Neo Infracon Ltd. Promoter Acquires Shares
Neo Infracon Limited announced that Bhavik N. Mehta, a promoter of the company, acquired shares on March 16, 2026. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.According to the filing, Mr. Mehta’s holdings increased by the acquisition of 84 shares. Prior to the acquisition, Mr. Mehta held 3,22,768 shares, representing 6.08% of the company’s total share/voting capital. Following the acquisition, his holding stands at 3,22,845 shares.
The details of the acquisition are summarized below:
| Detail | Value |
|---|---|
| Name of Target Company | NEO INFRACON LIMITED |
| Name of Acquirer | Mr. Bhavik N. Mehta |
| Acquirer Status | Promoter Group |
| Shares carrying voting rights acquired | 84 |
| % w.r.t. total share/voting capital (acquired) | 0.002% |
| Total holding after acquisition (shares carrying voting rights) | 3,22,845 |
| % w.r.t. total share/voting capital (post acquisition) | 6.08% |
| Equity share capital of the TC before the acquisition | 53,06,800 equity share |
| Equity share capital of the TC after the acquisition | 53,06,800 equity share |
The acquisition was made through open market transactions.
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