Neo Infracon Promoter Group Member Bhavik N. Mehta Increases Shareholding to 6.00%
Neo Infracon Limited received a regulatory disclosure from promoter group member Bhavik N. Mehta regarding his acquisition of 1,499 equity shares through open market transactions on March 6, 2026. This purchase increased his shareholding from 5.98% to 6.00%, representing 0.02% of the company's total share capital of 53,06,800 shares.
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Neo Infracon Limited has received a regulatory disclosure from promoter group member Bhavik N. Mehta regarding his recent share acquisition. The disclosure, filed on March 7, 2026, with BSE Limited, provides details of share purchases made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The acquisition involved a purchase of equity shares through open market transactions. Mehta acquired 1,499 shares carrying voting rights on March 6, 2026, representing 0.02% of the company's total share capital.
| Transaction Parameter: | Details |
|---|---|
| Shares Acquired: | 1,499 |
| Acquisition Date: | March 6, 2026 |
| Mode of Acquisition: | Open Market |
| Percentage of Total Capital: | 0.02% |
Shareholding Pattern Changes
The transaction resulted in an increase in Mehta's overall stake in the company. His shareholding pattern before and after the acquisition shows the following changes:
| Shareholding Details: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares: | 3,17,394 | 3,18,893 | +1,499 |
| Percentage Holding: | 5.98% | 6.00% | +0.02% |
| Voting Rights: | 5.98% | 6.00% | +0.02% |
Company Capital Structure
Neo Infracon Limited's equity share capital remained unchanged following this transaction. The company maintains a total equity share capital of 53,06,800 shares, with no dilution occurring as a result of this promoter group acquisition.
Regulatory Compliance
The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mehta, identified as a promoter group member, filed the necessary documentation with BSE Limited's Department of Corporate Services from his registered address at Akashdeep Building, Mumbai. The company's shares are listed on BSE Limited, and the acquisition did not involve any encumbrances, warrants, or convertible securities.
Historical Stock Returns for Neo Infracon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.50% | +0.96% | +6.73% | -12.57% | +79.92% | +180.13% |
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