Skybridge Interactive LLP Announces Open Offer for Baba Arts Limited Under SEBI SAST Regulations

Baba Arts Limited is subject to an open offer announcement by Skybridge Interactive LLP for the acquisition of equity shares under SEBI's Substantial Acquisition of Shares and Takeover (SAST) Regulations. The comprehensive offer involves the acquisition of a significant stake in the Mumbai-based company, with detailed regulatory compliance measures in place. Open Offer Details Skybridge Interactive LLP has announced an open offer to acquire up to 1,32,92,000 equity shares of Baba Arts Limited at ₹6.00 per share. The offer represents 25.32% of the company's total equity and voting share capital, with each share having a face value of ₹1.00. Parameter Details Offer Size 1,32,92,000 equity shares Percentage of Capital 25.32% Offer Price ₹6.00 per share Face Value ₹1.00 per share Total Consideration ₹7,97,52,000 Payment Mode Cash The offer size is restricted to shares held by public shareholders, as per SEBI (SAST) Regulations requirements. While the standard requirement mandates at least 26.00% of total equity and voting share capital, this offer is limited to available public shareholding. Underlying Transaction Details The open offer has been triggered by a Share Purchase Agreement executed on February 25, 2026, between Skybridge Interactive LLP and the selling shareholder Mr. Gordhan Prabhudas Tanwani. Through this agreement, the acquirer will purchase 3,92,00,000 equity shares representing 74.67% of the company's equity and voting share capital. Transaction Details Specifications Transaction Type Direct acquisition via Share Purchase Agreement Shares Acquired 3,92,00,000 equity shares Percentage Acquired 74.67% Purchase Price ₹6.00 per share Total Consideration ₹23,52,00,000 Selling Shareholder Mr. Gordhan Prabhudas Tanwani Acquirer Information Skybridge Interactive LLP, the acquiring entity, is based in Mumbai with its registered address at 30, Floor 2nd, Plot 327, Nawab Building, D.N. Road, Hutatma Chowk, Fort, Mumbai. The LLP has designated partners Mr. Devang Dinesh Master and Mr. Ayush Devang Master, along with Skybridge Incap Advisory LLP as a partner. Prior to this transaction, the acquirer held no shares in Baba Arts Limited. Target Company Profile Baba Arts Limited, incorporated with CIN L72200MH1999PLC119177, operates from its registered office at B1 & B4, Baba House, 86, M.V Road, Andheri (East), Mumbai. The company's equity shares are listed on BSE Limited under scrip code 532380 and scrip ID BABA. Regulatory Compliance and Timeline Bonanza Portfolio Limited serves as the Manager to the Offer, holding SEBI registration number INM000012306. The Detailed Public Statement will be published in newspapers within 5 working days of the public announcement, on or before March 05, 2026. The acquirer has confirmed intentions to retain the listing status of Baba Arts Limited, with no delisting offer proposed. The offer operates under SEBI (SAST) Regulations 3(1) and 4, ensuring full regulatory compliance throughout the acquisition process. Baba Arts Limited announced the publication of its unaudited financial results for the quarter and nine months ended December 31, 2025, in compliance with SEBI regulations. The Mumbai-based company, engaged in trading IPR of film rights, production of films and TV serials, and digital media content, published the results in The Free Press Journal and The Navshakti newspapers on February 13, 2026. Regulatory Compliance and Publication Pursuant to Regulation 47(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, the company published its financial results extract in leading newspapers. The results were approved by the Board of Directors at their meeting held on February 11, 2026, and have been subjected to limited review by statutory auditors M M Nissim & Co LLP, who expressed an unmodified opinion. Publication Details: Information Publication Date: February 13, 2026 Newspapers: The Free Press Journal, The Navshakti Board Approval Date: February 11, 2026 Auditor Opinion: Unmodified Financial Performance Overview The company's Q3 FY26 financial performance showed mixed results with significant revenue growth but declining profitability: Metric: Q3 FY26 Nine Months FY26 Year Ended FY25 Total Income from Operations: ₹287.08 lakhs ₹1,022.97 lakhs ₹688.53 lakhs Net Profit Before Tax: ₹6.20 lakhs ₹72.80 lakhs ₹194.07 lakhs Net Profit After Tax: ₹5.18 lakhs ₹54.86 lakhs ₹143.84 lakhs Total Comprehensive Income: ₹5.02 lakhs ₹54.64 lakhs ₹140.02 lakhs Earnings and Capital Structure The company maintained stable equity share capital while earnings per share reflected the profit decline: Parameter: Q3 FY26 Nine Months FY26 Year Ended FY25 Equity Share Capital: ₹525.00 lakhs ₹525.00 lakhs ₹525.00 lakhs Basic EPS: ₹0.010 ₹0.105 ₹0.274 Diluted EPS: ₹0.010 ₹0.105 ₹0.274 Other Equity: - - ₹2,150.83 lakhs Nine-Month Performance Analysis For the nine-month period ended December 31, 2025, Baba Arts demonstrated substantial operational income growth to ₹1,022.97 lakhs compared to the full year FY25 figure of ₹688.53 lakhs. However, net profit after tax declined to ₹54.86 lakhs for nine months versus ₹143.84 lakhs for the complete previous financial year. Compliance and Accessibility The complete financial results are accessible through multiple channels including the BSE website ( www.bseindia.com ) and the company's official website ( www.babaartslimited.com ). The results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 prescribed under Section 133 of the Companies Act, 2013. The company has also provided QR codes in the newspaper publications for easy digital access to detailed financial statements. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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