Announced Fri, 26 Jun · 17:02 IST
NINtec Systems reappoints Niraj Gemawat as Managing Director for 5 years
Management Changes View source PDF
NINSYS · price
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Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹785.00
prior close
₹803.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-3.9-1.0—+4.5+7.1+10.3+11.6+13.1+14.7+14.6———
Up moveDown movePending
AI summary
NINtec Systems board approved the reappointment of Niraj Chhaganraj Gemawat as Managing Director for 5 years from 29 June 2026 to 28 June 2031, subject to shareholder approval at the next AGM. Gemawat has been with the company since 2015, holds over 30 years of experience, and looks after overall management, finance and internal controls. He is also related to Director Rachana Gemawat (spouse). Board also set up a new CSR Committee.
Likely market impact
Leadership continuity as the existing MD gets a fresh 5-year term, positive for governance stability. Shareholder approval pending at AGM.