Newgen Software Technologies Limited, through its wholly owned subsidiary in Saudi Arabia, has secured an international order valued at USD 1.632 million, the company informed stock exchanges on Monday, May 12, 2025.
The agreement was executed with an undisclosed international customer, and the contract is expected to be completed over a period of one year.
The company clarified that:
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The order is not a related party transaction
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There is no promoter group interest in the awarding entity
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The deal qualifies as a material event under SEBI Listing Regulations
The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, and filed with both BSE and NSE. The time of occurrence of the event was recorded at 11:00 AM on May 12, 2025.
This marks a notable expansion for Newgen in the Middle East region and adds to its momentum in global enterprise software services.
