Baba Arts 27th AGM Approves All 8 Resolutions

Meeting Details

The 27th Annual General Meeting was held on Tuesday, 3rd November 2026 through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 11:30 AM IST and concluded at 12:28 PM IST.

Resolutions Approved

All eight resolutions set out in the notice dated 9th October 2026 were approved with requisite majority:

Ordinary Business

1. Adoption of Financial Statements: Ordinary resolution to adopt the audited financial statements for the financial year ended 31st March 2026

Special Business

2. Director Appointment: Ordinary resolution appointing Ms. Vidya Pishe (DIN: 11881924) as Director

3. Managing Director Appointment: Ordinary resolution appointing Ms. Vidya Pishe (DIN: 11881924) as Managing Director

4. Director Appointment: Ordinary resolution appointing Mr. Eknath Ramkrushna Bade (DIN: 11523239) as Director

5. Director Appointment: Ordinary resolution appointing Mr. Hardeep Darshan Singh Sangha (DIN: 11752789) as Director

6. Independent Director Appointment: Special resolution appointing Ms. Neeru Saini (DIN: 03617003) as Independent Director for first term of five consecutive years

7. Independent Director Appointment: Special resolution appointing Mr. Chandresh Dutt Upadhyay (DIN: 11400708) as Independent Director for first term of five consecutive years

8. Secretarial Auditor Appointment: Ordinary resolution appointing M/s. G. R. Gupta & Associates as Secretarial Auditor for first term of five consecutive years

Voting Results

Total outstanding shares: 52,500,000

Promoter & Promoter Group holding: 39,208,602 shares (74.68%)

Public holding: 13,291,398 shares (25.32%)

Overall Voting Participation

• Total votes polled: 444,740 shares (0.85% of outstanding shares)
• Votes in favor across all resolutions: 99.9980%
• Votes against across all resolutions: 0.0020%
• No invalid votes recorded

Category-wise Voting Pattern

Promoter & Promoter Group: Zero participation (0 votes polled from 39,208,602 shares)

Public Institutions: Zero participation

Public Non-Institutions:

• Remote e-voting: 444,188 votes (3.342% of their holding)
• Poll voting during AGM: 552 votes (0.004% of their holding)
• Total participation: 444,740 votes (3.3461% of their holding)
• Votes in favor: 99.9980%
• Votes against: 0.0020%

Scrutinizer Details

Mr. Govind Ram Gupta, Proprietor of M/s. G. R. Gupta & Associates (Membership No. 8733) was appointed as scrutinizer. The remote e-voting period was from 30th October 2026 (9:00 AM IST) to 2nd November 2026 (5:00 PM IST) through MUFG Intime India Private Limited's InstaVote platform.

Attendance Details

• Total shareholders on cut-off date: 9,467
• Shareholders present in meeting: 92
• Directors present: Mr. Eknath Ramkrushna Bade (Chairperson), Ms. Vidya Pishe (Managing Director), Mr. Chandresh Dutt Upadhyay, Ms. Neeru Saini
• Key personnel present: Mr. Naishadh H. Mankad (Company Secretary)
• Auditors present: Mr. Hiren P. Muni (Statutory Auditor), Mr. Govind Ram Gupta (Secretarial Auditor)
• Mr. Hardeep Darshan Singh Sangha (Executive Director) did not attend the meeting

Additional Information

The company expressed appreciation for services rendered by outgoing Managing Director Mr. Nikhil G. Tanwani, outgoing directors Mrs. Malavika A. Acharya, Mr. Hemraj Chheda, Mr. Shekhar Mennon, and outgoing promoter Mr. Gordhan P. Tanwani.