Explanation:

- Option 1: Ibrahim Lodi

Ibrahim Lodi was the last ruler of the Lodi dynasty. He ruled from 1517 until 1526 when he was defeated by Babur in the First Battle of Panipat, leading to the establishment of the Mughal Empire.

- Option 2: Sikander Lodi

- Sikander Lodi was the second ruler of the Lodi dynasty. He reigned from 1489 to 1517 and was known for his administrative and military skill.

- Option 3: Barbak Shah

- Barbak Shah does not fit prominently within the Lodi dynasty timeline as a primary ruler in Delhi and is not relevant as a last ruler.

- Option 4: Bahlul Lodi

- Bahlul Lodi was the founder of the Lodi dynasty. He became Sultan after defeating the last of the Sayyid dynasty rulers in 1451.