News Orders & Deals Neo Infracon Promoter Bhavik Mehta Increases Stake to 6.07% Through Market PurchaseNeo Infracon Promoter Bhavik Mehta Increases Stake to 6.07% Through Market Purchase
Neo Infracon Limited received a regulatory disclosure from promoter group member Bhavik N. Mehta regarding his acquisition of 1,500 equity shares through open market purchase on March 12, 2026. The transaction increased his shareholding from 6.04% to 6.07% of the company's total share capital of 53,06,800 shares, with the disclosure filed under SEBI SAST Regulations on March 13, 2026.
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Neo Infracon Limited has received a regulatory disclosure from promoter group member Bhavik N. Mehta regarding his recent share acquisition in the company. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details an increase in his shareholding through open market purchase.
Transaction Details
The acquisition involved 1,500 equity shares purchased through open market transactions on March 12, 2026. This represents 0.02% of the company's total share capital.
| Transaction Parameter: | Details |
|---|---|
| Shares Acquired: | 1,500 |
| Acquisition Method: | Open Market |
| Transaction Date: | March 12, 2026 |
| Percentage of Total Capital: | 0.02% |
Shareholding Changes
Following the transaction, Bhavik N. Mehta's total shareholding in Neo Infracon Limited has increased from 6.04% to 6.07%.
| Shareholding Details: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares: | 3,20,991 | 3,22,491 | +1,500 |
| Percentage Holding: | 6.04% | 6.07% | +0.03% |
| Voting Rights: | 6.04% | 6.07% | +0.03% |
Company Information
Neo Infracon Limited's shares are listed on BSE Limited, with the company maintaining a total equity share capital of 53,06,800 shares. The promoter group member confirmed that no shares are currently encumbered through pledges, liens, or non-disposal undertakings.
Regulatory Compliance
The disclosure was submitted to BSE Limited on March 13, 2026, in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Bhavik N. Mehta, based in Mumbai at Akashdeep Building, filed the necessary documentation as required under the regulatory framework for promoter group transactions.
Historical Stock Returns for Neo Infracon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -1.15% | +14.06% | +2.80% | +82.39% | +181.90% |
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