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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Bhavik N Mehta, a member of the promoter group of Neo Infracon Ltd, acquired 1,500 equity shares (0.02% of paid-up capital) via open market on 12 March 2026. His voting shareholding in the company rose marginally from 3,20,991 shares (6.04%) to 3,22,491 shares (6.07%). The company has a total equity base of 53,06,800 shares. The acquisition was disclosed under Regulation 29(2) of the SEBI Takeover Regulations, with no encumbrance or pledge activity involved.
The acquisition is negligible in size and unlikely to materially affect the stock price or shareholder dynamics. It signals continued minor promoter group confidence but is too small to be strategically significant.