The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navin Chand Suchanti & PACs
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Darshik D. Mehta, a member of the Promoter Group of Neo Infracon Ltd, acquired 7,500 equity shares (0.05% of total share capital) through open market purchase on 30th March 2026. Before this acquisition, the acquirer held 3,69,550 shares representing 6.96% of the company's voting capital. After the purchase, the holding increased to 3,77,050 shares or 7.11% of total equity share capital of 53,06,800 shares. This is a routine disclosure filed under SEBI SAST regulations for a relatively small open market acquisition by a promoter group member.
This is a minor incremental purchase by a promoter group member and is unlikely to have any significant impact on the stock price. The increase in promoter holding from 6.96% to 7.11% signals continued confidence in the company, though the quantum of purchase is very small.