Baba Arts Limited has submitted a revised disclosure to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015. This filing corrects a clerical error in the company's previous disclosure dated 3rd November, 2026.
The original disclosure concerned the transfer of the final tranche of 65,00,000 equity shares (representing 12.38% of the paid-up capital) by Mr. Gordhan P. Tanwani (Promoter) to M/s. Skybridge Interactive LLP (Acquirer). This transfer was executed pursuant to a Share Purchase Agreement dated 25th February, 2026.
The error was in Annexure A, where the Acquirer's shareholding was incorrectly stated. The corrected figures are as follows:
Before the Transfer:
- Skybridge Interactive LLP held 3,27,00,602 shares (62.29%)
- The public held 1,32,91,398 shares (25.32%)
After the Transfer of 65,00,000 shares:
- Skybridge Interactive LLP holds 3,92,00,602 shares (74.67%)
- The public holding remains at 1,32,91,398 shares (25.32%)
- Mr. Gordhan P. Tanwani's holding is reduced to nil from 65,00,000 shares
- Another promoter, Mr. Pravin J. Karia, retains a minimal holding of 8,000 shares (0.01%)
The total paid-up equity share capital remains unchanged at 5,25,00,000 equity shares of Re. 1 each. The note clarifies that the existing Promoter/Promoter Group will continue to be classified as such until reclassified under Regulation 31A of the Listing Regulations. The Acquirer's holding includes 602 equity shares acquired under an Open Offer.
The revised Annexure A is to be taken on record in place of the previously filed version. The document was signed by Naishadh Haresh Mankad, Company Secretary & Compliance Officer (Membership No.: A2996).