Key Development
Mr. Diwakar Nigam, Chairman & Managing Director of Newgen Software Technologies Limited, has been indisposed and unavailable to fulfill the requirements of his role and discharge his duties and responsibilities in a regular manner for more than forty-five days in a rolling period of ninety days.
Reason for Unavailability
The unavailability is due to pneumonitis-related health issues. Mr. Nigam was hospitalized intermittently during May 2026 to June 2026.
Duration of Unavailability
The unavailability exceeded forty-five days in the rolling period of ninety days covering April 2026 to June 2026. Despite this extended unavailability, Mr. Nigam has been available for certain crucial meetings and key decision-making as required from time to time.
Business Continuity Measures
The Company has taken necessary steps to ensure continuity of business operations without any disruption. The existing Whole-time Directors have been attending to all matters requiring attention, and the Company has continued to operate in the ordinary course.
Approval Process
The matter was approved by the Board of Directors through circular resolution. The Board circular note was circulated to the Board of Directors at 11:09 AM on June 30, 2026, and the resolution was passed at 11:27 AM on the same date.
Financial Impact
Financial impact not quantified in the disclosure.
Submitted By
Aman Mourya, Company Secretary & Head - Legal, submitted the disclosure digitally signed on June 30, 2026, at 11:30:44 IST.