Babur (also spelled Babar) defeated Ibrahim Lodi in the First Battle of Panipat in 1526 and established the Mughal Empire in India. He ruled until his death in 1530, a period of about 4 years. The correct option B (1526-1530) accurately reflects this reign. Option D extends the period incorrectly, while options A and C don't align with the historical timeline of the First Battle of Panipat.