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.
Bhavik N. Mehta, part of the promoter group of Neo Infracon Ltd, has informed BSE about acquiring 2,600 equity shares (0.04% of total share capital) through the open market on 1st September 2025. Before the purchase, he held 3,03,059 shares (5.71%), and post-purchase his holding rose to 3,05,659 shares (5.75%). The total equity share capital of the company remains at 53,06,800 shares. The acquisition is disclosed under the SEBI Takeover Regulations framework.
This is a small, confidence-signal buy by a promoter group member in the open market, nudging his personal stake from 5.71% to 5.75%. For retail investors, it is a mildly positive signal of insider confidence but the size is too small to materially affect shareholding structure or stock price.