Newgen Software Technologies Limited has announced that its wholly owned US-based subsidiary, Newgen Software Inc. (NSI), has signed a significant international contract valued at USD 1,270,000 (approximately Rs 10.59 crore). The agreement was executed on March 31, 2025, at 10:14 AM IST, according to the company’s regulatory filing.
The contract will be executed over a period of three years, and was secured from an international customer. The company clarified that no promoter or group company has any interest in the customer entity, and the transaction does not qualify as a related party transaction under the Companies Act, 2013.
This deal marks another milestone in Newgen’s growing global footprint and its ability to secure recurring revenue from enterprise clients in overseas markets.
The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, as well as relevant circulars issued by BSE and NSE.
Disclaimer: This article is based on official regulatory disclosures. It is intended for informational purposes only and does not constitute financial or investment advice. Investors are advised to consult with financial advisors before making any investment decisions.
