NINtec Systems logo

NINtec Systems MD, chairman, board of directors and AGM

NSE: NINSYSBSE: 539843IT - SoftwareSmall Cap

Last close ₹876.10down ₹27.45 (3.04%)BSE ₹879.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹903.55.

52-week range of traded prices to 23 Oct 2026
₹281.05Low, 16 Mar 2026₹935.00High, 8 Jul 2026
Market cap
₹1,627 Cr1,553rd largest listed
P/E
48.5
P/B
17.8
Dividend yield
Nonein the last 12 months
ROE
43.9%
ROCE
47.9%
Debt to equity
0.02
Volume, NSE
10,00840.4% delivered

NINtec Systems board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorNiraj Chhaganraj Gemawat
  • ChairpersonIndrajeet Anath MitraRelated to the promoter
  • Company Secretary and Compliance OfficerDisha Shah

6 directors3 independent1 executive2 non-executive

  • Niraj Chhaganraj Gemawat · Managing directorExecutive · joined Aug 2015 · reappointed Jun 2026 · 2 listed boards · 3 committee seats, 1 as chair
  • Indrajeet Anath Mitra · ChairpersonNon-executive · joined Aug 2015 · 2 listed boards · 3 committee seats, 1 as chair
  • Rachana Niraj GemawatNon-executive · joined Feb 2016 · 2 listed boards · 2 committee seats
  • Somilkumar Ragvendr Nath MathurIndependent · joined Sep 2018 · reappointed Sep 2023 · 93 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Mehul Ganpatbhai MakkamparaIndependent · joined Feb 2026 · 5 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Rahul Ratankumar GuhathakurtaIndependent · joined Feb 2026 · 5 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Jani Hursh Pareshkumar, left 12 Feb 2026: Others
  • Vishal Rameshbhai Shah, left 12 Feb 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 26 Jun 20264 of 6 present3 independent · 29 days in between
    • 27 May 20266 of 6 present3 independent · 103 days in between
    • 12 Feb 20268 of 8 present5 independent · 14 days in between
    • 28 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Rahul Ratankumar Guhathakurta

    Indrajeet Anath Mitra, Somilkumar Ragvendr Nath Mathur

    • 27 May 20263 of 3 present2 independent · 103 days in between
    • 12 Feb 20263 of 3 present2 independent · 14 days in between

  • Nomination and remuneration committee

    Chair Rahul Ratankumar Guhathakurta

    Rachana Niraj Gemawat, Somilkumar Ragvendr Nath Mathur

    • 26 Jun 20262 of 3 present2 independent · 29 days in between
    • 28 Jan 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Indrajeet Anath Mitra

    Rachana Niraj Gemawat, Mehul Ganpatbhai Makkampara

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Rahul Ratankumar Guhathakurta

    Indrajeet Anath Mitra, Rachana Niraj Gemawat

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Samir M Shah & AssociatesPeer-review certificate valid to Apr 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

NINtec Systems AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.NINtec Systems share news and announcements

Annual general meeting, 18 Sep 2026

7,400 shareholders on the register on 11 Sep 2026; present: 2 promoters and 42 others; votes counted by Tushar Vora / Tushar Vora and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March , 2026 together with the report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.66% · promoters 77.44% · institutions 0.00% · other public 53.07%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March,2026 together with the report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.66% · promoters 77.44% · institutions 0.00% · other public 53.07%

  3. To appoint a director in place of Mrs. Rachana Gemawat (DIN: 02029832), who retires by rotation and being eligible, offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.66% · promoters 77.44% · institutions 0.00% · other public 53.07%

  4. To appoint M/s J. T. Shah & Co., Chartered Accountants (Firm Registration No. 1096 l6W), as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.66% · promoters 77.44% · institutions 0.00% · other public 53.07%

  5. To consider Re-appointment of Mr. Niraj Chhaganraj Gemawat (DIN: 00030749) as Managing Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 46.50% · promoters 39.29% · institutions 0.00% · other public 53.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 2 resolutions

8,703 shareholders on the register on 13 Feb 2026; votes counted by Tushar Vora / Tushar Vora and Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Mehul Ganpatbhai Makkampara (DIN:11490241) as an Independent Director (Non-Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.68% · promoters 39.74% · institutions 0.00% · other public 54.84%

  2. Appointment of Mr. Rahul Ratankumar Guhathakurta (DIN: 11492675) as an Independent Director (Non-Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.68% · promoters 39.74% · institutions 0.00% · other public 54.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 3 resolutions

9,581 shareholders on the register on 19 Sep 2025; present: 2 promoters and 35 others; votes counted by Tushar Vora / Tushar Vora and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt standalone and consolidated Audited Balance Sheet of the Company as at 31st March, 2025 and the Statement of Profit and Loss for the year ended on that date and Reports of the Board of Directors’ and Auditors’ thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 31.91% · promoters 10.51% · institutions 0.00% · other public 51.17%

  2. To appoint a Director in place of Mr. Indrajeet Mitra (DIN: 00030788)), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 26.93% · promoters 0.00% · institutions 0.00% · other public 51.17%

  3. To consider appointment of Secretarial Auditors for a period of five years commencing from FY 2025-26
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 31.91% · promoters 10.51% · institutions 0.00% · other public 51.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 4 resolutions

Present: 5 promoters and 31 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt standalone and consolidated Audited BalancenSheet of the Company as at 31st March, 2024 and the Statement of Prolit and Loss for thenyear ended on that date and Reports of the Board of Directors' and Auditors'thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.64% · promoters 68.57% · institutions 0.00% · other public 55.41%

  2. To appoint a Director in place of Mrs. Rachana Gemawat (DIN: 02029832),nwho retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.64% · promoters 68.57% · institutions 0.00% · other public 55.41%

  3. Revision in remuneration of Mr. Niraj Gemawat, (DIN: 00030749)nManaging Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.64% · promoters 68.57% · institutions 0.00% · other public 55.41%

  4. To approve existing as well as new material relatednNintec B.V.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 29.74% · promoters 1.23% · institutions 0.00% · other public 55.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 4 resolutions

Present: 3 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Balance Sheet as at the year ended 31 t March 2023 and the Statement of Profit and Loss of the Company for the year ended on that date and the Reports of the Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 88.23% · institutions 0.00% · other public 55.64%

  2. Resolution to approve the appoint of a director in place of Mr. Indrajeet Mitra (DIN: 00030788), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 88.23% · institutions 0.00% · other public 55.64%

  3. Resolution to approve the Re-appointment of Mr. Somil Ragvendr Nath Mathur (DIN: 07471863 as an Independent Director of the Company to hold office for a Second term.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.03% · promoters 88.23% · institutions 0.00% · other public 55.64%

  4. To approve material related party transactions with Nintec B.V.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 29.36% · promoters 0.00% · institutions 0.00% · other public 55.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Jul 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. Increase the authorised share capital of the company and amend the capital clause of the memorandum of association of the company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 3.29% · promoters 0.00% · institutions 0.00% · other public 6.23%

  2. Issue of Bonus Equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 3.29% · promoters 0.00% · institutions 0.00% · other public 6.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.