Neo Infracon514332New investment
Board approves ₹54,000/- investment in Rubberwala & Neo Venture, company to hold 54% partner share
Neo Infracon's board approved an investment of ₹54,000/- in the partnership firm M/s. Rubberwala & Neo Venture, holding 54% share and becoming a partner in the firm with fixed capital for real estate business.
By ScoutQuest · · 2 min read
54%Company's shareholding in the partnership firm
- Investment Amount
- ₹54,000/-
- Stake / Profit Sharing Ratio
- 54% share; Profit and Loss Sharing Ratio stated as 54%
- Promoter Partner Interest
- Promoters hold 70% aggregate partner interest
What the board decided
- Approved an investment in the partnership firm M/s. Rubberwala & Neo Venture amounting to ₹54,000/-.
- The company will hold 54% share and become a partner in the firm with fixed capital for real estate business.
- Consideration is cash; approval for the capital contribution was received on 23-October-2026.
- The decision was recommended by the Audit Committee and approved by the board at its meeting held on 23-October-2026.
About the firm being invested in
- M/s. Rubberwala & Neo Venture is a registered partnership firm, started in 2008 with a property at Tardeo, Mumbai, which will be reconstructed and redeveloped.
- It is described as a special purpose vehicle for the redevelopment of the Tardeo project, and no turnover till date is recorded.
- Industry: construction and real estate activities.
- Profit and Loss Sharing Ratio stated as 54%.
Related party angle
- Mr. Naresh Kumar Keshimal Mehta (Promoter) and Mr. Dilipkumar Keshimal Mehta (CFO-Promoter) hold an aggregate 70% partner interest in the firm.
- Because of this, the proposed investment is a Related Party Transaction under Section 188 of the Companies Act, 2013.
- The update states the transaction and capital infusion are on an arm's-length basis and in the ordinary course of business, and that the terms are fair, reasonable and not prejudicial to the interests of the company or its minority shareholders.
Who will execute it
- The board authorised Mr. Bhavik Nareshkumar Mehta, Director of the company, to execute and sign necessary documents, declarations, applications and other papers in connection with the investment, and to undertake all necessary acts to give effect to the decision.
How to read this
- This is a capital contribution into a partnership firm, not an acquisition of shares in a company; the return depends on the firm's redevelopment project at Tardeo.
- Because the promoters have a 70% partner interest in the same firm, the transaction is a related party matter, and the update records the arm's-length justification and the profit-sharing ratio of 54%.
- The monetary outgo stated in the update is ₹54,000/-, with cash as the form of consideration.
Also from Neo Infracon
Neo Infracon to contribute ₹54,000 to Rubberwala & Neo Venture for 54% partner share
23 Oct 2026
Board meeting on 23 October 2026 to consider and approve a proposed investment under Section 186
16 Oct 2026
Neo Infracon Ltd promoter buys 0.15% stake, holding rises to 7.10%
1 Oct 2026
More numbers
- Investment in partnership firm M/s. Rubberwala & Neo Venture₹54,000/-
- Company's shareholding in the partnership firm54%
- Promoters' aggregate partner interest in the firm70%
- Profit and Loss Sharing Ratio54%
Source: BSE · 23 Oct 2026
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