se Transfer of 1,26,00,000 Equity Shares Between Promoters

Baba Arts Limited has announced an inter-se transfer of equity shares between its promoters in compliance with SEBI insider trading regulations. The transaction involves the transfer of 1,26,00,000 equity shares from one promoter to another through a gift arrangement. Transaction Details The share transfer was executed on February 6, 2026, between two key promoters of the company. The transaction represents a significant movement of equity shares within the promoter group through an off-market transfer mechanism. Transaction Parameter: Details Transfer Date: February 6, 2026 Number of Shares: 1,26,00,000 equity shares Transfer Method: Gift (Inter-se Transfer) Market Type: Off-Market Disclosure Date: February 10, 2026 Promoter Shareholding Changes The transaction resulted in substantial changes to the shareholding pattern of both promoters involved in the transfer. Gordhan P. Tanwani (Acquirer) Shareholding Details: Before Transfer After Transfer Number of Shares: 2,66,00,000 3,92,00,000 Shareholding Percentage: 50.67% 74.67% Change: +1,26,00,000 shares +24.00% Gordhan P. Tanwani, holding DIN 00040942, acquired the shares from his son Rahul G. Tanwani through the gift arrangement. His address is listed as 801, Sai Samarth, 11th Road, Khar West, Mumbai-400052. Rahul G. Tanwani (Transferor) Shareholding Details: Before Transfer After Transfer Number of Shares: 1,26,00,000 Nil Shareholding Percentage: 24.00% Nil Change: -1,26,00,000 shares -24.00% Rahul G. Tanwani, holding DIN 03325233, transferred his entire shareholding to his father. His address is also listed as 801, Sai Samarth, 11th Road, Khar West, Mumbai-400052. Regulatory Compliance The company submitted the required disclosures to BSE Limited on February 10, 2026, pursuant to Regulation 7(1) and 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015. Both promoters filed Form C disclosures detailing the changes in their respective shareholdings. The disclosure was signed by Naishadh H. Mankad, Company Secretary & Compliance Officer, and submitted to the Corporate Relationship Department of BSE Limited. The company's scrip code is 532380 and trades under the symbol BABA on the exchange. Baba arts Limited has announced a significant inter-se transfer of equity shares between its promoters under SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. The transaction involves the transfer of 1,26,00,000 equity shares from one promoter to another through a gift arrangement. Transaction Details The proposed acquisition involves Gordhan P. Tanwani acquiring shares from his son Rahul G. Tanwani by way of gift. The transaction is structured as an inter-se transfer under Regulation 10(1)(a)(i) of SEBI SAST Regulations, which provides exemption from making an open offer to public shareholders. Parameter: Details Shares to be Transferred: 1,26,00,000 equity shares Percentage of Share Capital: 24% Proposed Date: February 6, 2026 Transfer Method: Gift (Off Market Transaction) Consideration: No monetary consideration Shareholding Impact The transaction will significantly alter the shareholding pattern of the company's promoter group. The transfer represents a consolidation of shares within the promoter family. Shareholder: Before Transaction After Transaction Shares % Shares % Gordhan P. Tanwani: 2,66,00,000 50.67% 3,92,00,000 74.67% Rahul G. Tanwani: 1,26,00,000 24.00% -- -- Pravin J. Karia (PAC): 8,000 0.02% 8,000 0.02% Regulatory Compliance The acquirer has made necessary declarations under SEBI SAST Regulations 2011. Key compliance aspects include: The transaction qualifies for exemption under Regulation 10(1)(a)(i) Both transferor and transferee have complied with disclosure requirements under Chapter V of Takeover Regulations during the previous 3 years The shares are classified as not frequently traded All conditions specified under Regulation 10(1)(a) regarding exemptions have been fulfilled Rationale for Transfer According to the disclosure, the shares are being gifted by Rahul G. Tanwani to his father Gordhan P. Tanwani out of natural love and affection. This represents a family arrangement within the promoter group rather than a commercial transaction. The formal disclosure was submitted to BSE Limited on January 31, 2026, in compliance with regulatory requirements for substantial acquisition of shares. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.