SCRIP NAME: BABA. Sub.: Outcome of Board Meeting under regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Size: px

Start display at page:

Download "SCRIP NAME: BABA. Sub.: Outcome of Board Meeting under regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015."

Lesley Bridges
5 years ago
Views:

$.,!" #$%&'( ) *+, +-./ 01 23 4567 789: ;<=>?@AB CDEF GHI J HH KLMNOILPQRSTU I VWXYZ![\]^_``abcdefghijklmn!"#$%$&'()*+, Mr. S.$

1 .,!" #$%&'( ) *+, +-./ : ;<=>?@AB CDEF GHI J HH KLMNOILPQRSTU I VWXYZ![\]^_``abcdefghijklmn!"#$%$&'()*+, Mr. S. Subramanian (DCS - CRD) The BSE Limited 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai November, 2018 SCRIP CODE: SCRIP NAME: BABA Dear Sir, Sub.: Outcome of Board Meeting under regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, Pursuant to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have to inform you that the Board of Directors of our Company in its meeting held on Tuesday, the 13th November, 2018 has: 1. Approved the Un-audited Financial Results of the Company for the Quarter and Half Year ended September, 2018 and Limited Review Report thereon. 2. Approved the Buyback of upto 75,18,300 (Seventy Five Lac Eighteen Thousand Three Hundred) equity shares of face value of Re. 1/- (Rupee One Only) each at a maximum price of Rs (Rupees Four and Paise Fifty Only) per equity share aggregating to Rs. 3,38,32,350 (Rupees Three Crore Thirty Eight Lac Thirty Two Thousand Three Hundred Fifty Only) from the existing shareholders on a proportionate basis through "Tender Offer Route" pursuant to Section 68 and other applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended (the 'Buy-back Regulations') subject to approval of shareholders. 3. Consented to seek the approval of the shareholders of the Company for the Buy back Proposal by way of postal ballot in accordance with section 110 and other applicable provisions, if any, of the Companies Act, 2013 (the "Act"), read together with the Companies (Management and Administration) Rules, 2014, including any statutory modification or re-enactment thereof for the time being in force, relating to passing of resolutions by postal ballot (the "Postal Ballot Rules"). 4. Approved the notice of postal ballot for obtaining shareholders' approval for buyback of equity shares of the Company.

$!"#$ %&' ()*+,$ -./0 0123 4567 8 9:;<=>?@ABCDEFGHIJKKLMNO I PQRSTUVWXYZ[\]^_`abcdefghijkl!"#$"%&'()*+,-./0) 5.$ with the objective of maintaining Minimum Public Shareholding post Buy Back. Accordingly promoter Director did not participate in the decision making of the aforesaid resolution. Appointed : i.

with the objective of maintaining Minimum Public Shareholding post Buy Back. Accordingly promoter Director did not participate in the decision making of the aforesaid resolution. Appointed : i.

2 !"#$ %&' ()*+,$ -./ :;<=>?@ABCDEFGHIJKKLMNO I PQRSTUVWXYZ[\]^_`abcdefghijkl!"#$"%&'()*+,-./0) 5. Noted that promoter/promoter group of the Company intend to tender such number of shares held by them in the Company, as required in compliance with Buy Back Regulations I Terms of the Buy Back and with the objective of maintaining Minimum Public Shareholding post Buy Back. Accordingly promoter Director did not participate in the decision making of the aforesaid resolution. Appointed : i. Keynote Corporate Services Ltd. Merchant Bankers as the "Manager to the Offer" for the proposed buy-back ii. Shri Bhumitra Dholakia or in his absence Shri Nrupang Dholakia, Designated Partner of Dholakia & Associates LLP, Company Secretaries in Whole Time Practice to act as "Scrutinizer" for conducting the E-voting I postal ballot process in a fair and transparent manner. iii. Universal Capital Securities Pvt. Ltd. a SEBI Registered R & T agent and the existing Registrar to the Company as "R & T Agent" for the purpose of complete coordination in respect of the Buy Back of shares of the Company. Authorised Shri Gordhan P. Tanwani Managing Director, or failing him Shri Naishadh H. Mankad, Company Secretary to take all steps in connection with the proposed buy-back including seeking approval of the Shareholders. The Meeting commenced at p.m. and concluded at p.m. Kindly put up this letter on the notice board of your exchange for information of the members of the exchange. Thanking Limited Secretary

