NINtec Systems Ltd files Reg 29(2) disclosure on share acquisition by Niraj Chhaganraj Gemawat & PACs

What NINtec Systems announced

NINtec Systems Ltd (BSE: 539843) filed a disclosure on 24 June 2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing states that Niraj Chhaganraj Gemawat and persons acting in concert (PACs) have acquired shares in the company, thereby meeting the reporting threshold prescribed by SEBI.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Niraj Chhaganraj Gemawat & PACs."

The filing does not provide the exact number of shares, the percentage of the issued share capital acquired, or the price paid.

Regulation 29(2) – Substantial acquisition reporting

Regulation 29(2) requires any person or group of persons (PACs) who acquire more than 1 % of the total voting power of a listed company to disclose the acquisition to the stock exchange within two working days of the transaction. The disclosure must include:

• Name of the acquirer(s)
• Number of shares acquired
• Percentage of total share capital
• Date of acquisition
• Whether the acquisition was made on the open market or through a block deal Failure to disclose or provide inaccurate information can attract penalties under SEBI regulations.

Parties involved

• Niraj Chhaganraj Gemawat – identified as the primary acquirer.
• Persons Acting in Concert (PACs) – a group of entities or individuals acting in concert with Mr. Gemawat, as defined under the SEBI (Takeover) Regulations.

No further details about the PACs are disclosed in the filing.

Key facts at a glance

Why this matters for investors

The disclosure signals that a significant shareholder has crossed the 1 % threshold, which may lead to:

• Increased visibility of the company’s shareholding pattern, as subsequent filings will reveal the exact stake.
• Potential for a formal takeover offer if the acquirer’s holding rises to 25 % or more, triggering a mandatory open offer under SEBI rules.
• Regulatory oversight, as SEBI will monitor any further acquisitions by the same party to ensure compliance with takeover norms. Investors should watch for follow‑up disclosures that will clarify the size of the stake and any strategic intent behind the acquisition.

Conclusion

NINtec Systems has complied with SEBI’s reporting requirement by filing a Regulation 29(2) disclosure for the share acquisition by Niraj Chhaganraj Gemawat and associated PACs. While the filing confirms the existence of a substantial acquisition, it does not reveal the exact shareholding percentage or the transaction price. Future filings will be required to disclose these details, allowing investors to assess the potential impact on corporate control and governance.