NINtec Systems has re-appointed Mr. Niraj Chhaganraj Gemawat as Managing Director for a period of five years, effective from June 29, 2026, to June 28, 2031. The decision was taken by the Board of Directors at its meeting held on June 26, 2026, based on the recommendations of the Nomination and Remuneration Committee. This re-appointment is subject to the approval of the shareholders at the ensuing Annual General Meeting.

Mr. Niraj Gemawat has been associated with the company since 2015 and is responsible for overall management, finance, and internal control systems. He holds a Post Graduation in Management (MBA) from Symbiosis Centre of Management and Human Resource, Pune, and a Bachelor in Engineering (B.E.) from Gujarat University. With over 30 years of experience in business development and finance management, he is not debarred from holding the office of director by any SEBI order or other authority.

The Board also disclosed that Mr. Niraj Gemawat is related to Mrs. Rachana Gemawat, a Director of the company, as her spouse. He is not related to any other director on the Board.

In a separate development, the company constituted its Corporate Social Responsibility Committee (SRC) effective from June 27, 2026. The committee comprises Mr. Rahul Guhathakurta as Chairperson and Non-Executive Independent Director, and Mr. Indrajeet Mitra and Mrs. Rachana Gemawat as members, both designated as Non-Executive Non-Independent Directors.

Corporate Social Responsibility Committee Composition

NINtec Systems Limited has secured a EUR 1.10 million contract through its wholly-owned subsidiary, NINtec Systems B.V., to act as a strategic technology partner for a Finland-based AI company. The engagement, valued at approximately EUR 1.10 million (~Rs. 12.10 Cr), involves supporting the client's AI platform, integrations, and overall technology operations. This contract reinforces the company's positioning in the AI sector and contributes to its consolidated order book.

The contract was executed with a Finnish-based entity by NINtec Systems B.V., Netherlands. The agreement is perpetual in nature and falls outside the scope of related party transactions, with no interest declared by the promoter or promoter group. The client is a fast-growing platform building autonomous chatbots and AI agents for enterprises across sectors such as automotive, education, public sector, and professional services.

Key Details of the Engagement

The company stated that this mandate is one of several AI-led engagements being closed as it executes its AI-first strategy. Management highlighted a healthy pipeline of similar opportunities at advanced stages across geographies. The client's product suite includes AI Chatbots, AI Agents, embedded conversion engines, and conversation-analytics engines, integrating with CRM, ERP, and backend systems.

Strategic Significance

This engagement underscores NINtec's role as a technology partner for AI-driven businesses. The company noted that its engineering depth across AI, Generative AI, and intelligent automation is increasingly relevant as enterprises build AI platforms. The addition of this contract aims to build long-term, durable revenue and enhance the company's track record as a technology backbone for AI-native businesses.