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.

Shareholding Summary

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

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.

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