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, bought 819 shares through the open market on June 3, 2026. This small purchase nudged his individual holding from 6.15% to 6.17% of the company's total equity share capital (53,06,800 shares). The disclosure was filed under SEBI's substantial acquisition and takeover regulations, which require promoter group members to report changes in their shareholding. No encumbrances (pledges or liens) were created or invoked as part of this transaction.
The acquisition is too small to affect ownership or control of the company; it signals minor promoter confidence but carries no material implication for shareholders or the stock price.