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 Limited, has disclosed the acquisition of 1,377 equity shares (0.02% of the total share capital) in the open market on 11th March 2026. His holding has increased from 3,19,614 shares (6.02%) to 3,20,991 shares (6.04%) of the company. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The total equity share capital of the company stands at 53,06,800 shares.
This is a very small open-market purchase by a promoter group member and is unlikely to have any material impact on the stock price. It may be seen as a minor positive signal of insider confidence, but the 0.02% increase in holding is not significant enough to alter control or ownership dynamics.