REVISED proceedings of 27th AGM with explanation for delay

BABA ARTS LIMITED CIN: L72200MH1999PLC119177 B1 &B4, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Tel: 022 -49794623 Website: www.babaartslimited.com Email: babaartslimited@yahoo.com/investors@babaartslimited.com 6th November. 2026 The General Manager, Listing Compliance / Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. Scrip Code: 532380 Scrip ID: BABA Sub: Reply to the Exchange's communication regarding delayed submission of the proceedings of the 27th Annual General Meeting held on Tuesday, 3rd November, 2026 under Regulation 30(6) read with Para A(1) of Part A of Schedule HI to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Explanation for the delay and request for eon(donation Ref: Your e-mail / communication dated 6th November, 2026 Dear Sir, We acknowledge receipt of the Exchange's communication under reference, observing that the corporate announcement relating to the proceedings of the 27th Annual General Meeting ("AGM") of Baba Arts Limited ("the Company") was submitted after the expiry of twelve hours from the conclusion of the meeting, and seeking the Company's clarification together with a revised corporate announcement containing the explanation for the delay. We respond as under. 2. Faets. The 27th AGM of the Company was held on Tuesday, 3rd November, 2026 through Video Conferencing Other Audio-Visual Means and concluded at 12:28 p.m. The disclosure was, therefore, required to be made by 12:28 a.m, on 4th November, 2026. The disclosure of the proceedings of the AGM was uploaded on the BSE Listing Centre on Wednesday, 4th November, 2026 at 4:45 p.m. 3. Reason for the delay. The delay was entirely inadvertent and bona fide. We have to submit that the AGM coincided with the completion of the final tranche of the acquisition of shares by the Acquirer under the Share Purchase Agreement / Open Offer and the related change in management and control of the Company, which entailed several contemporaneous disclosures and filings on the same and following day on account which the submission of the proceedings of the AGM was inadvertently overlooked. 4. No prejudice to investors. We respectfully submit that: (a) the Notice of the AGM. setting out all the items of business, the e-voting schedule and well cut-off date, had been disseminated on the Exchange in advance of the meeting, and the business transacted at the AGM was only that set out in the Notice; (b) the voting results under Regulation 44(3), together with the Scrutinizer's Report, were submitted on 4" November, 2026, within the time prescribed therefor [plcase confirm]; BABA ARTS LIMITED CIN: L72200MH1999PLC119177 B1 & B84, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Tel: 022 -49794623 Website: www.babaartslimited.com Email: babaartslimited@yahoo.com/investors@babaartslimited.com (e) no price-sensitive information was withheld, no trading took place on the basis of the information, and no investor has been prejudiced or has complained on account of the delay; and (d) the lapse is a one-time, technical and procedural lapse, without any mala fide intention or any gain to the Company or any person. 5. Revised corporate announcement. In compliance with your directions and the proviso to Regulation 30(6), the Company is, simultaneously with this reply, submitting a revised corporate announcement of the proceedings of the 27th AGM containing the explanation for the delay, a copy of which is enclosed as Annexure A. 6. Request for condonation. In the light of the above, we respectfully request the Exchange to take a lenient view of the matter, to condone the inadvertent delay in the submission of the proceedings of the 27th AGM. and to treat the matter as closed without initiating any further action. We request you to kindly take the above on record. Thanking you. Yours faithfully For BABA ARTS LIMITED Naishadh Mankad Company Secretary Compliance Officer ICSI Membership No. A2996 BABA ARTS LIMITED CIN: L72200MH1999PL(119177 BI & B4, Baba House, 86, M.V. Road, Andheri East), Mumbai 400093 Tel: 022-49794623 Website; www.babaartslimited.com Email: babaartslimited@yahoo.com/investors@babaartslimited.com ANNEXURE "C" SUMMARY OF PROCEEDINGS OF THE ANNUAL GENERAL MEETING ("AGM") A. Date, time and venue of the AGM: The 27th Annual General Meeting of the members of Baba Arts Limited was held on at 11.30a.m. (1ST) at through Video Conferencing ("vC")/ Other Audio-Visual Means ("OAVM") in compliance with applicable provisions of the Companies Act, 2013 and in accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India. The proceedings of this AGM were deemed to be conducted at the Registered Office of the Company. The AGM commenced at 11.30 a.m. (I5T) and concluded at 12.28 p.m. (IST) (including time allowed for e­ voting at the meeting) B. Attendance at the AGM: The meeting was attended by the following Qi rectors, Key Managerial Personnel, Statutory Auditor and Secretarial Auditor and Scrutinizer Sr. No. Name Designation location 1. Mr. Eknath Ramkrushna Bade Chairperson Joined via vc Chairperson-Stakeholders' Relationship from Mumbai Committee 2 Mrs. Vidya Pishe Managing Director Joined via from Mumbai 3. Mr. Chandresh Dutt Upadhyay Independent Director Joined via vc Chairperson-Nomination & Remuneration from Varanasi Committee 4. Ms. Neeru Saini Independent Director Joined via VC Chairperson-Audit Committee from Delhi 5. Mr. Naishadh H. Mankad Company Secretary & Compliance Officer Joined via VC from Mumbai 6. Mr. Hiren P. Muni Statutory Auditor Joined via VC from Mumbai 7. Mr. Govind Ram Gupta Secretarial Auditor & Scrutinizer Joined via VC from Delhi Mr. Hardeep Darshan Singh Sangha, Executive Director of the Company did not attend the meeting. 92 Shareholders were present in person. The Chairman of Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee were present during the Meeting. The Statutory Auditors, Secretarial Auditor and Scrutinizer were present during the Meeting and had joined from their respective locations as mentioned above. BABA ARTS LIMITED CIN: L72200M111999PLC119177 BI & B4, Baba House, 86, M.V. Road, Andheri (East), Mumbai 400093 Tel: 022-4979462.5 w ebsite:n .=2 .let.t-! Email: babaartslimieuaahoo.com/investors@_babaartslimited.eom Brief Proceedings of the AGM: Mr. Eknath Bade, Chairman of the Board took Chair and presided over the meeting. The requisite quorum having been present as ascertained by the Chairperson, the Chairperson called the Meeting to order and welcomed the Shareholders, and invitees to the Company's 27" AGM. He then apprised the members on the guidelines fore-voting: • The members were provided with an opportunity to cast their vote through remote e-voting facility on the resolutions as set out in the Notice convening the AGM. • The Company had tied up with MUFG lntime India Private Limited ("MUFG") to provide the facility for voting through remote e-voting and e-voting during the AGM. The remote e-voting period had commenced on Friday the 30" October, 2026 at 09.00 AM (IST) and ended on Monday the 2" November, 2026 at 05:00 PM (IST) The e voting window was open on the MUFG e-voting platform for 15 minutes from the conclusion of the AGM and requested members to cast their votes, in case they had not cast their vote during the remote e-voting period. He briefed the members on the general guidelines to be followed during the AGM by the Shareholders and registered speakers for the meeting. He welcomed the Board of Directors, Management Team, Statutory Auditor and Secretarial Auditor (Scrutinizer) present at the AGM and their presence was confirmed. All the Directors except Mr. Hardeep Darshan Singh Sangha (Additional Director), including the respective Chairman of the Audit Committee, Stakeholders' Relationship Committee and Nomination and Remuneration Com [Showing first 8,000 characters — download PDF for full document]