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 Ltd, has made a small open-market purchase of 146 equity shares (0.02% of the company's share capital) on 29th May 2026. His total holding in the company increased marginally from 3,24,454 shares (6.11%) to 3,24,600 shares (6.11%) of the total equity share capital of 53,06,800 shares. The acquisition was made through the open market route. The disclosure was filed on 30th May 2026 in compliance with SEBI takeover regulations. The shares are listed on BSE, and the promoter now continues to hold a 6.11% stake with no encumbrances on the shares.
This is a very small, token-sized acquisition by a promoter group member and is unlikely to have any meaningful impact on the stock price or shareholder value. It signals continued promoter confidence but the negligible size of the purchase makes it a non-event from a market perspective.