Explanation:

- Option 1: Sikander Lodi

- Sikander Lodi was the Sultan of Delhi from 1489 to 1517.

- He was known for his patronage of arts and culture but did not fight Babur at Panipat.

- Option 2: Rana Lodi

- There is no historical figure widely recognized as "Rana Lodi."

- This option doesn't match historical records related to the Battle of Panipat.

- Option 3: Bahlul Lodi

- Bahlul Lodi founded the Lodi dynasty and was Sultan from 1451 to 1489.

- He was not involved in the Battle of Panipat as he died many years before.

- Option 4: Ibrahim Lodi

He was the last Sultan of the Lodi dynasty.

- Ibrahim Lodi was defeated by Babur at the First Battle of Panipat in 1526.