Baba arts Limited has announced the establishment of a special window for shareholders to re-lodge transfer requests for physical shares that were previously rejected or not processed. The initiative follows SEBI's directive to provide shareholders with an opportunity to complete pending share transfer processes.

Regulatory Framework and Timeline

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026 MIRSD POD I/3750/2026 dated January 30, 2026. This regulatory framework addresses transfer deeds of physical shares that were originally lodged prior to the April 01, 2019 deadline but were subsequently rejected, returned, or not attended to due to various deficiencies.

Eligible Transfer Requests

The special window covers transfer requests that fall into specific categories of non-completion. Shareholders whose transfer requests were rejected, returned, or not processed due to document deficiencies or procedural issues can now re-submit their applications. Additionally, shareholders who missed the opportunity to re-lodge their requests before the original cut-off date are also eligible to participate in this special window.

Processing Requirements and Procedures

During the special window period, all shares that are re-lodged for transfer will be issued exclusively in demat mode. The company has emphasized that due process will be followed for all transfer-cum-demat requests to ensure compliance with regulatory requirements and proper documentation.

Registrar and Share Transfer Agent Details

Shareholders must submit their re-lodgement requests through the company's official registrar and share transfer agent. The designated agent for processing these requests is MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited.

Public Notice and Compliance

Baba Arts Limited has fulfilled its regulatory obligations by publishing the notice in leading newspapers as required under Regulation 47(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The notice appeared in The Free Press Journal and The Navshakti, both dated March 18, 2026, ensuring wide dissemination of information to shareholders.

The company has also informed BSE Limited about the publication of these notices, providing newspaper cuttings as documentary evidence of compliance with disclosure requirements. This comprehensive approach ensures that all eligible shareholders are adequately informed about the special window opportunity and the procedures for re-lodging their transfer requests.

Skybridge Interactive LLP has announced an open offer to acquire equity shares of Baba Arts Limited under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer targets up to 1,32,92,000 equity shares representing 25.32% of the company's equity and voting share capital at ₹6.00 per share.

Open Offer Details

The open offer follows a share purchase agreement executed on February 25, 2026, between Skybridge Interactive LLP and promoter seller Gordan Prabhudas Tanwani. Under this agreement, the acquirer will purchase 3,92,00,000 equity shares representing 74.67% of Baba Arts Limited's equity capital.

Acquirer Information

Skybridge Interactive LLP is a limited liability partnership incorporated on January 11, 2022, under the Limited Liability Partnership Act, 2008. The company's registered office is located at 30, Floor 2nd, Plot 327, Nawab Building, D.N. Road, Hulatma Chowk, Fort, Mumbai, Maharashtra, India, 400001.

The acquirer's primary business involves manufacturing, processing, designing, and developing online and offline games relating to live sports events, entertainment, and educational games of skill. As of February 26, 2026, the acquirer's capital contribution stands at ₹32,14,81,094 with a net worth of ₹32,14,80,000.

Target Company Profile

Baba Arts Limited, originally incorporated as Galaxy Digi Systems Limited on March 30, 1999, is engaged in producing, developing, and exhibiting digital systems for pre-production, post-production, and software for commercial films, TV serials, and digital broadcasting channels. The company's registered office is situated at B1 & B4, Baba House, 86, M.V. Road, Andheri (East), Chakala MIDC, Mumbai - 400093.

The company's equity shares are listed on BSE Limited with scrip code 532380 and ISIN INE830A01036. The total issued, subscribed, and paid-up equity share capital comprises 5,25,00,000 equity shares of ₹1.00 each.

Financial Arrangements

Skybridge Interactive LLP has confirmed adequate financial resources to meet the open offer obligations through internal resources without any borrowings. In compliance with Regulation 17 of the SEBI (SAST) Regulations, the acquirer has opened an escrow account with Kotak Mahindra Bank Limited and deposited ₹2,01,00,000, representing more than 25% of the offer consideration.

Bonanza Portfolio Limited has been appointed as the Manager to the Offer, while Purva Sharegistry (India) Private Limited serves as the Registrar to the Offer. Aikyam Capital Private Limited has been designated as the buying broker for the transaction.

Offer Timeline

The detailed public statement was published on March 5, 2026, following the public announcement dated February 25, 2026. The tendering period is scheduled to commence on April 27, 2026, and close on May 11, 2026. The last date for communicating acceptance or rejection and completing payment is May 25, 2026.

All public shareholders of Baba Arts Limited, excluding the acquirer, existing promoters, and parties to the share purchase agreement, are eligible to participate in the open offer. The offer will be implemented through the stock exchange mechanism provided by BSE Limited.