Board overhaul at Baba Arts post Skybridge Open Offer; MD, CFO, 3 directors exit, 5 join

Ceo ResignedCfo ResignedCeo Appointed ExternalMultiple Ind Directors ResignedKmp ResignedDirector ResignedManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹18.39

prior close

₹18.38

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.3% vs market

Film Production, Distribution & Exhibition peers, median of 15sector-1.0%+2.2% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Film Production, Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-1.4

15m

-0.4

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.8+0.3-1.0+2.2

Next day

+12.2+1.0+11.2+0.0+12.2

+24.0+1.7+22.2+0.8+23.2

+28.9+0.1+28.8+0.8+28.1

+22.5+0.8+21.7-0.3+22.8

+18.5-0.9+19.4+0.7+17.8

+14.7-4.5+19.2-2.6+17.3

15d

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UpDownMarket · Nifty Microcap 250Sector · Film Production, Distribution & Exhibition peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Baba Arts Limited's board has been fully reconstituted after Skybridge Interactive LLP completed its Open Offer under SEBI takeover rules. Outgoing: Chairman and MD Nikhil Tanwani, CFO Ajay Acharya, and 3 directors resigned citing change in management. Incoming: Vidya Pishe as new MD (salary Rs 9.6 lakh per year), Chandresh Upadhyay as new Non-Executive Chairman, plus 3 new directors.

Likely market impact

Total change of control and management after Skybridge Open Offer. New board may bring fresh strategy and direction for the company.