The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Promoter Gordhan P. Tanwani (father) will receive 1,26,00,000 equity shares (24% of total share capital) as a gift from his son Rahul G. Tanwani, who is also a promoter of Baba Arts Ltd. The transaction is a no-consideration gift between family members, qualifying for an exemption from the open offer requirement under Regulation 10(1)(a)(i) of SEBI's Takeover Regulations. Post-transaction, Gordhan P. Tanwani's stake will rise from 50.67% to 74.67%, while Rahul G. Tanwani will exit his 24% holding entirely. The acquisition is proposed for 6th February 2026, with no money changing hands.
This is a family-level internal share restructuring among promoters and does not change the total promoter holding in the company. No open offer is triggered, and since it is a gift with no price impact, there should be no direct effect on the stock price or minority shareholders.