Newgen Software Technologies has been awarded a significant contract valued at RM 6,750,000, equivalent to approximately ₹15.64 crore, for a retail loan origination solution. The contract involves software licensing, implementation, cloud hosting, and support services.
The contract was awarded by a leading bank in Malaysia, although the customer’s name remains confidential. This international order highlights Newgen Software’s expanding footprint in the global market, particularly in the financial technology sector.
The project is set to be executed over a period of five years, showcasing the company’s long-term commitment to delivering comprehensive software solutions. The conversion rate used for the contract value is RM 1 to ₹23.18.
Importantly, Newgen Software has confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the contract, ensuring transparency and compliance with regulatory standards. Additionally, the transaction does not qualify as a related party transaction under the Companies Act, 2013.
The announcement was made on 31st March 2026, at 4:30 PM IST, marking a significant milestone for Newgen Software in its pursuit of international business opportunities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).