Chairman and MD resigns after change of control via open offer

Kmp ResignedManagement Changes View source PDF Explain this filing

Price

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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

Mr. Nikhil G. Tanwani, Chairman and Managing Director of Baba Arts Limited, resigned effective close of business on 9 October 2026. The resignation follows the successful completion of an open offer by Skybridge Interactive LLP under SEBI SAST Regulations, resulting in a change of management and control of the company.

Likely market impact

Control has shifted to Skybridge Interactive LLP. Investors should await further updates on new board composition and strategic direction.