Baba Arts Ltd (532380)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Baba Arts' revenue was ₹5.2 Cr (+77.9% year on year, +94.0% on the previous quarter), and net profit ₹0.1 Cr (-77.3% year on year); the operating margin was -8.3%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹5.2 | +77.9% | +94.0% |
| Operating profit | ₹-0.4 | to loss | loss widened |
| Net profit | ₹0.1 | -77.3% | +100.0% |
| EPS (₹) | 0.02 | -75.0% | +100.0% |
| Operating margin | -8.3% | — | — |
📢 Recent Corporate Announcements
Baba Arts Limited submitted resignation letters of two Independent Directors, Hemraj G. Chheda and Shekhar Mennon, effective 9th October 2026. Both resignations are explicitly cited as being due to the change in management and control resulting from the successful completion of an Open Offer by M/s. Skybridge Interactive Ltd under SEBI SAST Regulations. The exiting directors confirmed that there are no other material reasons, outstanding dues, or knowledge of any unaddressed fraud or impropriety.
- Resignation of 2 Independent Directors, Hemraj G. Chheda and Shekhar Mennon, dated 9th October 2026
- Resignations triggered directly by the change in management and control following an Open Offer by M/s. Skybridge Interactive Ltd
- Both directors confirmed no subsisting dues or claims against the company
- Confirmation provided that no other material reasons or known misconduct triggered the exits
Baba Arts Limited published its 27th Annual Report for FY 2025-26, scheduling its AGM for November 3, 2026. The company announced a full reconstitution of its Board effective October 9, 2026, appointing Ms. Vidya Pishe as Managing Director for a 5-year tenure. For FY26, gross revenue stood at ₹1494.75 lakh compared to ₹558.88 lakh in FY25, while profit for the year fell to ₹65.30 lakh from ₹143.85 lakh. The drop in profitability was driven by lower margins in film IPR trading, leading to an ROE decline from 6.91% to 2.99%.
- Board reconstituted effective October 9, 2026, appointing Ms. Vidya Pishe as Managing Director for 5 years
- Gross revenue rose to ₹1494.75 lakh in FY26 from ₹558.88 lakh in FY25, led by Digital Media Content (₹1292.22 lakh)
- Net profit dropped 54.6% to ₹65.30 lakh in FY26 from ₹143.85 lakh in FY25
- Return on Equity (ROE) declined to 2.99% from 6.91%, impacted by lower margins on IPR trading
- 27th Annual General Meeting scheduled for November 3, 2026
Baba Arts Limited has issued the notice for its 27th Annual General Meeting, scheduled to be held on November 3, 2026, via Video Conferencing. The cut-off date for e-voting eligibility is fixed as October 27, 2026, with the voting window open from October 30 to November 2, 2026. The filing also documents a reconstitution of the Board effective October 9, 2026, including the appointment of Ms. Vidya Pishe as Managing Director. Financial disclosures show FY26 net profit fell to 65.30 lakh (from 143.85 lakh in FY25) despite revenue rising to 1494.75 lakh.
- 27th AGM scheduled for Tuesday, November 3, 2026 at 11:30 a.m. IST via Video Conferencing
- Cut-off date for determining e-voting rights is set for Tuesday, October 27, 2026
- Remote e-voting window runs from October 30, 2026 (9:00 a.m.) to November 2, 2026 (5:00 p.m.)
- Full-year FY26 net profit declined to 65.30 lakh compared to 143.85 lakh in FY25
- Board reconstituted effective October 9, 2026, with Ms. Vidya Pishe taking over as Managing Director
Baba Arts Limited has issued the notice for its 27th Annual General Meeting, scheduled to be held on November 3, 2026, via Video Conferencing. The cut-off date for e-voting eligibility is fixed as October 27, 2026, with the voting window open from October 30 to November 2, 2026. The filing also documents a reconstitution of the Board effective October 9, 2026, including the appointment of Ms. Vidya Pishe as Managing Director. Financial disclosures show FY26 net profit fell to 65.30 lakh (from 143.85 lakh in FY25) despite revenue rising to 1494.75 lakh.
- 27th AGM scheduled for Tuesday, November 3, 2026 at 11:30 a.m. IST via Video Conferencing
- Cut-off date for determining e-voting rights is set for Tuesday, October 27, 2026
- Remote e-voting window runs from October 30, 2026 (9:00 a.m.) to November 2, 2026 (5:00 p.m.)
- Full-year FY26 net profit declined to 65.30 lakh compared to 143.85 lakh in FY25
- Board reconstituted effective October 9, 2026, with Ms. Vidya Pishe taking over as Managing Director
Baba Arts has completed a total leadership and management overhaul following the completion of an Open Offer by M/s Skybridge Interactive LLP under SEBI SAST Regulations. Chairman & Managing Director Nikhil G. Tanwani, CFO Ajay D. Acharya, and three other directors have resigned effective close of business hours on October 9, 2026. Concurrently, the Board has appointed Ms. Vidya Pishe as Managing Director for 5 years at an annual remuneration of Rs. 9,60,000, alongside four other incoming directors. The entire board reconstitution reflects the final handover of control to the new acquirer.