3 ! "#$% & ' ()) *+, -./ / :;<= >?@A=$@BCDEE. $ I KLE;!"#$! " # $% &' (Rs.i11 except!"! _ E V &W.%X YZ[\&] ^ # $%&' () *+, (-./%&0 (1.%&2 34 %5 6.%78' 9: :; <:=> 9: BC :D E:AF GH I JKLM N: D O:AP QR ST U:LM _`ab ab cdefgh%a i jk l& jm^n opaq rsaq tusj,wc^ PP vw x Fy z{ > >}K? >{ ~ zl :M &ƒ o `cb : D yfˆf ŠM{ Š M>Œ Ž ˆ? w Y % _`aš œ ž KP Ÿ:?: z9 9?> : FD P I i k ªa«ar sa. &Wa ]^&+,Wa ± ²³ µ ar. ik... ¹º `»j¼i a½ ¾ a À ÁW ÂÃÄÅÆÇ.... È É»jÊË % ÌÍÎÏ WÐÑ a ÒÓÔÕ^Ö' Ê c'«øaùú ] cû ^««ÜapÝ Þß àáâã.. äåæçè éqêmaë ãi ìíî ïðñòï^ F Eç F EI {>ó =ô{ ~ =Šˆ~; > õ; ö ø]ù`ã úaû, : çü. :{;: }{Cy :ˆý= w }þ I) ÿ Ùïp% a & «ã 1.25 E EE U{yF ŠF F AK{: Ö8 2']7 s AK z? w Š={9þ Uz{ ; z ;: õ> D ž! "# $%&'^ ( &)*+ A> ;õ,-.fô ô Fv / P: õ ;F = x0fy Š Ùa12³3a«^4 rsaš 5u j&]a^ ½a ã épê&waj± Ìši 6 =7 4 8> 9 9? FE w D E 9 < ME ; >z z :;<=>?@ABCD o&ãq«. (os{ E4 FGHIJK (E LIM N OcPh 6Q+RSai«6T4 ab UVWXYZ[\]^ _`abhwc^ cdec!fg hiqjk þm?l m PE Ano p? E NN P9 Pq r s étu«v wx Ä y }z{ }{}~ :? r éêuò ƒ ª sù µ 9 :{xf ˆ? : Š Œj Ž tß«ù 9 šn {=œ S yž AŸ { ³ \ P, ¹, ª«I S ûi š V &+ % Y±²³+ ßi,! µ EP E A: A 4 KI F> AK D¹ ML I? º»¼½¾ ÀÁ ÂÃÄ ÅÆ¼ Ç lèé cê Ë Ì ¼ ÍÎÏ ÐÑ`¼Ò.. ; ÓÔ, ¹ &³ª I ÕÖ Ø t-) Ù [ &Ö ÚÛ Fª6Ü Ý4 8Þ ß àp Bá =: Aâ ãäå Pæ RH çb èl éê =: 5ë»Ù ªaì>Ù»^íÍã G a î (vu I =ï ðñò«ójô õ ö a øù úûüýþÿ &a : jb aû«j Remeasurernents aò Ö!"#$% &'()*+,-./ { Ì9«³C }:ï 6}ˆ}; < ç{=p ³ «> HK I&J«KLM NOPm aq RS TUVWXYZ[\]^_ &` abcd `Ù O.OJ O.Ul H UJ U 04 hh{aek r`fùm ghijk Cornprehensrve l`ašmno3añ«ps Hók } qr st }u4 Fv w çxyz _R! & { }~ ƒ R<aš Ù &Ö ˆ= Š A: 8Œ I ŽP F: C AKI FA A: ML M { 12 š œ žö Ùã Ÿ (c ²5 ` eoo.rs ž PP }} ª«PPz }} SS{A =9 t±»²ù é³.] µ Èm 'W ²Íj± & a «sí A¹º»Lˆ¼½ cl':> ¾ À ÁÂÃ ÄÅÆÇÈÉ Ê ËÌÍÎÏ Ð& aùñòjó ÔÕ ÖÖ«ØÙÚ ÛÜÝÞßàáâã J ä åæçèé & ÿw± µ - : Aê : :ô s:{:=ëì K =í }ˆK z : wz l i - - i,-rk. 1 ; I ({,I <:.:» P.! "#$%" & &'()*+,-. / = rtace: Mumbu! :;<=/ >. -

