Baba Arts Limited has fixed October 27, 2026 as the cut-off date for determining the members entitled to cast their votes through remote e-voting and at the company's 27th Annual General Meeting (AGM). This deadline establishes the shareholder register for the upcoming corporate event.

The 27th AGM is scheduled to be held on Tuesday, November 3, 2026, at 11:30 am (IST). The company communicated this timeline in a filing to the BSE, citing compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting schedule and logistics

Shareholders can participate in the voting process through two methods: remote e-voting or physical attendance at the AGM. The remote e-voting window opens on Friday, October 30, 2026, at 9:00 am (IST) and closes on Monday, November 2, 2026, at 5:00 pm (IST).

E-voting agency details

The company has appointed MUG Intime India Private Limited, operating under the brand InstaVote, as the agency responsible for facilitating the remote e-voting process. Members holding equity shares of face value ₹1 each as of the cut-off date are eligible to vote.

This procedural update ensures that all statutory requirements for shareholder participation in the annual general meeting are met in accordance with Indian corporate governance norms.

Baba Arts Limited promoter Gordhan P. Tanwani transferred 3,27,00,000 equity shares to M/s. Skybridge Interactive LLP on October 5, 2026. The transaction, valued at ₹19.62 crore, marks a change of control with Skybridge acquiring a 62.28% stake.

The transfer was executed pursuant to a Share Purchase Agreement dated February 25, 2026, at a price of ₹6 per share. This disclosure falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 29(1) and 29(2) of the SEBI (SAST) Regulations, 2011. The equity share capital remained unchanged at ₹5,25,00,000.

Pre-transaction holdings

Before the disposal, Gordhan P. Tanwani held 3,92,00,000 equity shares carrying voting rights, representing 74.67% of the total share capital. Another promoter, Rahul G. Tanani, held no shares, while Person Acting in Concert Pravin J. Karia held 8,000 shares (0.01%). The total holding for the promoter group and PAC stood at 3,92,08,000 shares, or 74.68% of the diluted share capital.

Post-transaction holdings and control shift

Following the sale of 3,27,00,000 shares, which accounted for 62.29% of the total voting capital, Gordhan P. Tanwani’s direct holding dropped to 65,00,000 shares. This represents 12.38% of the total share capital. Including the PAC’s holding, the total post-transaction stake for the group is 65,08,000 shares, or 12.39%.

Skybridge Interactive LLP, which previously held 602 shares acquired under an Open Offer on July 8, 2026, now holds 3,27,00,602 shares (62.29%) and has been classified as a Promoter due to the acquisition of control. The balance 65,00,000 shares held by Tanwani will be transferred upon fulfillment of closing conditions.

Change of control implications

The filing explicitly notes that the off-market sale is in connection with a change of control under Regulation 3(1) and 4 of the SEBI (SAST) Regulations, 2011. No encumbrances, warrants, or convertible securities were involved in this specific transfer. The reconstitution of the Board of Directors and Key Managerial Personnel will be considered by the Board at its meeting scheduled for October 9, 2026.

What the Numbers Show

The transaction price of ₹6 per share implies a valuation of ₹19.62 crore for the 62.28% stake transferred. With the promoter retaining 12.38% pending further conditions, the immediate control shift is complete, with Skybridge Interactive LLP assuming promoter status effective from the date of transfer.