Baba Arts Ltd., Board Meeting, May 20, 2013. Agenda: To approve audited results.

Baba Arts Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations was INR 0.892 million against INR 45.318 million for the same period a year ago. Loss from operations before other income, interest and exceptional was INR 1.639 million against INR 0.429 million for the same period a year ago. Profit before interest and exceptional items were INR 0.264 million against INR 2.568 million for the same period a year ago. Profit from ordinary activities before tax was INR 0.025 million against INR 2.553 million for the same period a year ago. Net profit was INR 0.017 million or INR 0.00 per basic and diluted share against INR 2.171 million or INR 0.02 per basic and diluted share for the same period a year ago. For the nine months, the company reported net sales/income from operations was INR 27.487 million against INR 294.114 million for the same period a year ago. Loss from operations before other income, interest and exceptional was INR 5.112 million against profit from operations before other income, interest and exceptional of INR 5.047 million for the same period a year ago. Profit before interest and exceptional items were INR 4.266 million against INR 15.942 million for the same period a year ago. Profit from ordinary activities before tax was INR 3.748 million against INR 15.451 million for the same period a year ago. Net profit was INR 2.491 million or INR 0.02 per basic and diluted share against INR 10.425 million or INR 0.10 per basic and diluted share for the same period a year ago.

Baba Arts Ltd., Board Meeting, Feb 05, 2013. Agenda: To consider and approve quarterly results.