Newgen Software Secures 2 Orders on 29 March
1. Rs. 35.3 Crore Trade Finance Solution Order
Newgen Software Technologies Limited has announced the receipt and acceptance of a significant purchase order for the supply, implementation, integration, management, and maintenance of a Centralized Trade Finance (CTF) solution. The order, which includes a customer web portal, has a total value of ₹35,30,97,005 (inclusive of taxes).
The company disclosed this material event in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the details shared, the contract has been awarded by a domestic entity and will be executed over a period of five years. Importantly, Newgen has confirmed that there is no involvement of the promoter group or related parties in the transaction.
2. $1.59 Million International Contract
Newgen Software Technologies Limited, a leading provider of digital transformation solutions, has announced that its wholly owned subsidiary, Newgen Software Technologies Pte. Ltd. (Singapore), has signed a significant agreement with an international customer. The total value of the contract stands at SGD 1,588,910 (approximately INR 9.8 crore), marking a notable milestone for the company’s global expansion. The three-year contract highlights Newgen’s solid presence in the global enterprise software market. The company has confirmed that the transaction does not fall under the category of related party transactions as defined by the Companies Act, 2013, and there is no involvement of promoters or group companies in the deal.
Newgen disclosed the information in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reinforcing its commitment to corporate transparency. The official filing with the BSE and NSE confirmed the occurrence of the event.
Newgen Software Share Performance on Friday
On Friday, March 29, 2025, Newgen Software’s stock price experienced a decline of 2.16%, closing at ₹988.00 on the NSE. The stock opened at ₹1,022.80 but faced selling pressure throughout the session, reaching an intraday low of ₹985.00 and a high of ₹1,032.45. This movement followed a previous close of ₹1,009.90.
About Newgen Software
Newgen Software Technologies is a prominent enterprise software provider, enabling businesses to accelerate digital transformation through automation and process optimization. Its platform helps organizations streamline operations, improve efficiency, and enhance decision-making. With a market cap of ₹14,089 crore, Newgen is a small-cap IT company that has seen notable stock movement, ranging from ₹724 to ₹1,799 over the past year.
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This reflects strong investor confidence in its growth potential. The company serves key sectors like banking, insurance, government, and healthcare, offering solutions for document management, workflow automation, and enterprise content management to improve data handling, collaboration, and compliance. Newgen continues to expand globally, securing international contracts and strengthening its market presence. As businesses increasingly embrace digital solutions, its expertise in automation positions it for long-term growth in the evolving IT sector.
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