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 0.4 pts less than Nifty Microcap 250 and 0.4 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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Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, acquired 1,950 equity shares (0.03% of total share capital) through open market on 28th August 2025. His holding increased from 2,98,452 shares (5.62%) to 3,00,402 shares (5.66%) of the company. The total equity share capital of Neo Infracon stands at 53,06,800 shares. No encumbrance or pledge details are involved in this transaction. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, likely triggered by crossing a reporting threshold.
This is a very small acquisition by a single promoter group member and is unlikely to have any material impact on the stock price or shareholding pattern. It signals mild promoter confidence, but the negligible size (0.03%) means no meaningful change in control dynamics.