$! "#$ #% & '()* +,-.. / 0* +,1 1% l!"#$% 2 3 456789 ::& I ;<4= >4?;47& @ SEGi\lENT WISE REVENUE RESULTS AND CAPITAL EMPLOYED Rs.$

4 ! "#$ #% & '()* +,-.. / 0* +,1 1% l!"#$% ::& I ;<4= SEGi\lENT WISE REVENUE RESULTS AND CAPITAL EMPLOYED Rs. Lakhs Particulars Quarter Ended Half Year Ended Year Ended Unaudited Unaudited Unaudited llnaudited Unaudited Audited I Segment Revenue (Net Sales) a) Trading in IPR of Film Rights b) Production of Films & TV Serials c) Studio Total Net Income From Operations Segment Results - Profit before tax & Interest a) Trading in IPR of Film Rights (I 15) (I 19) (3.27) b) Production of Films & TV Serials (0 17) (0 55) ( 13 67) (0 72) ( 14.42) ( 15 88) c) Studio ( 16 46) ( 19 29) (21 29) (35 75) (37 68) (69 74) Tomi (20.99) (36.15) 37..JI (SS.37) (20.S9) Finance Cost (0 05) 000 (0 90) (0 05) (0 91) ( I 08) Others (Unallocable Income - Unallocable Expenses) Total Profit Before Tax 88.6.J (8.90) Segment Assets a) Trading in IPR of Film Rights b) Production of Films & TV Serials J.j c) Studio I SJ d) Unallocated Assets ,51 73 Totul Segment Assets Segment Llabilltles a) Trading in IPR of Film Rights b) Production of Films & TV Serials d) Unallocated Liabilities Total Segment Liabilities I The above unaudited results for the quarter and half year ended 30th September, 2018 have been reviewed by the Audit Committee at its meeting held on 13th November, 2018 and thereafter approved by the Board of Directors at its meeting held on 13th November, 2018 and have been subjected to limited review by statutory auditors of the company Exceptional Item (Point No. 4 in previous vearl relates to expenses towards buv back of eouitv shares 3 This statement has been prepared in accordance with Companies (Indian Accounting Standards) Rules 2015 (Ind AS). prescribed u/s 133 of the Companies Act, 2013 and other recognized accounting practises and policies to the extent applicable. The Board of Directors have proposed to buy back upto 75,18,300 fully paid up equity shares of the Company at a maximum price of Rs.4.50 per share subject to approval of the members to be obtained through.«: Postal Ballot/ E-voting process. The previous period figures have been regrouped/ re-arranged, wherever necessary, to conform with current classifications. 6 Effective April 1,2018 the company has adopted IND AS 115' Revenue From Contracts with Customers'. Based on the assessment done by management, there is no material impact on the revenue recognized. fi' <t! "# $ %&' ((()(*+, j -.#"/ %56/ M Al Q) ( I

$!"#$%& ' ()) *+,-. /0 123 4 5 6 7 8 92:; <=>? @A BC 0 D E FG HI JKL M I BNO E PQRQ GSTEUVWXY!"# $%&'()*+',- &$$.'$ & /&0/1%1(2 Jyí îc ï}ã ei K el G 34567894:; =FðGè¼F: ñ4:ò <==.>? @ABCD8EFBG HI;FG; JKL M"NOPQR 3SKBT KUV WXYZ[\]U^ _L `ab4c7ds eft ghi jckolm#fun _ohp?$ $<6=!!<> ( ŸZK¹ 6FI @ º DƒEF»G «6d¼9hGZ I ½¾ ÀG OM Á 4c}KÂ «ZK9TZO; 3 (b) Ã} M6Ä ~få"h ÆÇÈ.#Å"ÉOx ÊOcOËZÌ ÍShÎdG"U + _VL ~OËfMOÏ {d «Z ZÐZÑfl?@AB C3 >AG4Ò ÓAº EFcn «64¼6Ò6ÔÕ + D!$

