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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Mr. Bhavik N. Mehta, part of the promoter group of Neo Infracon Limited, has disclosed the acquisition of 1,500 equity shares of the company via open market on 23rd August 2025. This represents 0.02% of the company's total share capital of 53,06,800 equity shares. Following this purchase, his individual holding has increased from 2,92,157 shares (5.50%) to 2,93,657 shares (5.53%). The disclosure has been filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, as required for promoter group members who hold 5% or more of the company's shares.
This is a minor open-market purchase by a promoter group member and is largely symbolic, signalling promoter confidence. The negligible size (0.02%) means it is unlikely to have any meaningful effect on the share price or overall promoter shareholding pattern.