NSEBagging/Receiving of orders/contracts30 Jun 2026 · 30 Jun 2026, 11:01 pm
Bagging/Receiving of orders/contracts
Newgen Software Technologies Limited · NEWGEN
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Newgen Software Technologies Limited has informed the Exchange about bagging/receiving of orders/contracts worth KWD 875,000 (approximately Rs. 26.70 crores) for core insurance system replacement from an overseas entity in Kuwait.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Newgen Software Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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Newgen Software Technologies Limited
CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India
Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963
Date: 30th June 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Mumbai – 400001 Bandra- Kurla Complex, Bandra (E), Mumbai –
400051
Ref.: Newgen Software Technologies Ref.: Newgen Software Technologies Limited
Limited (NEWGEN/INE619B01017)
(NEWGEN/INE619B01017)
Scrip Code – 540900
Sub.: Disclosure of material event/ information pursuant to Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/ Ma'am,
This is to inform you that Newgen Software Technologies LLC, a wholly owned subsidiary of the
Newgen Software Technologies Limited (“the Company”) incorporated in United Arab Emirates
(UAE) has today accepted a Letter of Award as received from Customer for Core insurance system
replacement (PAS replacement).The aggregate value of the aforesaid Order is KWD 875,000 (Eight
hundred seventy-five thousand Kuwaiti Dinars). The details as per Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 are as follows: -.
Sr. Parameters Remark
(i) Name of the entity awarding the : Overseas entity situated in Kuwait
order(s)/contract (s). (the Customer’s name is withheld
due to confidentiality reasons)
(ii) Significant terms and conditions of : Core insurance system replacement
order(s)/contract(s) awarded in brief (PAS replacement), including
licenses, implementation services,
and five years of support.
(iii) Whether order(s) / contract(s) have been : International
awarded by domestic/ international entity
(iv) Country in which counterparty/entity : State of Kuwait
exists
(v) Nature of order(s) / contract(s); : Core insurance system replacement
(PAS replacement), including
licenses, implementation services,
and five years of support.
(vi) Time period by which the : 5 years
order(s)/contract(s) is to be executed;
Newgen Software Technologies Limited
CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India
Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963
(vii) Broad consideration or size of the : KWD 875,000 (Eight hundred
order(s)/contract(s); seventy-five thousand Kuwaiti
Dinars only)
Converted Value in INR- i.e. Rs.
26,70,41,250 (Rs. Twenty-Six Crore
Seventy Lakh Forty-One thousand
Two Hundred and Fifty)
(Conversion rate: - 1 KWD = INR
305.19)
(viii) Whether the promoter/ promoter group / : No
group companies have any interest in the
entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
Further, we hereby confirm that the above transactions do not fall within the definition of a related
party transaction as specified under the provisions of the Companies Act, 2013.
Details as required to be disclosed as per BSE’s Circular No. 20230714-34 dated July 14, 2023, and
NSE’s Circular No. NSE /CML/2023/57 dated July 14, 2023, are as under:
1. Date of occurrence of Event / Information 30th June 2026
2. Time of occurrence of Event/ Information 08:20 P.M. (IST)
This is for your kind information and record.
Thanking you.
For Newgen Software Technologies Limited
Aman Mourya
Company Secretary & Head - Legal