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, 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.
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.