Baba Arts Limited announced that its promoters, Mr. Gordhan P. Tanwani and Mr. Rahul G Tanwani, have submitted requests to be reclassified from the ‘Promoter’ category to the ‘Public’ category. This move is in line with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company board will consider these requests.
Promoter Reclassification Request
Baba Arts Limited has officially informed the stock exchange that its promoters, Mr. Gordhan P. Tanwani and Mr. Rahul G Tanwani, have submitted formal requests for reclassification. The requests seek to change their status from the ‘Promoter’ category to the ‘Public’ category of shareholding in the company.
Regulatory Compliance and Board Consideration
This reclassification request is being made pursuant to the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the requests, along with all necessary supporting documents, will be placed before the Board of Directors of Baba Arts Limited for thorough consideration and decision-making. This action follows a Board meeting outcome on November 6, 2026.
Source: BSE