5 !"#$%& ' ()) *+,-. / :; BC 0 D E FG HI JKL M I BNO E PQRQ GSTEUVWXY!"# $%&'()*+',- &$$.'$ & /&0/1%1(2 Jyí îc ï}ã ei K el G :; =FðGè¼F: ñ4:ò HI;FG; JKL M"NOPQR 3SKBT KUV WXYZ[\]U^ _L `ab4c7ds eft ghi jckolm#fun _ohp?q8rs tou"lt; Jv66p wmkx yx7fhzksxl _hkl {4 O; g}l ~M wd H;;x^; > Dƒ Fcn H;lF l!" D E cg HI Gl g i ckout"mzol _L ˆ 4c7KS ŠO ghi UzŒmOcT 66L wmdx ŽO7x6zSf # DK UV.X8hk SŒcG $% &$' Jh p dc ds4c}; " fm c D ; dcv DdI š ZkdSŒ œ ( # Zkž Ÿ dc; )$ * +, * J}L T O eo $-.(( >AG 9 D FUG Hl;F / 012%3 > ><Ÿ e=?? 4 5%6(. / H@ ª1H «1>j. 8 ž? d:f Dd±hG²S * J³L G µ. Z 7 89: ;!<6=!!<> ( ŸZK¹ º DƒEF»G «6d¼9hGZ I ½¾ ÀG OM Á 4c}KÂ «ZK9TZO; 3 (b) Ã} M6Ä ~få"h ÆÇÈ.#Å"ÉOx ÊOcOËZÌ ÍShÎdG"U + _VL ~OËfMOÏ {d «Z ZÐZÑfl?@AB C3 >AG4Ò ÓAº EFcn «64¼6Ò6ÔÕ + D! D EFcG «6¼hÒhGÖF g4i `ob4c} S ªZKTOl Jp w:kvo 4B G xm K KO EF G JhØp Ù OM `6ÚdÚ}h4S «ÛÜÝO G GG _Þp #Å ÉOf ÊfcOËZG hßkà"c áâã T OM «dþzäzìo.($ H >ATK9 å8e c «ÛæSçèœ 3$ I >H«. é1ê H@ «1Hë1«/ 1 ì < & J>K>!"# & $%&'()* +,-./ !893 : ;<=&*>

AR.UNKUMAR K. SHAH & Co. CHARTERED ACCOUNTANTS C. A. Arun K. Shah A/602 Vijay Park Co. Op. Housing Society Ltd., Mathuradas Extn. Road, lraniwadi, Kandivali (W), Mumbai - 400 067 Tel.

com Mobile: 93244 61141 To, The Board of Directors BABA ARTS LIMITED Mumbai Limited Review Report We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of BABA ARTS

6 AR.UNKUMAR K. SHAH & Co. CHARTERED ACCOUNTANTS C. A. Arun K. Shah A/602 Vijay Park Co. Op. Housing Society Ltd., Mathuradas Extn. Road, lraniwadi, Kandivali (W), Mumbai Tel.: arun1957shah@yahoo.com Mobile: To, The Board of Directors BABA ARTS LIMITED Mumbai Limited Review Report We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of BABA ARTS LIMITED (the "Company") for the quarter and for half year ended on September 30, 2018 ("the statement"), being submitted by the company pursuant to the requirements of Regulation 33 of the SEBl(listing Obligations and Disclosure Requirements) Regulation,2015 read with Circular No CIR/GFD/FAC/62/2016 dated July 5, This statement is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with recognition and measurement principals laid down in Indian Accounting Standard 34 "Interim Financial Reporting" as prescribed under section 133 of the Companies Act,2013 ("the Act")read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. We conducted our review in accordance with the Standard on" Review Engagement (SRE) 2400, Review of Interim Financial Information Performed by the Independent Auditor of the entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Financial Statements are free of material misstatement. A review is limited primarily to inquiries of the Company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Unaudited Financial Results prepared in accordance with applicable Indian Accounting Standards (Ind AS) and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular No.CIR/CFD/FAC/62/2016 dated July 5, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Arunkumar K Shah & Co. Firm Registration No. : 12693SW Place: Mumbai Date: 13th November, 2018

THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra-Kurla Complex, Sandra (East) Mumbai

THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra-Kurla Complex, Sandra (East) Mumbai GlaxoSmithKline Pharmaceuticals Ltd. GSK House, Dr. Annie Besant Road, Worli, Mumbai - 400 030 Tel No: +9 I 22 2495 9595 Fax No: +91 22 2495 9494 Web: www.gsk-india.com Email: askus@gsk.com 24th July,