Outcome of Board Meeting

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: 02nd July 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra- Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400051 Ref.: Newgen Software Technologies Limited Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) (NEWGEN/INE619B01017) Scrip Code – 540900 Ref.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) – Outcome of Board Meeting Dear Sir/ Ma'am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform that the Board of Directors of Newgen Software Technologies Limited at its meeting held today i.e., Thursday, 02nd July 2026, which commenced at 1:30 P.M. and concluded at 1:48 P.M., has inter alia considered and approved the following: 1. Appointment of Mr. Tarun Nandwani as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP): We refer to our earlier communication dated 9th June 2026, wherein the Company had intimated about the resignation of Mr. Virender Jeet from the position of Chief Executive Officer (Key Managerial Personnel) of the Company, effective from the close of business hours on 31st August 2026, which was noted by the Board at its meeting held on 12th June 2026. In view of the above and based on the recommendation of the Nomination & Remuneration Committee, the Board has approved the appointment of Mr. Tarun Nandwani (currently designated as the Chief Operating Officer of the Company) as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company for a period of 18 (eighteen) months, with effect from 01st August 2026 to 31st January 2028. 2. Appointment of Mr. Pramod Kumar as Chief Growth Officer (CGO) and Key Managerial Personnel (KMP): Based on the recommendation of the Nomination & Remuneration Committee, the Board has approved the appointment of Mr. Pramod Kumar (currently designated as Vice President – Sales with the Company's Singapore subsidiary) as the Chief Growth Officer (CGO) and Key Managerial Personnel (KMP) of the Company, with effect from 01st August 2026. 3. Designation of Mr. T. S. Varadarajan as Vice Chairman: The Board has approved the designation of Mr. T. S. Varadarajan (DIN: 00263115), Whole-time Director of the Company, as Vice Chairman of the Company with immediate effect. Mr. T. S. Varadarajan shall continue to serve as the Whole-time Director of the Company, and the designation of Vice Chairman shall be in addition to his existing role. He shall discharge such duties, responsibilities and exercise such powers as may be entrusted to him by the Board from time to time. 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 The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025CFD-POD2/I/3762/2026, dated 30th January 2026 are enclosed as ‘Annexure-I’. This is for your kind information and record. Thanking you. For Newgen Software Technologies Limited Aman Mourya Company Secretary & Head -Legal Encl.: a/a 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 Annexure-I S. Particulars Mr. Tarun Nandwani Mr. Pramod Kumar 1. Reasons for Change viz. Appointment of Mr. Tarun Appointment of Mr. Pramod Kumar, as appointment, resignation, Nandwani as Chief Executive Chief Growth Officer (CGO) and Key removal, otherwise; Officer (CEO) and Key Managerial Personnel (KMP) of the Managerial Personnel (KMP) of Company the Company 2. Date of With effect from 01st August 2026 With effect from 01st August 2026 appointment/cessation (as to 31st January 2028, for a period applicable) & term of of 18 (eighteen) months appointment; 3. Brief profile With 33 years at Newgen, Tarun Pramod Kumar is the designated as Nandwani has played a pivotal Chief Growth Officer of Newgen role in building the company into Software and brings a unique a globally recognized software combination of technology, product, product company, helping shape strategy, marketing, and business its platform vision, strengthen leadership experience. Over his career customer relationships, expand its spanning 27 years at Newgen, he has market presence, and drive held leadership positions across sustained growth across industries Product Management, R&D, Strategy, and geographies. Throughout his Marketing, Business Development, tenure, he has played a pivotal role and Regional Operations, providing in shaping Newgen's business him with a comprehensive perspective strategy, customer-centric culture, on enterprise growth. operational excellence, and growth agenda. Pramod has played a significant role in driving market expansion and building As Chief Operating Officer, Tarun scalable growth engines for the has helped drive strongest growth organization. Most notably, he led the periods in Newgen's history, rapid growth of Newgen's APAC contributing to significant business, helping increase regional expansion in revenue, revenues from approximately ₹73 crore profitability, customer acquisition, to ₹237 crore over five years, and market presence. Under his representing a CAGR of nearly 27%. leadership, Newgen strengthened He was instrumental in acquisition of its global footprint, expanded 75 logos in APAC establishing and strategic product portfolios, scaling Newgen's government business deepened customer relationships, in the region, which today contributes and enhanced execution a significant share of the company's capabilities across the public sector portfolio. organization. Throughout his career, Pramod has Tarun has been instrumental in championed growth through strategic establishing and scaling several partnerships, market expansion strategic business lines, including initiatives, advisory networks, and Trade Finance, Lending, Liability ecosystem development. His Products, Payments, Insurance appointment as Chief Growth Officer Policy Administration, and Loan reflects Newgen's commitment to Management Solutions. His accelerating growth through stronger combination of strategic vision, alignment across markets, products, customer focus, and operational 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 rigor has helped create many of partnerships, customers, and strategic the growth engines that power initiatives. Newgen today. He holds a bachelor’s degree in He holds a bachelor's degree in engineering from the National Institute engineering from the University of of Technology, Allahabad, and MBA Delhi. from the International Management Institute, New Delhi. 4. Disclosure of Not Applicable Not Applicable relationships between directors (in case of appointment of a director) S. No. Particulars Mr. T. S. Varadarajan 1. Reasons for Change viz. appointment, Designation of Mr. T. S. Varadarajan (DIN: 00263115), resignation, removal, otherwise; Whole-time Director of the Company, as Vice Chairman of the Company with immediate effect. 2. Date of appointment/cessation (as with immediate effect applicable) & term of appointment; 3. Brief profile Mr. T.S. Varadarajan co-founded Newgen in 1992. He has 51 years of experience in the field of Software design and Development. Prior to promoting the Company, he promoted Softek P [Showing first 8,000 characters — download PDF for full document]