Baba Arts has applied for an extension of three months to hold its 27th Annual General Meeting (AGM), pushing the deadline to December 31, 2026. The company’s Board of Directors approved the application via resolution by circulation on August 19, 2026, in accordance with Section 175 of the Companies Act, 2013.

The original due date for the AGM regarding the financial year ended March 31, 2026, was September 30, 2026. The company filed the application in e-Form GNL-1 under the second proviso to Section 96(1) of the Companies Act, 2013, with the Registrar of Companies, Maharashtra, Mumbai.

Reasons for Extension

The delay is attributed to the ongoing consummation of a change in management and control. This process stems from a Share Purchase Agreement dated February 25, 2026, and the associated Open Offer. A substantial portion of the business proposed for discussion at the AGM is contingent upon the completion of these transactions.

Impact and Disclosures

Baba Arts stated that the extension will have no adverse impact on its operations or financial position. The audited financial results for FY26 have already been approved and published in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company disclosed this development pursuant to Regulation 30 read with Regulation 30(6) of the SEBI Listing Regulations, 2015. It further noted that the outcome of the application, along with the final date, time, and venue for the AGM, will be intimated to the exchange once fixed.

Baba Arts Limited has postponed its Board of Directors meeting, originally scheduled for Tuesday, August 11, 2026, citing administrative reasons and the unavoidable unavailability of certain directors. The postponement impacts the timeline for reviewing the company’s financial performance for the fiscal year ended March 31, 2026 (FY26), as well as strategic decisions regarding asset disposal and shareholder meetings.

The Board was set to consider several critical agenda items, including the Board’s Report for FY26 and the recommendation of a Special Resolution under Section 180(1)(a) of the Companies Act, 2013. This resolution pertains to the sale of the immovable premises of the Company. Additionally, the Board was scheduled to fix the day, date, time, and venue for the Company’s 27th Annual General Meeting (AGM).

As of the intimation dated August 10, 2026, no revised date for the Board Meeting has been finalized. Baba Arts Limited stated that it will intimate the fresh date to the exchange separately and in advance, in compliance with Regulation 29(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, once decided.

Regulatory Compliance and Trading Window

The Company filed this intimation under Regulation 29 read with Regulation 30 of the SEBI (LODR) Regulations, 2015. This follows an earlier intimation dated August 4, 2026, filed under Regulation 29 of the same regulations.

The trading window for dealing in the securities of Baba Arts Limited remains closed. This closure is in terms of the Company's Code of Conduct for Prevention of Insider Trading framed under Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until further notice and is scheduled to reopen 48 hours after the outcome of the rescheduled Board Meeting is made public.

Agenda Items Postponed

The following key matters were pending consideration at the postponed meeting:

Investors are advised to monitor subsequent filings for the rescheduled date of the Board Meeting and any updates regarding the proposed sale of immovable property.