NINtec Systems Re-appoints Niraj Gemawat as Managing Director, Constitutes CSR Committee
NINtec Systems Ltd announced significant corporate governance updates following its Board of Directors meeting held on June 26, 2026. The board approved the re-appointment of Mr. Niraj Chhaganraj Gemawat as the company's Managing Director and established a Corporate Social Responsibility (CSR) Committee.The Board determined the re-appointment of Mr. Niraj Chhaganraj Gemawat for a term of five years, effective June 29, 2026, until June 28, 2031. The appointment was based on the recommendations of the Nomination and Remuneration Committee. This decision is subject to approval by the shareholders at the forthcoming Annual General Meeting.
Mr. Gemawat, who has been associated with NINtec Systems since 2015, holds extensive experience in business development and financial management functions, totaling over three decades. His responsibilities cover overall management, finance, and internal control systems of the company. Mr. Gemawat holds a Bachelor in Engineering (B.E.) from Gujarat University and completed his Post graduation in Management (MBA) from Symbiosis Centre of Management and Human Resource, Pune.
The details pertaining to the re-appointment are summarized below:
| Particulars | Details |
|---|---|
| Name of Director | Mr. Niraj Gemawat - Managing Director |
| Reason for change | Re-appointment of Managing Director |
| Date and Term of Appointment | Approved on June 26, 2026, commencing June 29, 2026 to June 28, 2031 (5 Years) |
| Profile Highlights | Over 30 years in business development and finance management; responsible for overall management and internal control systems. |
| Director Relationship | Spouse of Mrs. Rachana Gemawat, a Director of the Company. |
Corporate Social Responsibility Committee Formed
Effective June 27, 2026, the company established a Corporate Social Responsibility (SRC) Committee. The committee consists of three directors whose roles and designations are as follows:| Name of Director | Category | Designation |
|---|---|---|
| Mr. Rahul Guhathakurta | Non-Executive Independent Director | Chairperson |
| Mr. Indrajeet Mitra | Member | Non-Executive Non-Independent Director |
| Mrs. Rachana Gemawat | Member | Non-Executive Non-Independent Director |
NINSYS Stock Price Movement
On Thursday, shares of Nintec Systems Limited rallied to close at ₹785, gaining 1.55% as trading concluded for the session. The equity saw activity on a total traded volume of 6,765 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.