Newgen Software Technologies Secures INR 12.92 Crore Domestic Contract for Implementation and Support Services

New Delhi, India – February 1, 2025 – Newgen Software Technologies Limited (BSE: 540900, NSE: NEWGEN/INE619B01017) has secured a significant domestic contract valued at INR 12.92 crore for implementation and support services. The company has officially accepted the purchase order, which spans a six-year contract duration, according to a regulatory filing with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Key Contract Details:​

• Order Value: INR 12.92 crore
• Contract Duration: 6 years
• Entity Awarding the Contract: Domestic client
• Promoter Group Interest: No involvement of promoters or related parties.

The company clarified that this transaction does not qualify as a related-party transaction under the Companies Act, 2013.

Strategic Implications​

This contract win reinforces Newgen Software’s strong market presence and expertise in implementation and support services. The deal aligns with the company's long-term strategy to expand its domestic business footprint, potentially contributing to revenue stability over the next six years. Investors will be keenly watching further developments regarding execution timelines and revenue realization from the project.