- Resignation of 5 key leaders: CMD Nikhil G. Tanwani, CFO Ajay D. Acharya, and 3 directors effective October 9, 2026
- Appointment of Vidya Pishe as Managing Director for a 5-year term (October 9, 2026 to October 8, 2031) with Rs. 9,60,000 p.a. remuneration
- Chandresh Dutt Upadhyay appointed as Independent Director and elected Chairperson of the Board
- Management and control transferred following completion of the Open Offer by acquirer M/s Skybridge Interactive LLP
Baba Arts Limited announced the resignation of Mr. Nikhil G. Tanwani from his position as Chairman and Managing Director with effect from 9th October, 2026. The resignation comes as a direct consequence of a change in management and control following the completion of an Open Offer by M/s Skybridge Interactive LLP under SEBI SAST Regulations. The outgoing CMD confirmed there were no other material reasons for his departure. Control of the company is officially shifting to the incoming acquirer.
- Resignation effective from the close of business hours on 9th October, 2026
- Departure triggered by completion of Open Offer conducted by M/s Skybridge Interactive LLP
- Control and management of Baba Arts Limited handed over to the incoming acquirer
- No other material reasons cited for the departure of the Chairman and Managing Director
Baba Arts Limited announced a change in management and control following the completion of an open offer by Skybridge Interactive LLP. Former promoter Gordhan P. Tanwani transferred 3,27,00,000 equity shares (62.29%) on October 6, 2026, with a final tranche of 65,00,000 shares (12.38%) pending transfer. Consequently, MD Nikhil G. Tanwani, the CFO, and board members have resigned, and Ms. Vidya Pishe has been appointed as Managing Director for a 5-year term alongside new board appointments.
- Transfer of 3,27,00,000 equity shares (62.29%) to Skybridge Interactive LLP completed on October 6, 2026
- Final tranche of 65,00,000 equity shares (12.38%) scheduled for completion under the SPA
- Ms. Vidya Pishe appointed Managing Director for 5 years with annual remuneration of Rs 9,60,000
- Resignations of former MD Nikhil Tanwani, CFO Ajay Acharya, and two Independent Directors effective October 9, 2026
- 27th AGM scheduled for November 3, 2026, to seek shareholder approval for director appointments
Baba Arts has completed a total leadership and management overhaul following the completion of an Open Offer by M/s Skybridge Interactive LLP under SEBI SAST Regulations. Chairman & Managing Director Nikhil G. Tanwani, CFO Ajay D. Acharya, and three other directors have resigned effective close of business hours on October 9, 2026. Concurrently, the Board has appointed Ms. Vidya Pishe as Managing Director for 5 years at an annual remuneration of Rs. 9,60,000, alongside four other incoming directors. The entire board reconstitution reflects the final handover of control to the new acquirer.
- Resignation of 5 key leaders: CMD Nikhil G. Tanwani, CFO Ajay D. Acharya, and 3 directors effective October 9, 2026
- Appointment of Vidya Pishe as Managing Director for a 5-year term (October 9, 2026 to October 8, 2031) with Rs. 9,60,000 p.a. remuneration
- Chandresh Dutt Upadhyay appointed as Independent Director and elected Chairperson of the Board
- Management and control transferred following completion of the Open Offer by acquirer M/s Skybridge Interactive LLP
Baba Arts Limited announced the resignation of Mr. Nikhil G. Tanwani from his position as Chairman and Managing Director with effect from 9th October, 2026. The resignation comes as a direct consequence of a change in management and control following the completion of an Open Offer by M/s Skybridge Interactive LLP under SEBI SAST Regulations. The outgoing CMD confirmed there were no other material reasons for his departure. Control of the company is officially shifting to the incoming acquirer.
- Resignation effective from the close of business hours on 9th October, 2026
- Departure triggered by completion of Open Offer conducted by M/s Skybridge Interactive LLP
- Control and management of Baba Arts Limited handed over to the incoming acquirer
- No other material reasons cited for the departure of the Chairman and Managing Director
Baba Arts Limited has accepted the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Mr. Ajay D. Acharya, effective October 9, 2026. The departure is directly attributed to the change in management and control of the company following the successful completion of an Open Offer by M/s. Skybridge Interactive LLP under SEBI SAST Regulations. The outgoing CFO confirmed that books of accounts, tax filings, and regulatory reporting are fully up to date with no other material reasons for departure.
