09-Oct-2026 20:53:47
BABA ARTS : CHANGE IN CONTROL AS SKYBRIDGE INTERACTIVE ACQUIRES 62.29% STAKE
• Change in control: Skybridge Interactive LLP acquired 3,27,00,000 equity shares (62.29%) from promoter Gordhan P. Tanwani, transferred on 6 October 2026 • Balance 65,00,000 equity shares (12.38%) to be transferred as final tranche under Share Purchase Agreement dated 25 February 2026 • Board reconstituted: Ms. Vidya Pishe appointed Managing Director for 5 years (9 Oct 2026 to 8 Oct 2031); Mr. Chandresh Dutt Upadhyay elected Chairperson • Additional directors appointed: Mr. Eknath Bade, Mr. Hardeep Darshan Singh Sangha, Ms. Neeru Saini, Mr. Chandresh Dutt Upadhyay and Ms. Vidya Pishe • Resignations: Mr. Nikhil G. Tanwani (MD), Mrs. Malavika Acharya, Mr. Hemraj Chheda, Mr. Shekhar Mennon and CFO Mr. Ajay D. Acharya, effective close of business 9 October 2026 • Secretarial auditor Dholakia & Associates LLP resigned; G. R. Gupta & Associates appointed to fill casual vacancy; internal auditor changed to Jitendra Chandulal Mehta & Co. for FY 2026-27
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