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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Bhavik N. Mehta, part of the promoter group of Neo Infracon Ltd, purchased 117 equity shares (0.002% of total capital) through the open market on 4th June 2026. His holding increased marginally from 3,27,649 shares (6.17%) to 3,27,766 shares (6.17%) of the company. The transaction was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The total equity share capital of the company stands at 53,06,800 shares. No encumbrance or pledge changes were reported.
This is a negligible acquisition (just 117 shares) with no meaningful change in promoter's stake, which remains at 6.17%. No material impact on stock price or shareholder value is expected from this disclosure.