- Resignation of CFO Mr. Ajay D. Acharya effective close of business hours on October 9, 2026
- Change of management triggered by successful Open Offer completion by M/s. Skybridge Interactive LLP
- Outgoing CFO confirmed all statutory, tax, and BSE LODR Regulation 33 filings are up to date
- Board meeting commenced at 1:30 PM and concluded at 3:45 PM on October 9, 2026
Baba Arts Limited announced a change in management and control following the completion of an open offer by Skybridge Interactive LLP. Former promoter Gordhan P. Tanwani transferred 3,27,00,000 equity shares (62.29%) on October 6, 2026, with a final tranche of 65,00,000 shares (12.38%) pending transfer. Consequently, MD Nikhil G. Tanwani, the CFO, and board members have resigned, and Ms. Vidya Pishe has been appointed as Managing Director for a 5-year term alongside new board appointments.
- Transfer of 3,27,00,000 equity shares (62.29%) to Skybridge Interactive LLP completed on October 6, 2026
- Final tranche of 65,00,000 equity shares (12.38%) scheduled for completion under the SPA
- Ms. Vidya Pishe appointed Managing Director for 5 years with annual remuneration of Rs 9,60,000
- Resignations of former MD Nikhil Tanwani, CFO Ajay Acharya, and two Independent Directors effective October 9, 2026
- 27th AGM scheduled for November 3, 2026, to seek shareholder approval for director appointments
Baba Arts Limited announced a change in management and control following the completion of an open offer by Skybridge Interactive LLP. Former promoter Gordhan P. Tanwani transferred 3,27,00,000 equity shares (62.29%) on October 6, 2026, with a final tranche of 65,00,000 shares (12.38%) pending transfer. Consequently, MD Nikhil G. Tanwani, the CFO, and board members have resigned, and Ms. Vidya Pishe has been appointed as Managing Director for a 5-year term alongside new board appointments.
- Transfer of 3,27,00,000 equity shares (62.29%) to Skybridge Interactive LLP completed on October 6, 2026
- Final tranche of 65,00,000 equity shares (12.38%) scheduled for completion under the SPA
- Ms. Vidya Pishe appointed Managing Director for 5 years with annual remuneration of Rs 9,60,000
- Resignations of former MD Nikhil Tanwani, CFO Ajay Acharya, and two Independent Directors effective October 9, 2026
- 27th AGM scheduled for November 3, 2026, to seek shareholder approval for director appointments
Promoter Gordhan P. Tanwani has executed an off-market sale of 3,27,00,000 equity shares (62.29% of Baba Arts Ltd) to M/s. Skybridge Interactive LLP on October 6, 2026. This transaction occurs pursuant to a Share Purchase Agreement dated February 25, 2026, triggering a change of control under Regulations 3(1) and 4 of SEBI (SAST) Regulations. Following the transfer, promoter and PAC shareholding decreases sharply from 74.68% (3,92,08,000 shares) to 12.39% (65,08,000 shares). The total paid-up equity voting capital stands unchanged at Rs 5.25 crore across 5.25 crore shares.
- Promoter Gordhan P. Tanwani transferred 3,27,00,000 shares (62.29% stake) off-market to Skybridge Interactive LLP
- Total promoter & PAC holding drops from 74.68% (3,92,08,000 shares) to 12.39% (65,08,000 shares)
- Transaction executes change of control under SEBI SAST Regulations pursuant to SPA dated February 25, 2026
- Target equity voting capital remains Rs 5,25,00,000
Skybridge Interactive LLP has acquired 3,27,00,000 equity shares representing 62.28% of the voting share capital in Baba Arts Limited on October 5, 2026. The acquisition was completed through an off-market transaction pursuant to a Share Purchase Agreement (SPA) with existing shareholders/promoters. Post-acquisition, Skybridge Interactive's total holding increased to 3,27,00,602 shares or 62.29%, up from 602 shares (acquired earlier via an open offer). This represents a controlling change of ownership in Baba Arts Limited.
- Acquisition of 3,27,00,000 equity shares amounting to 62.28% of Baba Arts Limited
- Post-transaction holding rises from 602 shares (0.00%) to 3,27,00,602 shares (62.29%)
- Total diluted share capital stands unchanged at 5,25,00,000 equity shares of ₹1 each
- Transaction consummated off-market on October 5, 2026 via Share Purchase Agreement
Promoter Gordhan P. Tanwani has completed the transfer of 3,27,00,000 equity shares (62.29% stake) to Skybridge Interactive LLP at ₹6.00 per share, aggregating ₹19.62 crore. Following this off-market transfer effected on October 6, 2026, Skybridge Interactive has acquired control and will be classified as the new Promoter. The existing promoter retains a 12.38% stake (65,00,000 shares) pending closing conditions. The company's board will meet on October 9, 2026, to reconstitute the Board of Directors and Key Managerial Personnel.
- Transfer of 3,27,00,000 shares (62.29% equity) completed to Skybridge Interactive LLP
- Acquisition price set at ₹6 per share, aggregating to ₹19,62,00,000
- Acquirer's holding rises to 3,27,00,600 shares (62.29%) including 600 shares via Open Offer
- Balance 65,00,000 shares (12.38%) to be transferred upon closing conditions
- Board meeting scheduled for October 9, 2026, to reconstitute Board and KMP
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