Nature of the Disclosure

Baba Arts Limited submitted its integrated filing of unaudited standalone financial results for the quarter and half year ended September 30, 2026, to BSE Limited in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Financial Performance Highlights

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Net Sales/Income from Operations: ₹0.02 lakh (vs ₹352.92 lakh in Q2 FY26)
  • Other Income: ₹47.04 lakh (vs ₹15.45 lakh in Q2 FY26)
  • Total Operating Income: ₹47.05 lakh (vs ₹368.37 lakh in Q2 FY26)
  • Employee Benefit Expenses: ₹11.56 lakh (vs ₹11.89 lakh in Q2 FY26)
  • Finance Cost: ₹0.29 lakh (vs ₹0.00 lakh in Q2 FY26)
  • Depreciation & Amortization: ₹1.76 lakh (vs ₹1.53 lakh in Q2 FY26)
  • Other Expenditure: ₹10.24 lakh (vs ₹275.67 lakh in Q2 FY26)
  • Profit from Operations before Tax: ₹23.20 lakh (vs ₹46.89 lakh in Q2 FY26)
  • Tax Expense: ₹5.42 lakh (Current: ₹5.33 lakh, Deferred: ₹0.09 lakh) (vs ₹11.82 lakh in Q2 FY26)
  • Net Profit from Continuing Operations: ₹17.79 lakh (vs ₹35.07 lakh in Q2 FY26)
  • EPS (Basic & Diluted): ₹0.034 (vs ₹0.067 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Net Sales/Income from Operations: ₹0.02 lakh (vs ₹713.16 lakh in H1 FY26)
  • Other Income: ₹85.92 lakh (vs ₹22.73 lakh in H1 FY26)
  • Total Operating Income: ₹85.93 lakh (vs ₹735.89 lakh in H1 FY26)
  • Profit from Operations before Tax: ₹37.34 lakh (vs ₹66.60 lakh in H1 FY26)
  • Tax Expense: ₹7.60 lakh (Current: ₹7.41 lakh, Deferred: ₹0.19 lakh) (vs ₹16.80 lakh in H1 FY26)
  • Net Profit from Continuing Operations: ₹29.75 lakh (vs ₹49.80 lakh in H1 FY26)
  • EPS (Basic & Diluted): ₹0.057 (vs ₹0.095 in H1 FY26)

Capital Structure

  • Paid-up Equity Share Capital: ₹525.00 lakh (unchanged from previous periods)
  • Other Equity: ₹2,244.91 lakh (vs ₹2,215.17 lakh as of March 31, 2026)

Significant Corporate Development

Consequent upon completion of the open offer under SEBI (SAST) Regulations, 2011, Mr. Gordhan P. Tanwani (Promoter) transferred 3,27,00,000 equity shares (62.29% of share capital) to Skybridge Interactive LLP (the Acquirer) on October 6, 2026, resulting in a change in control of the Company in favor of the Acquirer. The balance 65,00,000 equity shares (12.38%) are to be transferred as the Final Tranche in terms of the completion of terms of Closing as per Share Purchase Agreement dated February 25, 2026.

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: (₹284.76) lakh
  • Net Cash from Investing Activities: ₹1,233.65 lakh (including Fixed Deposits placed: ₹1,125.00 lakh, Interest Income: ₹69.65 lakh, Rent Income: ₹39.00 lakh)
  • Net Cash from Financing Activities: ₹0.00 lakh
  • Net Increase in Cash and Cash Equivalents: ₹948.89 lakh
  • Closing Balance of Cash & Cash Equivalents: ₹1,560.92 lakh (vs Opening Balance: ₹612.03 lakh)

Balance Sheet Position (as of September 30, 2026)

Assets

  • Total Assets: ₹2,839.81 lakh (vs ₹2,846.24 lakh as of March 31, 2026)
  • Non-Current Assets: ₹750.33 lakh (Property, Plant and Equipment: ₹4.77 lakh, Investment Property: ₹154.09 lakh, Financial Assets: ₹3.13 lakh, Income Tax Asset: ₹137.77 lakh, Other Non-Current Assets: ₹450.57 lakh)
  • Current Assets: ₹2,089.48 lakh (Inventories: ₹98.60 lakh, Trade Receivables: ₹1.83 lakh, Cash and Cash Equivalents: ₹1,560.92 lakh, Loans: ₹400.00 lakh, Other Financial Assets: ₹21.66 lakh, Other Assets: ₹6.47 lakh)

Liabilities and Equity

  • Total Equity: ₹2,769.91 lakh (Share Capital: ₹525.00 lakh, Other Equity: ₹2,244.91 lakh)
  • Non-Current Liabilities: ₹39.29 lakh (Other Financial Liabilities: ₹16.96 lakh, Employee Benefit Obligation: ₹6.33 lakh, Deferred Tax Liability: ₹16.00 lakh)
  • Current Liabilities: ₹30.60 lakh (Trade and Other Payables: ₹0.91 lakh, Other Financial Liabilities: ₹4.84 lakh, Employee Benefit Obligation: ₹21.92 lakh, Other Liabilities: ₹2.93 lakh)

Related Party Transactions (Half Year Ended September 30, 2026)

Key Management Personnel Remuneration

  • Mr. Nikhil G. Tanwani (Chairman & Managing Director): ₹3.00 lakh
  • Mr. Ajay D. Acharya (Chief Financial Officer): ₹9.00 lakh
  • Mr. Naishadh H. Mankad (Company Secretary): ₹6.00 lakh

Director Sitting Fees

  • Mrs. Malavika A. Acharva: ₹2.90 lakh
  • Mr. Shekhar Mennon: ₹2.90 lakh
  • Mr. Hemrai Chheda: ₹2.90 lakh

Closing Balances with KMP

  • Mr. Nikhil G. Tanwani: ₹0.50 lakh (Other Current Liabilities)
  • Mr. Ajay D. Acharya: ₹1.50 lakh (Other Current Liabilities)
  • Mr. Naishadh H. Mankad: ₹1.00 lakh (Other Current Liabilities)