Pursuant to Regulation 30 of the Listing Regulations, we have to inform you that Mr.Nikhil G. TAnwani, Chairman & MAnaging Director,Mrs.Malavika Acharya Non Independent & Non Executive Director, Mr.Shekhar Mennon Non Executive Independent Director, Mr.Hemraj Chheda Non executive Independent Director have resigned with effect from close of business hours on 09/10/2026 consequent upon change in managment of the company.

BABA ARTS LIMITED CIN: L72200MH1999PLC119177 B1 B4, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Date: 9th Tel: 022 4979 4623 Website: www.babaartslimited.com Octoberma2@abaartslimited@yahoo.com/investors@babaartslimited.com BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001 Scrip Code: 532380 Scrip ID: BABA ISIN: INE893A01036 Dear Sir/ Madam, Pursuant to Regulation 30 read with Part A of Schedule Ill to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we have to inform you that the Board of Directors of the Company, at its meeting held today, i.e. Friday, 9th October, 2026, which commenced at 1.30 p.m. and concluded at 3.45 p.m., have noted the Resignations and approved the Appointment of the Directors as follows: Sr. No. Name Nature of Category Change 1. Ms. Vidya Pishe Appointment Managing Director 2. Mr. Chandres Dutt Upadhyay Appointment Independent Director­ Non Executive Chairman of the Board 3. Mr. Eknath Bade Appointment Non-Independent Non-Executive Director 4. Ms. Neeru Saini Appointment Non-Executive-Independent Director 5. Hardeep Darshan Singh Sangha Appointment Executive-Non-Independent Director 6. Nikhil G. Tanwani Resignation Chairman & Managing Director 7. Malavika A. Acharya Resignation Non-Independent Non-Executive Director 8. Shekhar Mennon Resignation Non-Executive-Independent Director 9. Hemraj Chheda Resignation Non-Executive-Independent Director 10. Ajay D. Acharya Resignation Chief Financial Officer The details required under the Listing Regulations read with the SEBI Master Circular dated 11th November, 2024 are given in Annexure A. All the Directors who have resigned and the CFO have confirmed they have resigned consequent upon change in management & control of the Company and that there are no other material reasons involved for their resignation which is clearly mentioned in their respective letters. Copy of the Resignation Letters are attached for your reference. For Baba Arts Limited � Naishadh H. Mankad Company Secretary Complianc�\ -� Membership No. A2996 Encl: as above Annexure A - Details of Directors/ KMP appointed Ms. Vidya Pishe Mr. Hardeep Darshan Mr. Eknath Bade Particulars Singh Sangha 4 (2) I (3) 11881924 11752789 11523239 Reason for change Appointment as Appointment as Executive Appointment as Additional Director and Additional Director, Additional Director (Non Managing Director, consequent upon the Independent Non­ consequent upon the change in management Executive), consequent change in management and control. upon the change in and control management. Date of appointment 9th October, 2026 9th October, 2026 9th October, 2026 Term Additional Director up to Additional Director up to Additional Director up to the 27th AGM; MD for 5 the 27th AGM; proposed the 27th AGM; proposed years --- 9" October, 2026 for appointment as a for appointment as a e to retire by to 8" October, 2031, Director liable to retire by Director liabl subject to members' rotation in the 27\AGM. rotation pp ; a roval liable to retire b rota ion Remuneration Rs. 9,60,000 p.a. T y S g y o be decided b the ittin fees onl (all-inclusive) B oard of Directors y ing Not entitled to an sitt fo d g fees r atten in g B d meetin s of the oar or C tt es. its ommi e Qualification Graduate Graduate Graduate Brief profile S g k , st y o Ext nsve hands-on trate ic mar eting Experience in ud ing f e i p , k e s, ud e exp ien e across the o erational management mar et tr nd a i nce er c g y y, a d e t b sness landscape, with and scalin enterprises ps cholog n cont n u i z . t g f, moneti ation deep unders andin o k t y m , mar e d na ics scaling , a d enterprises n naviga ing complex I competitiv e ­ env ironments. Relationship with None