Neo Infracon Limited has accepted the resignation of Sonalben Kanabar from her role as Company Secretary and Compliance Officer. The departure is effective from the close of business hours on October 31, 2026.

Kanabar conveyed her decision to resign due to personal reasons. To ensure a smooth transition, she will continue to discharge her duties until the specified cessation date. The company confirmed this development in a filing to the BSE under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Transition timeline and regulatory compliance

The resignation letter, dated October 1, 2026, requested the Board to accept the resignation with effect from November 1, 2026. However, the company's official notification clarifies that she will remain in the position until October 31, 2026. This period allows for the handover of responsibilities before her final exit.

The filing includes detailed disclosures as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The Managing Director, Ankush Mehta, signed the communication on behalf of the company.

Key details of the change

The resignation letter cited "pre-occupation" as the reason for stepping down from the post. No other specific operational or financial impacts were disclosed in the filing.

Neo Infracon promoter group member Bhavik N. Mehta acquired 7,787 equity shares of the company in the open market on September 30, 2026. The transaction increased his stake in the infrastructure firm by 0.15% of total voting capital.

This acquisition follows a purchase of 3,450 shares made just one day earlier on September 29, 2026. Prior to the latest purchase, Mehta held 3,69,018 shares, representing 6.95% of the company's total voting capital. Following the acquisition, his total holding rose to 3,76,805 shares, equivalent to 7.10% of the voting capital.

Transaction details

The shares were purchased through open market transactions. The total equity share capital of Neo Infracon remained unchanged at 53,06,800 equity shares before and after the transaction. No encumbrances, warrants, or convertible securities were involved in this specific disclosure.

Regulatory compliance

Mehta filed the necessary disclosures with BSE Limited on October 1, 2026. The filing confirms that the acquirer belongs to the Promoter Group and that the shares carry voting rights. There were no changes in the company's total diluted share capital as a result of this secondary market transaction.

What the numbers show

The promoter group has increased its holding by 0.22% over two consecutive trading days (September 29 and 30, 2026). The latest purchase of 7,787 shares is more than double the size of the previous day's acquisition of 3,450 shares, indicating an accelerating accumulation pattern in the open market.