Newgen Software Technologies Limited has announced a significant development, securing an international contract valued at USD 1,643,256 (inclusive of taxes) for providing credit automation services. This milestone underscores Newgen’s position as a leading global provider of digital transformation solutions.
Contract Highlights:
- Awarding Entity: An international client (name undisclosed).
- Contract Duration: 5 years.
- Promoter Interest: The promoter group has no interest in the awarding entity, confirming no related-party transactions under the Companies Act, 2013.
This contract reinforces Newgen Software’s global reach and expertise in credit automation, a critical aspect of financial technology. By enabling efficient and scalable credit processes, the company continues to showcase its commitment to delivering innovative solutions.
The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. Additionally, this announcement adheres to the disclosure formats outlined in recent BSE and NSE circulars.
Aman Mourya, Company Secretary & Head Legal, stated, “This award reflects our dedication to providing cutting-edge credit automation services and highlights Newgen’s role in driving digital transformation on a global scale. We are excited to execute this project over the next five years.”
