Niraj Gemawat increases stake in NINtec Systems to 18.32%

Promoter and Managing Director Niraj Chhaganraj Gemawat increased his shareholding in NINtec Systems Limited by acquiring 4,000 equity shares through open market transactions on June 19, 2026. This purchase raised his total voting rights in the company to 18.32%, up from 18.30% prior to the transaction. The acquisition was disclosed to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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). The total value of the acquisition across multiple trades was ₹2,851,167.50.

Date of Acquisition	Number of Shares	Value of Transaction (₹)
19-06-2026	1000	700,662.15
19-06-2026	1000	710,907.00
19-06-2026	500	359,598.35
19-06-2026	200	144,000.00
19-06-2026	1000	720,000.00
19-06-2026	300	216,000.00

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	3399366	18.30
Details of Acquisition
Shares acquired	4000	0.02
Holding After Acquisition
Shares carrying voting rights	3403366	18.32

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.49%	+9.15%	+25.12%	+84.90%	+69.71%	+167.61%

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

Parameter	Details
Client	A Finnish-based AI Company
Nature of Contract	Strategic Technology Partner – supporting AI platform, integrations and overall technology operations
Contract Value	EUR 1.10 million (~Rs. 12.10 Cr)
Time Period	Perpetual
Geography	International

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.