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 the acquisition of 4,795 equity shares (0.09% of the total share capital) through open market purchases on 26 August 2025. Before the acquisition, he held 2,93,657 shares representing 5.53% of the company's equity share capital. After the acquisition, his holding stands at 2,98,452 shares or 5.62%. The company's total equity share capital is 53,06,800 shares. The transaction was carried out on BSE, where the company's shares are listed.
This is a small open-market purchase by a promoter group member, signaling modest insider confidence. The change in shareholding is minimal (just 0.09%) and is unlikely to have a material impact on the stock price or overall ownership structure.