The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gordhan P Tanwani
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Gordhan P. Tanwani (father/promoter) received 1,26,00,000 equity shares (24% of diluted share capital) of Baba Arts Ltd as a gift from his son Rahul G. Tanwani on 6th February 2026. The shares were transferred without any consideration under the inter-se transfer exemption (Regulation 10(1)(a)(i)). Post-transaction, Gordhan P. Tanwani's holding rose from 50.67% (2.66 crore shares) to 74.67% (3.92 crore shares), while Rahul G. Tanwani's holding dropped from 24% to nil. The transaction is purely an internal promoter-group reshuffle and requires no open offer.
This is a family-level promoter share consolidation with no cash transaction and no impact on total promoter group holding, so it is largely neutral for minority shareholders. However, it further concentrates voting power in Gordhan P. Tanwani, who now controls nearly three-quarters of the company.