Baba Arts Completes 74.67% Control Transfer to Skybridge

Baba Arts Limited completed the transfer of a 74.67% controlling stake to Skybridge Interactive LLP after promoter Gordhan P. Tanwani transferred the final 12.38% tranche, or 65 lakh shares, for ₹3.90 crore on November 3, 2026. The transaction completes the ownership transfer contemplated under a February 25, 2026 share purchase agreement.

What did Baba Arts announce on November 3, 2026?

Baba Arts said the final tranche of shares under its share purchase agreement had been transferred from promoter Gordhan P. Tanwani to Skybridge Interactive LLP. The off-market transaction involved 65,00,000 fully paid-up equity shares with a face value of ₹1 each.

The final tranche represented 12.38% of Baba Arts' paid-up equity share capital. It was transferred at ₹6 per share, placing the value of this specific transaction at ₹3.90 crore. The transfer was recorded in the depository records on November 3, 2026, and Baba Arts received the related intimation at 4:25 pm on the same day.

The disclosure confirms that Tanwani's direct holding in Baba Arts has fallen to nil following the final transfer. Skybridge now holds 3,92,00,600 shares, equivalent to 74.67% of the company's equity share capital.

How was the 74.67% Baba Arts stake transferred?

The 74.67% stake was transferred in two disclosed tranches pursuant to the share purchase agreement dated February 25, 2026. The first tranche was completed on October 6, 2026, when Tanwani transferred 3,27,00,000 equity shares to Skybridge through an off-market transaction.

That initial transfer represented 62.29% of Baba Arts' paid-up share capital. It reduced Tanwani's holding from 74.67% to 12.38%, leaving the 65 lakh-share tranche to be completed later. The November 3 transfer accounts for that remaining promoter holding.

The two transfers together moved 3,92,00,000 shares to Skybridge. Baba Arts described Skybridge as the acquirer in its disclosure, and the combined holding establishes it as the company's controlling shareholder.

Who controls Baba Arts after the transaction?

Skybridge Interactive LLP controls Baba Arts after acquiring 74.67% of its paid-up equity share capital. This level of ownership gives Skybridge a clear majority of the company's voting capital and marks a change in control from the previous promoter holding.

Before the final tranche, Tanwani held 65,00,000 shares, or 12.38%. The disclosed promoter-group information also listed Pravin J. Karia with 8,000 shares, representing 0.01%, taking the stated promoter-group holding at that stage to 65,08,000 shares, or 12.39%.

The final transaction changed Tanwani's direct shareholding to zero. The disclosure does not state a fresh operational plan, management change, board reconstitution, or any alteration to the business strategy following the completion of the ownership transfer.

Why does the change in control matter for investors?

The change in control matters because Skybridge has moved from being an acquirer under the agreement to holding 74.67% of Baba Arts' equity. For public shareholders, the disclosed event changes the identity of the controlling shareholder while leaving a smaller portion of the capital outside the controlling stake.

The transactions were off-market transfers rather than market purchases. The final tranche was priced at ₹6 per share, but the company disclosure does not present this transfer price as a prevailing exchange-market price or provide a comparison with the stock's trading price on the transaction date.

Baba Arts had previously disclosed that its board approved unaudited financial results for the quarter and half year ended September 30, 2026. Reported standalone figures for the September quarter included net profit of ₹17.8 lakh and total income of ₹47.1 lakh. These financial disclosures are separate from the ownership transfer, but they provide recent company context as the new controller assumes majority ownership.

For FY26, Baba Arts reported revenue of ₹14.95 crore and net profit of ₹65.30 lakh. The company said revenue growth was accompanied by lower margins in IP trading, which contributed to the lower profit outcome described in the reported results.

What is the background to the Baba Arts ownership change?

The ownership change follows a share purchase agreement signed on February 25, 2026, with execution occurring through the two later share transfers. The October 6 transfer moved the majority portion of the stake, while the November 3 transaction completed the remaining balance held by Tanwani.

Historically, promoter holding in Baba Arts had remained close to 74.68% over several reported periods. The 2026 transactions do not indicate promoter dilution through a new share issue. Instead, they represent the transfer of the controlling stake from the existing promoter to Skybridge.

The company also noted in an earlier filing that its board considered an expression of interest for a resolution plan under the Insolvency and Bankruptcy Code for Planet Marathi Seller Services Private Limited. The ownership-transfer disclosure does not link that matter to Skybridge's acquisition or specify any outcome related to the expression of interest.

Conclusion

Baba Arts has completed the planned transfer of its controlling stake to Skybridge, with the final 65 lakh shares transferred at ₹6 each for ₹3.90 crore. The two tranches transferred a combined 74.67% stake, leaving Gordhan P. Tanwani with no direct holding and making Skybridge the controlling shareholder.

Investors can watch for subsequent disclosures from Baba Arts on changes in management, board composition, business plans, or regulatory actions connected with the completed change in control. The company has confirmed the share-transfer completion, but the provided disclosures do not set out a further operating target or acquisition timetable.