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, a member of the promoter group of Neo Infracon Ltd, has disclosed an open-market purchase of 6,992 equity shares (0.13% of the company's share capital) on 20 August 2025 under SEBI's SAST Regulation 29(2). After this acquisition, his individual holding in the company rises from 2,80,092 shares (5.27%) to 2,87,084 shares (5.41%). The total equity share capital of the company stands at 53,06,800 shares. The disclosure was filed by Mehta himself directly with BSE.
This is a small open-market purchase by a promoter group member, signaling insider confidence in the company. However, the increase is marginal (0.13%) and is unlikely to move the stock price meaningfully on its own.