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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Bhavik N. Mehta, part of the promoter group of Neo Infracon Ltd, has disclosed the acquisition of 2,657 equity shares (0.05%) through open market on 29th August 2025. Before the purchase, he held 3,00,402 shares (5.66% of the company's share capital of 53,06,800 shares). After the acquisition, his holding has increased to 3,03,059 shares, representing 5.71% of the total equity share capital. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and the shares carry normal voting rights with no encumbrance.
This is a small open-market purchase by a promoter group member, indicating continued confidence from insiders, but the 0.05% increase is too small to materially affect shareholding pattern or stock price. No significant impact on retail investors is expected.