tone N one other directors �- Shareholding in the Nil Nil Nil Company Affirmation on SEBI y y e a ed by any order Not debarred by any order Not debarred b an order Not d b rr debarment SEBI SEBI r any other of SEBI or any other of or any other of o authority authority authority Particulars Ms. Neeru Saini Mr. Chandresh Dutt Upadhyay (4) (5) 03617003 - -- 01140078 Category Additional Director -Independent I Additional Director Independent Director (Non-Executive) Director (Non-Executive); elected Chairperson of the Board Reason for change Appointment consequent upon the Appointment consequent upon the change in management and the change in management; Elected as resignation of the existing Chairperson in place of Mr. Nikhil G. 9Ind ependent Directors Tanwani Date of appointment oetober, 20%¢ 9uoctober, 2026 Term [ 5 consecutive years 9" October, 5 consecutive years - 9.10.2026 to I 2026 to 8" October, 2031, not liable to 8.10.2031, not liable to retire by I retire by rotation, subject to members' I rotation, subject to members' approval by special resolution approval by special resolution Qua I ification Company Secretary and LLB B. Com and MBA Brief profile Company Law Compliances and Legal[ Management and Finance Matters. Skills / capabilities (Para Being a qualified Company Secretary, Possesses requisite expertise in A(1A), Part D, Sch. II) possesses requisite expertise in finance, business management, corporate laws, securities laws, SEBI corporate strategy, administration and regulations, corporate governance and commercial matters, with an regulatory compliances. understanding of corporate I governance Relationship with other None None directors Shareholding in the Nil Nil Company Affirmation on SEBI Not debarred by any order of SEBI or Not debarred by any order of SEBI or debarment any other authority any other authority Annexure A(2) - Details of cessation Name and DIN Designation Reason for change Date of Letter cessation received on Mr. Nikhil G. Tanwani Chairman and Resignation consequent Close of October, 01995127) 2026 (DIN Managing Director upon the change in 1 business hours I management and control on October, 2026 as stated in the letter. Mrs. Malavika A. Non-Executive & Resignation consequent Close of October, 2026 Acharya (DIN Non-Independent upon the change in business hours 07007469) 9" Director management and control on October, 2026 as stated in the letter. I 9" Mr. Hemraj Chheda findependent Director Resignation consequent Close of October, 00113766) 2026 (DIN upon the change in business hours management and control on October, 2026 as stated in the letter. l - Mr. Shekhar Mennon Independent Director Resignation consequent Close of October, 02262964) 2026 (DIN upon the change in business hours management and control on October, 2026 as stated in the letter. Mr. Ajay D. Acharya Chief Financial Resignation consequent Close of October, 2026 - JO_fficer (KMP) upon the change in business hours management and control on October, 2026 as stated in the letter. --- l NIKHIL G. TANWANI 801, Sai Samarth, Plot No.234, 11th Road, Opp.: Pinky Paradise, Khar West, Mumbai-400052 ---------------------------------------------------------------------------------------------------------------------------------------------------- Date: 9" October, 2026 The Board of Directors, Baba Arts Limited, Bl B4, Baba House, 86, M.V. Road, Andheri (East) Mumbai 400093 Subject: Resignation as Managing Director and Director of Baba Arts Limited - consequent upon change in management pursuant to completion of Open Offer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dear Sir/ Madam, I, Nikhil G. Tanwani, hereby tender my resignation from the office of Managing Director and Director of Baba Arts Limited ("the Company") with immediate effect. My resignation is tendered consequent upon the successful completion of the Open Offer process conducted by M/s Skybridge Interactive LLP, "the Acquirer" in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"), pursuant to which the management and control of the Company has c [Showing first 8,000 characters — download PDF for full document]