Skybridge Interactive LLP has acquired a 74.67% stake in Baba Arts Limited through a Share Purchase Agreement dated February 25, 2026. The acquisition involved 3,92,00,000 fully paid-up equity shares of face value ₹1 each at an offer price of ₹6 per share. This transaction was followed by a mandatory open offer to public shareholders in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations).

The open offer, managed by Bonanza Portfolio Limited, was open for tender between June 09, 2026, and June 22, 2026. While the acquirer proposed to acquire up to 1,32,92,000 equity shares representing 25.32% of the equity and voting share capital, the actual participation was negligible. Only 602 equity shares were tendered and accepted, resulting in a total consideration payout of ₹3,612 on July 07, 2026.

The disparity between the proposed offer size of ₹7,97,52,000 and the actual payout highlights the limited interest from public shareholders. The offer size was restricted to the shares held by public shareholders, which represented 25.32% of the capital, slightly below the 26.00% threshold typically mandated by Regulation 7 of the SEBI SAST Regulations.

Acquisition and Shareholding Details

The following table outlines the proposed versus actual figures for the acquisition and the open offer:

Regulatory Compliance

The Post Offer Advertisement was submitted to BSE Limited and published in Financial Express, Jansatta, and Mumbai Lakshadeep. The detailed public statement was initially released on March 05, 2026, with a corrigendum published on June 08, 2026. Skybridge Interactive LLP confirmed full responsibility for the accuracy of the information contained in the advertisement and compliance with SEBI SAST Regulations. Purva Sharegistry (India) Private Limited acted as the Registrar to the Offer.

Baba Arts Limited has closed its trading window for designated insiders effective July 1, 2026, to comply with insider trading regulations. The window will remain shut until 48 hours after the company declares its unaudited financial results for the quarter ending June 30, 2026. This restriction applies to Directors, Promoters, Designated Employees, and Specified Connected Persons as defined in the company's Code of Conduct for Prevention of Insider Trading.

The closure follows the provisions of the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The measure is intended to prevent the misuse of unpublished price-sensitive information during the period leading up to the financial announcement.

Trading Window Schedule

The company has not yet announced the specific date for the Board Meeting where the unaudited financial results for the quarter will be declared. This information will be intimated in due course.