Gordhan P. Tanwani transfers 3,27,00,000 equity shares to Skybridge Interactive LLP off market

Baba Arts Ltd has informed BSE that Mr. Gordhan P. Tanwani transferred 3,27,00,000 equity shares of the company to M/s. Skybridge Interactive LLP.

Tue 6 Oct 2026

Shares Transferred

3,27,00,000 equity shares

Date of Transfer

6 October 2026

Basis of Transfer

Share Purchase Agreement dated 25 February 2026

What was disclosed

Baba Arts Ltd has informed BSE that it received Form C from Mr. Gordhan P. Tanwani, in respect of a change in his shareholding in the company.

According to the disclosure, he transferred 3,27,00,000 equity shares of the company to M/s. Skybridge Interactive LLP on 6 October 2026.

The transfer was made by way of an off market transfer, pursuant to a Share Purchase Agreement dated 25 February 2026. The company submitted this information under Regulation 7(1) and 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The key points at a glance

• Seller of the shares: Mr. Gordhan P. Tanwani
• Buyer of the shares: M/s. Skybridge Interactive LLP
• Number of shares: 3,27,00,000 equity shares
• Mode of transfer: off market transfer
• Basis of the transfer: Share Purchase Agreement dated 25 February 2026
• Date of transfer: 6 October 2026

Why such a update is made

Regulation 7(1) and 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 require a listed company to inform the stock exchange when it receives intimation of a change in the shareholding of persons covered by those regulations. Form C is the format used for such intimation by the person whose holding changes.

How a retail investor can read this

• This is a change of hands of existing shares between a seller and a buyer. The company itself is not issuing new shares, and no money goes to the company from this transaction.
• An off market transfer happens outside the exchange's trading system, so it is not a trade executed on the screen.
• The shares move from Mr. Gordhan P. Tanwani to M/s. Skybridge Interactive LLP. Such a shift changes who holds that block of shares in the company's shareholder base.
• The disclosure is specific to one shareholder's holding. It does not, by itself, carry any operating or financial information about the company's business.

Points to keep in mind

• The disclosure sets out the number of shares transferred and the mode of transfer, along with the agreement that the transfer is based on.
• The transfer was made on 6 October 2026, while the Share Purchase Agreement is dated 25 February 2026, so the agreement precedes the actual transfer of shares.

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