Newgen Software Technologies Limited has received and accepted a Letter of Award for Retail Loan Origination Solution from an overseas entity situated in Philippines. The customer's name has been withheld due to confidentiality reasons.
Key Contract Details
- Awarding Entity: Overseas entity in Philippines (name confidential)
- Contract Nature: Retail Loan Origination Solution
- Contract Value: USD 1,710,000 (One million seven hundred ten thousand dollars)
- Indian Rupee Equivalent: ₹16,18,68,600 (Indian Rupees Sixteen Crore Eighteen Lakh Sixty Eight Thousand Six Hundred Only)
- Conversion Rate: 1 USD = INR 94.66
- Execution Period: 5 years
- Entity Type: International counterparty
- Country of Counterparty: Philippines
Promoter/Group Company Interest
There is no interest of the promoter/promoter group/group companies in the entity that awarded the order/contract.
Related Party Transaction Status
The company confirms that these transactions do not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.
Event Timing
- Date of Occurrence: 30th June 2026
- Time of Occurrence: 2:40 PM (IST)