Baba Arts Limited has completed a major change in control as Skybridge Interactive LLP acquires a 62.29% stake. The transition has triggered a complete boardroom and management reshuffle, including the appointment of Ms. Vidya Pishe as Managing Director and the resignation of previous leadership. The company has also announced its upcoming 27th AGM scheduled for November 3, 2026.
Baba Arts Completes Ownership Transition and Board Overhaul
Skybridge Interactive LLP has acquired 32,700,000 equity shares representing a 62.29% stake in the company. A final transfer of 6,500,000 shares is currently pending to complete the ownership shift.
Reader Takeaway: New management assumes total control; focus shifts to the strategic direction under the incoming promoter team.
What just happened
Baba Arts Limited has undergone a significant corporate transition following an open offer by Skybridge Interactive LLP. The acquisition of control by the new entity has resulted in a comprehensive management and board reshuffle effective October 9, 2026. The former promoter, Mr. Gordhan P. Tanwani, has exited the company alongside the key management team, including the Managing Director and CFO.
Management and Board Reconstitution
The board has been entirely reconstituted with new leadership appointments. Ms. Vidya Pishe has been named the new Managing Director for a five-year term ending in 2031. Mr. Chandresh Dutt Upadhyay has been appointed as the new Chairperson. Other new board members include Mr. Eknath Bade, Mr. Hardeep Darshan Singh Sangha, and Ms. Neeru Saini.
Resignations
Several legacy members stepped down citing the change in management, including Mr. Nikhil G. Tanwani (Managing Director), Mr. Ajay D. Acharya (CFO), and directors Mrs. Malavika A. Acharya, Mr. Hemraj Chheda, and Mr. Shekhar Mennon.
Auditor and AGM Updates
In tandem with the leadership changes, the company has replaced its secretarial and internal auditors. M/s. G. R. Gupta & Associates has been appointed as the new secretarial auditor, while M/s. Jitendra Chandulal Mehta & Co. will serve as internal auditor for FY 2026-27. The 27th Annual General Meeting is set for November 3, 2026, via video conferencing, with e-voting facilities available from October 30.
What to track next
Investors should monitor the company's upcoming disclosures regarding its revised business strategy and operational roadmap under the new promoter group.