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 8.8 pts more than Nifty Microcap 250 and 8.2 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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Mr. Bhavik N. Mehta, a member of the promoter group of Neo Infracon Ltd, has disclosed the purchase of 3,547 equity shares (0.06% of the company's paid-up capital) under SEBI SAST Regulation 29(2). The shares were bought through the open market on 22nd August 2025. After this acquisition, his holding in the company has increased from 2,88,610 shares (5.43%) to 2,92,157 shares (5.50%). The total equity share capital of the company stands at 53,06,800 shares. This is a routine regulatory filing triggered by the acquisition crossing a reporting threshold.
The acquisition is very small in size (0.06% change) and signals continued promoter group confidence in the company, but is unlikely to have any meaningful impact on stock price or shareholder value given the tiny size of the transaction.