Newgen Software Technologies Limited has announced that its material subsidiary, Newgen Software Inc. (NSI), based in the United States, has secured a significant contract with a US-based client. The total value of the Statement of Work (SoW) agreement for the initial three years stands at $1,930,147.
According to a disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the agreement marks a key international expansion for Newgen, reinforcing its presence in the global enterprise software market.
Key Highlights of the Agreement
- Entity Awarding the Contract: International (US-based client)
- Contract Duration: 3 years
- Promoter Group Interest: No involvement of promoters or group companies in the awarded contract.
- Related Party Transaction: The agreement does not qualify as a related party transaction under the Companies Act, 2013.
The announcement was made to the BSE and NSE on February 26, 2025, with the event occurring at 8:50 PM IST.
This latest deal aligns with Newgen’s strategy of expanding its footprint in international markets, leveraging its expertise in digital transformation solutions for enterprises.
For further details, Newgen Software has submitted the official regulatory filing to the stock exchanges.
