The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhavik N Mehta

Promoter bought stakePromoter holding below 50%Ownership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-8.8%Reaction day

₹42.65

prior close

₹41.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.4%-11.2% vs market

Residential, Commercial Projects peers, median of 52sector+1.3%-10.1% vs sector

On the reaction day the stock moved 11.2 pts less than Nifty Microcap 250 and 10.1 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.8+2.4-11.2+1.3-10.1

Next day

-5.1+2.3-7.3+1.2-6.3

-5.0+2.0-7.0+0.4-5.5

+0.8-1.0+1.8-0.5+1.3

-0.1-1.6+1.5-0.4+0.3

+2.7-0.6+3.3-1.4+4.1

+1.4-0.8+2.2-2.9+4.4

15d

-0.6-0.1-0.5-3.4+2.8

+9.5+7.7+1.8+5.2+4.3

+2.5+18.8-16.3+7.5-5.1

+2.8+18.1-15.2+6.0-3.2

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 52Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, filed a Regulation 29(2) disclosure with BSE reporting a small open-market purchase of 721 equity shares on 9th March 2026. This raised his holding marginally from 3,18,893 shares (5.98%) to 3,19,641 shares (6.02%) of the company. The total equity share capital of the company stands at 53,06,800 shares. No encumbrance or pledge activity is involved — this is a straightforward secondary-market purchase by a promoter-group individual.

Likely market impact

The purchase is token in size (just 721 shares, or 0.01% of capital) and is unlikely to move the stock price. It does signal continued promoter-group interest in the company, though the overall promoter holding remains low at 6.02%, meaning there is no meaningful change in control or ownership concentration.