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 6.0 pts more than Nifty Microcap 250 and 5.7 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, has disclosed the acquisition of 300 equity shares (0.006% of total share capital) through the open market on 9th June 2026. Before the acquisition, the acquirer held 3,28,647 shares (6.19%); after the acquisition, the holding rose marginally to 3,28,947 shares (6.19%). The total equity share capital of the company remains 53,06,800 shares. No encumbrances, warrants, or convertible securities were involved in this transaction.
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 or shareholding structure. It signals continued minor promoter confidence but the negligible size means no significant change in control dynamics.