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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Mr. Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, has disclosed an acquisition of 970 equity shares (0.01% of share capital) under Regulation 29(2) of the SEBI Takeover Regulations. The shares were bought through the open market on 2nd March 2026. His total holding increased marginally from 3,14,924 shares (5.93%) to 3,15,894 shares (5.95%). The total equity share capital of the company stands at 53,06,800 shares. No encumbrance or pledge activity was involved in this transaction.
The acquisition is very small in size and is more of a routine disclosure than a meaningful stake change. It signals promoter confidence but is unlikely to have any material impact on the stock price or shareholder value.