NINtec Systems Ltd reports acquisition of 1.86 million shares, 18.44% stake

What NINtec Systems Ltd announced

NINtec Systems Ltd (BSE: 539843, NSE: NINSYS) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 1 July 2026. The filing informs the market that Niraj Chhaganraj Gemawat, together with persons acting in concert (PACs), has acquired 1,85,76,000 equity shares of Rs 10 each in an open‑market transaction carried out on 29th and 30th June 2026. The acquisition raises the acquirer’s holding to 18.44% of the diluted share capital of NINtec.

Details of the share acquisition

• Number of shares acquired: 1,85,76,000 equity shares (approximately 1.86 million shares).
• Share price: Rs 10 per share (face value; the filing does not disclose the market price paid).
• Date of acquisition: 29 June 2026 and 30 June 2026.
• Mode of acquisition: Open market purchase, meaning the shares were bought from existing shareholders on the stock exchange rather than through a private placement or rights issue.
• Post‑acquisition holding: 18.44% of the diluted share capital, which totals 3,425,366 shares after the transaction.
• Pre‑acquisition diluted share capital: The filing does not provide a separate pre‑acquisition figure, but the post‑acquisition total is stated as 3,425,366 shares.

Parties involved

The acquirer is identified as Niraj Chhaganraj Gemawat. The filing also lists the following persons and entities as Persons Acting in Concert (PACs) with the acquirer:

• Rachana Gemawat
• Chhaganraj Gemawat
• Sumanlata Gemawat
• Indrajeet Mitra
• Ketki Mitra
• V1N1T Solutions LLP These PACs are considered part of the same voting bloc for the purpose of the SAST regulations. Their collective holding, together with the acquirer, constitutes the 18.44% stake disclosed.

Key facts at a glance

Why this matters for investors

The disclosure is a statutory requirement under SEBI’s SAST regulations, which aim to provide transparency when a party acquires a material stake in a listed company. An 18.44% holding crosses the 15% threshold that typically triggers additional reporting obligations, such as filing a Regulation 29(1) notice and possibly a takeover offer if the acquirer wishes to increase the stake further.

For existing shareholders, the transaction does not dilute equity because the shares were purchased from the market rather than issued anew. However, the increase in voting power for the acquirer and his PACs could influence future corporate decisions, board composition, or strategic direction, depending on how the voting bloc aligns with management.

The open‑market nature of the purchase suggests that the shares were obtained at prevailing market prices, but the filing does not disclose the exact transaction price. Consequently, investors cannot assess any premium paid over the market price from the filing alone.

Regulatory compliance is confirmed: the filing includes the required percentages relative to total and diluted share capital, the mode of acquisition, and the dates of purchase. No further approvals (e.g., from the board or shareholders) are indicated as necessary for this open‑market transaction.

Conclusion

NINtec Systems Ltd has formally reported that Niraj Chhaganraj Gemawat, together with a group of PACs, has acquired 1.86 million shares on an open‑market basis, bringing his collective holding to 18.44% of the company’s diluted share capital. The filing satisfies SEBI’s disclosure obligations under Regulation 29(2). While the purchase does not affect the company’s capital structure, it does increase the voting influence of the acquirer and his associates, a factor shareholders may monitor in future corporate actions.

The acquisition was executed on 29‑30 June 2026 and reported on 1 July 2026, reflecting compliance with SEBI’s Substantial Acquisition of Shares & Takeovers Regulations.