,000 74.67 65,00,000 12.38 Mr. Pravin J. Karia 8,000 0.01 8,000 0.01 Sub-total (A) 3,92,08,000 74.68 65,08,000 12.39 B. Acquirer Skybridge Interactive LLP * 600 0.00 3,27,00,600 62.29 Sub-total (B) 600 0.00 3,27,00,600 62.29 Total (A + B) 3,92,08,600 74.68 3,92,08,600 74.68 C. Public 1,32,91,400 25.32 1,32,91,400 25.32 Sub-total (C) 1,32,91,400 25.32 1,32,91,400 25.32 Grand Total 5,25,00,000 100.00 5,25,00,000 100.00 Includes 600 equity shares acquired by the Acquirer under the Open Offer. Note: The existing Promoter / Promoter Group will continue to be shown as such until reclassified under Regulation 31A of the Listing Regulations. LT"TED For BABA ARTS