Darshik D. Mehta, a member of the promoter group of Neo Infracon Limited, has submitted a disclosure regarding the acquisition of shares in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI Takeover Regulations"). The disclosure has been filed with BSE Limited and a copy has also been forwarded to Neo Infracon Limited.

Details of the Disclosure

As per the letter dated March 20, 2025, addressed to BSE Limited, Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001, Darshik D. Mehta has provided the necessary information regarding the acquisition of shares. The disclosure is in compliance with the regulatory requirements stipulated under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Compliance with SEBI Takeover Regulations

The disclosure was submitted in compliance with Regulation 29(2) of the SEBI Takeover Regulations, which mandates promoters, acquirers, and other entities to notify the stock exchanges upon acquiring a specified percentage of shares or voting rights in a listed company.

Purpose of Disclosure

The disclosure ensures transparency and compliance with regulatory guidelines, enabling stakeholders and investors to stay informed about any significant acquisition of shares in the company. By fulfilling this requirement, the promoter group reaffirms its commitment to maintaining transparency and adhering to SEBI regulations.

Acknowledgment and Filing Details

The disclosure document was submitted to BSE Limited for acknowledgment and processing. A copy of the disclosure was also forwarded to the registered office of Neo Infracon Limited, located at:
52/52-A, Nanubhai Desai Road, 9, Mulji Thakarsi Building, Sindhi Lane, Mumbai-400004.

Regulatory Compliance and Reporting

This disclosure is part of the mandatory reporting required under Regulation 29(2) of SEBI Takeover Regulations, which aims to ensure that any substantial acquisition of shares or voting rights by promoters or acquirers is promptly disclosed to the stock exchanges.

The timely submission of this disclosure reflects the promoter group's commitment to maintaining compliance with regulatory norms and protecting the interests of shareholders.

Future Reporting Obligations

As per the SEBI Takeover Regulations, any future changes in the promoter's shareholding or voting rights beyond the prescribed threshold will also be disclosed in a timely manner to the stock exchanges. This ensures continued transparency and alignment with regulatory guidelines.

Impact of the Disclosure on Neo Infracon

The acquisition of shares by Darshik D. Mehta may result in changes in the promoter group’s stake in Neo Infracon Limited. However, the exact quantum of shares acquired and its impact on the overall shareholding structure will be detailed in the official filing submitted to BSE Limited.

Commitment to Corporate Governance

By complying with Regulation 29(2), the promoter group has reiterated its commitment to corporate governance and regulatory compliance. This disclosure helps maintain transparency in the company’s shareholding structure and keeps the market well-informed of any substantial changes.

Conclusion: Ensuring Transparency and Compliance

The disclosure by Darshik D. Mehta regarding the acquisition of shares in Neo Infracon Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 highlights the promoter group’s adherence to regulatory norms. By promptly filing the disclosure with BSE Limited and forwarding a copy to Neo Infracon Limited, the promoter group has ensured compliance with the applicable provisions and upheld its commitment to corporate governance and investor transparency.

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