Baba Arts: Board approves multiple director appointments & resignations

Baba Arts Ltd's Board of Directors, at its meeting on October 9, 2026, approved significant changes in its management. The Board noted the resignations of five individuals, including Mr. Nikhil G. Tanwani (Chairman & Managing Director) and Mr. Ajay D. Acharya (Chief Financial Officer). Concurrently, the Board approved the appointment of five new directors. Ms. Vidya Pishe was appointed as the new Managing Director, and Mr. Chandres Dutt Upadhyay was appointed as Independent Director and Non-Executive Chairman of the Board. The company stated that all resignations were a consequence of a change in the management and control of the company, with no other material reasons involved.