Financial Performance Highlights
NINtec Systems Limited reported strong financial results for FY 2025-26 with consolidated revenue growing 21.72% to ₹1,701.68 crore and net profit increasing 21.62% to ₹320.12 crore. Standalone performance showed revenue of ₹1,016.96 crore (18.46% growth) and net profit of ₹277.99 crore (19.24% growth). The company maintained robust liquidity with working capital of ₹889.84 crore, including cash equivalents of ₹339.40 crore and current investments of ₹361.78 crore in liquid mutual funds.
AGM and Corporate Governance
The 11th Annual General Meeting is scheduled for September 18, 2026, to be held via video conferencing. Key agenda items include adoption of financial statements, reappointment of Managing Director Niraj Gemawat for five years, and appointment of M/s J.T. Shah & Co. as statutory auditors replacing Samir M. Shah & Associates. The board underwent restructuring with two new independent directors appointed in February 2026.
Operational and Financial Position
The company serves 30+ Fortune 500 clients across 9 industries with operations in 15 countries. Trade receivables of ₹491.42 crore were predominantly concentrated in EMEA region (88.4%), with 88.3% aged 0-30 days. The Group adopted new accounting standards including amendments to Ind AS 21 on foreign currency exchangeability and Ind AS 1 on liability classification, with no material impact on financial statements.
Capital Structure and Shareholding
Authorized share capital remained at ₹20 crore with paid-up capital of ₹18.58 crore. Significant shareholders include M/S. Tecthink B.V. (25.44%), Niraj C Gemawat (18.30%), and Rachana N. Gemawat (13.85%). The company had previously issued bonus shares in 2022 (1:2 ratio) and 2023 (4:5 ratio). No dividend was recommended for FY26 to strengthen financial position and support growth opportunities.
Risk Management and Compliance
The Group maintained strong credit quality with expected credit losses assessed as immaterial. Foreign currency risk exposure showed sensitivity of ₹297.32 lakhs to EUR fluctuations and ₹4.93 lakhs to USD movements. The company confirmed no material regulatory orders, fraud reports, or benami property transactions, with all related party transactions conducted at arm's length.