Baba Arts

Baba Arts promoter Gordhan P. Tanwani transferred 3.27 crore equity shares to Skybridge Interactive LLP off market on 6 October 2026 under a share purchase agreement dated 25 February 2026. His shareholding fell to 12.38% from 74.67% held prior to the disposal. The February agreement provided for purchase of a 74.67% promoter stake for Rs23.52 crore at Rs6.00 per share, with an open offer that tendered from 9 to 22 June 2026. The board on 29 September 2026 deferred the fiscal 2026 board's report and the 27th annual general meeting to a subsequent meeting. Baba Arts reported revenue of Rs1,494.75 lakh for fiscal 2026, with digital media monetisation through owned music and comedy channels accounting for the bulk of sales. The June quarter recorded Rs38.88 lakh of other income with no net sales.

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Baba Arts promoter Gordhan P. Tanwani transferred 3.27 crore equity shares, representing 62.29% of voting capital, to Skybridge Interactive LLP off-market on 6 October 2026 under the share purchase agreement dated 25 February 2026. His holding fell to 65 lakh shares, or 12.38%, from 3.92 crore shares, or 74.67%, before the transfer. The February agreement covered the 74.67% promoter stake for Rs 23.52 crore at Rs 6.00 per share and triggered an open offer for up to 25.32% that tendered from 9 to 22 June 2026. The company's board on 29 September 2026 deferred the fiscal 2026 board's report and the 27th annual general meeting pending completion of the share purchase and open offer. Baba Arts reported revenue of Rs 1,494.75 lakh in fiscal 2026 with net profit of Rs 65.30 lakh, and its June quarter had no segment revenue with only Rs 38.88 lakh of other income.

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Baba Arts scheduled a board meeting for 9 October at its Andheri registered office to take note of the acquisition of the promoter shareholding and to appoint the acquirer's nominees as additional directors. The agenda also included acceptance of resignations from existing directors and key managerial personnel, appointment of a managing director and chief financial officer, approval of the board's report for the year to March 2026 and fixing of the 27th annual general meeting. The meeting followed a 29 September board decision that deferred the fiscal 2026 board's report and annual meeting pending completion of the share purchase agreement and open offer. Skybridge Interactive LLP had agreed in February to acquire a 74.67% promoter stake at Rs 6 per share, with a tender offer running 9-22 June. Baba Arts reported revenue of Rs 1,494.75 lakh for the year to March 2026 with profit after tax of Rs 65.30 lakh, largely from monetisation of owned digital music channels. The June quarter printed no segment revenue, with Rs 38.88 lakh of other income only.

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Sept 13 (Reuters) - Baba Arts Ltd BART.BO:

• RE-APPOINTS GORDHAN P. TANWANI AS MD

Source text for Eikon: ID:nBSEbg7wP8

Further company coverage: BART.BO

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