Gordhan P. Tanwani has executed an off-market transfer of 6,50,00,000 equity shares of Baba Arts Limited. This transaction, dated November 3, 2026, represents a final tranche of shares transferred to M/s. Skybridge Interactive LLP, as per a Share Purchase Agreement dated February 25, 2026. The move signifies a substantial shift in shareholding, potentially impacting the company’s ownership structure and promoter influence.
Share Transfer Details
Gordhan P. Tanwani has completed the off-market transfer of 6,50,00,000 equity shares in Baba Arts Limited. This transfer constitutes the final tranche of shares under a Share Purchase Agreement (SPA) signed on February 25, 2026, with M/s. Skybridge Interactive LLP. The transaction was officially executed on November 3, 2026.
Regulatory Disclosure
This disclosure is made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The report details the off-market transfer of the aforementioned shares.
Pre- and Post-Transaction Holdings
Before the disposal, Mr. Gordhan P. Tanwani (Promoter 1) held 6,50,00,000 shares, representing 12.38% of the total share capital. Other promoters and persons acting in concert (PACs) held negligible stakes, with Promoter 2 holding nil shares and PACs holding 8,000 shares (0.001%).
Following the sale on November 3, 2026, Mr. Gordhan P. Tanwani (Promoter 1) now holds 0 shares, with his percentage holding reducing to 0%. Promoter 2 and PAC holdings remain unchanged. The total holding of Promoter 1 and associated PACs in the target company has reduced significantly.
Transaction Value
The equity share capital and total voting capital of Baba Arts Limited before and after the acquisition/sale are stated as Rs.5,25,00,000 (Rupees Five Crore Twenty Five Lakhs Only).
Source: BSE
