NINtec Systems accepts VP Chainsingh Rathod's resignation

1 min read     Updated on 02 Aug 2026, 08:34 PM
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AI Summary

Chainsingh Rathod resigns as VP of Talent Acquisition & Operations at NINtec Systems effective July 31, 2026. The departure is due to prior commitments, disclosed under SEBI Regulation 30.

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NINtec Systems has accepted the resignation of Chainsingh Rathod, its Vice President for Talent Acquisition and Operations. The change in senior management personnel takes effect at the closure of business hours on July 31, 2026. Rathod cited prior other commitments as the reason for his departure, marking a leadership transition within the company’s human resources and operational oversight functions.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing with the stock exchanges.

Rathod submitted his resignation letter to the Board of Directors on July 31, 2026. In the letter, he stated that he was leaving due to an alternate career opportunity. He confirmed that his last working day would be July 31, 2026, at close of business hours. He expressed gratitude for the opportunities and support received during his tenure and acknowledged his contribution to the company’s growth initiatives.

The formal disclosure was signed by Disha Shah, Company Secretary and Compliance Officer of NINtec Systems Limited, bearing membership number F13084. The communication was addressed to the Listing Departments of both BSE Limited and The National Stock Exchange of India Limited on July 31, 2026.

Resignation Details

Particulars Details
Reason for Change Resignation due to prior other commitments
Effective Date Closure of business hours, July 31, 2026
Position Held VP – Talent Acquisition & Operations
Regulatory Reference Regulation 30, SEBI LODR Regulations, 2015

The company has enclosed a copy of the resignation letter as Annexure II to the regulatory filing. No further details regarding a successor were provided in the immediate disclosure.

Historical Stock Returns for NINtec Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%-10.02%-5.18%+129.59%+82.01%+178.08%

Will NINtec Systems appoint an internal successor or hire externally to fill the VP role for Talent Acquisition and Operations?

How might this leadership transition impact the company's ongoing recruitment pipelines and operational efficiency in the short term?

Does the departure of a senior executive citing 'alternate career opportunities' signal potential broader organizational restructuring at NINtec Systems?

Niraj Gemawat raises NINtec Systems stake to 18.44%

1 min read     Updated on 02 Jul 2026, 05:15 AM
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Shriram SScanX News Team
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Niraj Chhaganraj Gemawat, Promoter and Managing Director of NINtec Systems Limited, acquired 6,500 equity shares through open market transactions on June 29 and June 30, 2026, increasing his total shareholding to 18.44%. The transactions, valued at ₹53,19,726.35, were executed on NSE and BSE and disclosed in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

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Promoter and Managing Director Niraj Chhaganraj Gemawat increased his shareholding in NINtec Systems Limited by acquiring 6,500 equity shares through open market transactions on June 29 and June 30, 2026. This purchase raised his total voting rights in the company to 18.44%, up from 18.40% prior to the transaction. The acquisition was disclosed to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The acquirer is classified as belonging to the Promoter and Promoter group category. Persons Acting in Concert (PAC) with the acquirer include Rachana Gemawat, Chhaganraj Gemawat, Sumanlata Gemawat, Indrajeet Mitra, Ketki Mitra, and VIN IT Solutions LLP.

Transaction Details

The transactions were executed on the National Stock Exchange of India Limited (NSE) and BSE Limited. The total value of the acquisition across four trades was ₹53,19,726.35.

Date of Acquisition Number of Shares Value of Transaction (₹) Exchange
29-06-2026 2700 2,182,282.25 NSE
29-06-2026 300 242,700.00 NSE
30-06-2026 500 411,910.00 BSE
30-06-2026 3000 2,482,834.10 NSE

Shareholding Summary

The following table outlines the changes in the acquirer's holding before and after the transaction:

Description Number of Shares % of Total Share Capital
Holding Before Acquisition
Shares carrying voting rights 3418866 18.40
Details of Acquisition
Shares acquired 6500 0.04
Holding After Acquisition
Shares carrying voting rights 3425366 18.44

The total equity share capital and total voting capital of NINtec Systems Limited remained unchanged at 1,85,76,000 equity shares of ₹10 each before and after the acquisition.

Historical Stock Returns for NINtec Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%-10.02%-5.18%+129.59%+82.01%+178.08%

Does this increase in shareholding signal a potential change in NINtec Systems' strategic direction?

Will other promoters or Persons Acting in Concert follow suit with additional share purchases?

How might the market interpret this insider buying regarding the company's future performance?

More News on NINtec Systems

1 Year Returns:+82.01%