Newgen Software Technologies Limited, a leading provider of digital transformation solutions, has signed a significant contract with a customer in the USA. The total value of this agreement stands at $1.38 million, reinforcing Newgen’s strong presence in the international market.
The contract, set to be executed over five years, highlights Newgen’s continued commitment to delivering innovative and scalable enterprise solutions. As a global player in the software industry, the company remains focused on expanding its footprint and driving digital transformation across industries.
Notably, this deal has no involvement from the company’s promoters, promoter groups, or related entities, ensuring transparency and compliance with regulatory norms. Additionally, it does not qualify as a related-party transaction under the Companies Act, 2013.
Key Details of the Agreement
As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following details of the contract have been disclosed:
- Nature of the Contract: International agreement
- Contract Value: USD 1.38 million
- Execution Period: 5 years
- Promoter/Group Interest: No involvement of the promoter, promoter group, or related entities
- Related Party Transaction: The transaction does not fall within the definition of a related party transaction under the Companies Act, 2013
This latest development strengthens Newgen’s market position and underscores its ability to…
