Announced Fri, 9 Oct, 2026 · 20:56 IST
Chairman and MD Nikhil Tanwani resigns after change of management control
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+12.2%1-day move
₹18.39
prior close
₹18.38
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-1.4-0.4-1.0+12.2+24.0————————
Up moveDown movePending
AI summary
Baba Arts Chairman and Managing Director Nikhil G. Tanwani resigned effective 9 October 2026, following a change in management and control of the company. The shift happened after Skybridge Interactive LLP completed the open offer under SEBI takeover regulations. His exit as MD also operates as resignation from the Board. No other material reasons were cited.
Likely market impact
Change of control complete via open offer. Incoming acquirer Skybridge Interactive LLP takes over, likely bringing new management direction and board changes.