BSENeo Infracon LtdHighPositive
Announced Tue, 24 Feb · 16:08 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Darshik D Mehta

Promoter Stake BuyOwnership Changes View source PDF

Price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Darshik D. Mehta, part of the promoter group of Neo Infracon Ltd, has disclosed the acquisition of 2,600 equity shares (0.04% of the company's share capital) through the open market on 23rd February 2026. His holding has increased from 3,52,454 shares (6.64%) to 3,55,054 shares (6.69%) of the company. The total equity share capital of the company stands at 53,06,800 shares. This is a routine disclosure under SEBI's Takeover Regulations for promoter group share movement.

Likely market impact

This is a small insider buy by a promoter group member and signals continued promoter confidence in the company, though the acquisition size is negligible (0.04%) and unlikely to materially impact the stock price.