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 3.1 pts less than Nifty Microcap 250 and 0.5 pts less 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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Mr. Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, has filed a disclosure under Regulation 29(2) of the SEBI Takeover Regulations for acquiring 109 equity shares in the open market on 17th March 2026. The acquisition represents just 0.002% of the company's total share capital of 53,06,800 equity shares. His total holding increased marginally from 3,22,845 shares (6.08%) to 3,22,954 shares (6.08%). This is a routine, very small open-market purchase with no change in his effective percentage stake in the company.
Negligible impact for shareholders — the acquisition is symbolic in size and does not alter the promoter's effective stake or the company's ownership structure. Investors are unlikely to see any meaningful price movement from this disclosure.