Pursuant to Regulation 30 of the Listing Regulations, we have to inform you that Mr.Hasmukh Shah (DIN 00150891) Independent Director of the Company, has vide his resignation letter dated ....
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Baba Arts Limited has informed the BSE that Mr. Hasmukh Shah (DIN 00150891), Independent Director of the company, resigned with immediate effect on 15 January 2026. The reason cited is his inability to clear the mandatory Online Proficiency Self-Assessment Test for Independent Directors, as prescribed under Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. The company has confirmed there are no other material reasons for his resignation. Mr. Shah also ceased to be a member of the Audit Committee, Stakeholders' Relationship Committee, and Nomination and Remuneration Committee. The Board has reconstituted all three committees on the same day using existing directors (Mr. Hemraj Chheda, Mr. Shekhar Mennon, and Mrs. Malavika A. Acharya). Mr. Shah held no directorships in any other listed entity.
This is a routine governance event caused by a regulatory qualification requirement and is unlikely to materially affect the stock price or operations. The board has quickly reconstituted all committees, so there is no disruption to governance structure. Shareholders should note the vacancy on the board will need to be filled within the timelines prescribed under SEBI/Companies Act rules.