Neo Infracon promoter group member Bhavik N. Mehta acquired 3,450 equity shares of the company in the open market on September 29, 2026. The transaction increased his stake in the infrastructure firm by 0.07% of total voting capital.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this purchase, Mehta held 3,65,568 shares, representing 6.88% of the company's total voting capital. Following the acquisition, his total holding rose to 3,69,018 shares, equivalent to 6.95% 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 September 30, 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.

Neo Infracon Limited will close its trading window for dealing in company securities starting October 1, 2026. The restriction applies to designated persons and their immediate relatives until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

Regulatory Compliance Details

The closure is pursuant to Clause 4 of Schedule B of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. The company informed the BSE that the window remains closed until the specified period post-result declaration. This measure ensures compliance with the Company's Code of Conduct for Prevention of Insider Trading.

Upcoming Board Meeting

The date for the Board of Directors meeting to consider and approve the Unaudited Financial Results for Q2FY27 will be intimated to the stock exchange in due course. The filing was submitted by CS Sonalben Kanabar, Company Secretary and Compliance Officer.