Neo Infracon Limited has received a regulatory disclosure from promoter group member Darshik D. Mehta regarding his recent acquisition of additional shares in the company. The disclosure, filed with BSE Limited on March 31, 2026, provides details of the share purchase transaction completed under SEBI regulations.

Transaction Details

The acquisition involved 7,500 equity shares of Neo Infracon Limited, representing 0.05% of the company's total share capital. The shares were purchased through open market transactions on March 30, 2026.

Shareholding Position

Prior to this acquisition, Mehta held 3,69,550 shares in Neo Infracon Limited, representing 6.96% of the company's total voting capital. Following the purchase of additional shares, his total shareholding has increased to 3,77,050 shares, constituting 7.11% of the total voting capital.

Company Information

Neo Infracon Limited's equity share capital remains unchanged at 53,06,800 equity shares before and after this transaction. The company's shares are listed on BSE Limited, where this regulatory disclosure has been filed.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mehta, identified as a member of the promoter group, submitted the required documentation to BSE Limited's Department of Corporate Services on March 31, 2026. The disclosure confirms that no encumbrances, voting rights other than equity shares, or convertible securities are involved in this transaction.

Neo Infracon Limited has announced significant changes to its board composition following a meeting held on March 27, 2026. The company accepted resignations from two independent directors while simultaneously appointing two new directors to strengthen its governance structure, as disclosed under Regulation 30 of SEBI LODR Regulations.

Director Resignations

The board accepted resignations from two Non-Executive Independent Directors effective from close of business hours on March 27, 2026:

Both directors confirmed in their resignation letters that there are no other material reasons for their resignations beyond personal reasons and pre-occupations as stated in their formal resignation communications.

New Director Appointments

The board appointed two new directors as Additional Directors with immediate effect from March 27, 2026:

Both new directors have been confirmed as not being debarred from holding director positions by any SEBI order or other authority, in compliance with regulatory requirements.

Committee Reconstitution

Following the director changes, the board reconstituted various committees effective March 27, 2026:

Audit Committee:

• Mr. Nitesh Milapchand Jain (Chairman) - DIN: 08077578
• Ms. Honey Deepak Jain (Member) - DIN: 11631227
• Mr. Ankush Nareshkumar Mehta (Member) - DIN: 06387976

Nomination & Remuneration Committee:

• Mr. Nitesh Milapchand Jain (Chairman) - DIN: 08077578
• Mr. Rahul Ramesh Kanungo (Member) - DIN: 08117162
• Ms. Honey Deepak Jain (Member) - DIN: 11631227

Stakeholders Relationship Committee:

• Mr. Bhavik Mehta (Chairman) - DIN: 07633644
• Mr. Rahul Ramesh Kanungo (Member) - DIN: 08117162
• Ms. Honey Deepak Jain (Member) - DIN: 11631227

Ms. Honey Deepak Jain has been appointed as a member of all three committees, while Mr. Darshik Dilipkumar Mehta has not been assigned to any committee initially.

Regulatory Compliance

The board meeting commenced at 4:00 p.m. and concluded at 4:30 p.m. on March 27, 2026. All decisions were made in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has filed the necessary disclosures under Regulation 30 of SEBI LODR Regulations with BSE Limited (Scrip Code: 514332). Company Secretary Sonalben Ghanshiyambhai Kanabar signed the regulatory filing as the Compliance Officer.