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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On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 5.0 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Bhavik N. Mehta, a member of the Promoter Group of Neo Infracon Limited, has acquired 3,894 equity shares (0.07% of the paid-up capital) through the open market on 2nd September 2025. Before this acquisition, he held 3,05,659 shares (5.75%); after the acquisition, his holding stands at 3,09,553 shares (5.83%). The total equity share capital of the company is 53,06,800 shares. The disclosure was filed with BSE on 3rd September 2025 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a small, incremental purchase by a promoter group member, signalling mild insider confidence in the company. The size of the acquisition is too small to materially impact the stock price or change the promoter group's overall grip on the company, which remains low at under 6%.