The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhavik N Mehta
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Awaiting price reaction for this filing.
Mr. Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, has disclosed the acquisition of 24 equity shares (effectively 0.00%) of the company through the open market on 5th September 2025. Post this purchase, his individual holding stands at 3,14,333 shares, representing 5.92% of the company's total equity share capital (53,06,800 shares). The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations. While the number of shares acquired is negligible in size, the filing signals continued promoter group engagement with the stock.
The acquisition is too small (24 shares) to have any meaningful impact on the stock price or shareholder value. It signals modest promoter confidence but does not alter the company's ownership structure or control dynamics in any significant way.