BSEInsider Trading / SAST8 Oct 2026 · 8 Oct 2026, 09:16 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gordhan P Tanwani & Others
Baba Arts Ltd-$ · 532380
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Gordhan P. Tanwani, a promoter of Baba Arts Ltd, has transferred 3.27 crore equity shares to Skybridge Interactive LLP under a share purchase agreement dated February 25, 2026. The transfer is in connection with a change of control under Regulation 3(1) & 4 of the SEBI (SAST) Regulations, 2011.
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Baba Arts Ltd-$ - 532380 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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GORDHAN P. TANWANI
801, Sai Samarth Plot no.234, 11th Road, Khar (W), Mumbai-400052
October, 2026
The Deputy Company Secretary,
The BSE Limited
Corporate Relationship Department
Dalal Street
Mumbai 400001
Dear Sir.
Re: Off Market Transfer of 3,27,00,000 Equity Shares of Baba Arts Limited ("the Company")
from Mr. Gordhan P. Tanwani to M/s. Skybridge Interactive LLP pursuant to the Share
Purchase Agreement ("SPA") dated 25" February, 2026.
With reference to the subject matter, I am submitting herewith my disclosure under Regulation 29(2)
of SEBI (SAST) Regulations, 2011 being my report in respect of off market transfer of 3,27,00,000
equity shares of the Company by me to Mis. Sky bridge Interactive LLP pursuant to the SPA dated
25" February, 2026.
Please take the same on your records.
Thanking you,
Yours truly,
GORDHA7I
Copyto:�
Baba Arts Limited
GORDHAN P. TANWANI
801, Sai Samarth Plot no.234, 11th Road, Khar (W), Mumbai-400052
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Name of the Target Company {TC} BABA ARTS LIMITED
Name(s) of the Seller and Persons Mr. Gordhan P. Tanwani- Promoter 1
Acting in Concert (PAC} with the Mr. Rahul G. Tanani -Promoter 2
Mr. Pravin Karia - PAC
acquirer
Whether the Seller belongs to YES-Existing Promoter 1
Promoter/Promoter group
Name(s) of the Stock Exchange(s) BSE LIMITED
where the shares of TC are Listed
Details of the disposal as Number of % w.r.t. total % w.r.t. total diluted
follows Equity share/voting share/voting capital of
Shares capital the TC()
wherever
applicable
Before the disposal under
consideration, holding of:
a) Shares carrying voting rights Promoter 1 Promoter 1 Promoter 1
3,92,00,000 74.67 74.67
Promoter 2 Promoter 2 Promoter 2
NIL NIL NIL
PAC PAC PAC
8000 0.001 0.001
b) Shares in the nature of NIL NIL NIL
encumbrance (pledge/ lien/non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise NIL NIL NIL
than by shares
d) Warrants/convertible NIL NIL NIL
securities/any other instrument
that entitles the acquirer to
receive shares carrying voting
rights in the TC (specify holding in
each category)
Total (a+b+c+d) 3,92,08,000 74.68 74.68
GORDHAN P. TANWANI
801, Sai Samarth Plot no.234, 11th Road, Khar (W), Mumbai-400052
Details of sale
a) Shares carrying voting rights Promoter 1 Promoter 1 Promoter 1
acquired/sold 3,27,00,000 62.29 62.29
Promoter 2 Promoter 2 Promoter 2
NIL NIL NIL
PAC PAC PAC
NIL NIL NIL
b) VRs sold otherwise than by NIL NIL NIL
shares
c) Warrants/convertible NIL NIL NIL
securities/any other instrument
that entitles the acquirer to
receive shares carrying voting
rights in the TC (specify holding in
each category) sold
d) Shares NIL NIL NIL
encumbered/invoked/released by
the acquirer
Total (a+b+c+d) 3,27,00,000 62.29 62.29
After the sale, holding of:
a) Shares carrying voting rights Promoter 1 Promoter 1 Promoter 1
65,00,000 12.38 12.38
Promoter 2 Promoter 2 Promoter 2
NIL NIL NIL
PAC PAC PAC
8000 0.001 0.001
b) Shares encumbered with the NIL NIL NIL
acquirer
c) VRs otherwise than by shares NIL NIL NIL
d) Warrants/convertible NIL NIL NIL
securities/ any other instrument
that entitles the acquirer to
receive shares carrying voting
rights in the TC (specify holding in
each category) after acquisition.
Total (a+b+c+d) 65,08,000 12.39 12.39
GORDHAN P. TANWANI
801, Sai Samarth Plot no.234, 11th Road, Khar (W), Mumbai-400052
5. Mode of sale (e.g. open market / Sale -Off Market sale pursuant to Share Purchase
off-market/ public issue/ rights Agreement dated 25" February, 2026 (in Connection
with Change of Control under Regulation 3(1)& 4 of the
issue / preferential allotment /
SEBI (SAST) Regulations, 2011
inter-se transfer etc).
6. Date of sale of shares 6" October, 2026
7. Equity share capital / total Rs.5,25,00,000 (Rupees Five Crore Twenty Five Lakhs
voting capital of the TC before Only)
the said acquisition/ sale
Equity share capital/ total Rs.5,25,00,000 (Rupees Five Crore Twenty Five Lakhs
voting capital of the TC after Only)
the said acquisition / sale
9. Total diluted share/voting capital Rs.5,25,00,000 (Rupees Five Crore Twenty Five Lakhs
of the TC after the said Only)
acquisition/sale.
GORDHAN PRABHUDAS TANWANI
PROMOTER
DATE:GT OCTOBER, 2026