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 Limited, has purchased 2,229 equity shares (0.04% of paid-up capital) in the open market on 1st June 2026. His stake in the company has risen marginally from 3,24,600 shares (6.11%) to 3,26,829 shares (6.15%). The total equity share capital of the company remains unchanged at 53,06,800 shares. The acquisition was disclosed to BSE under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small open-market purchase by a promoter group member, slightly increasing his personal holding. While the increase is minimal (just 0.04%), it signals continued promoter confidence in the company. The size of the purchase is too small to materially impact the stock price.