Newgen Software Technologies Limited disclosed that its wholly owned UK subsidiary, Newgen Software Technologies (UK) Limited, has executed a significant contract with a customer based in the United Kingdom (England & Wales).
The agreement involves providing comprehensive document management solutions including:
- Document management platforms (Enterprise Content Management OmniDocs)
- Customer Communications Management platform (OmniOMS)
- Implementation services
- Software licenses
- Cloud hosting services
- Maintenance and support services
Contract Details:
- Total Value: GBP £1.63 million (One Million, six hundred and thirty thousand pounds)
- INR Equivalent: ₹20.51 Crores (Indian Rupees Twenty Crore and Fifty-One lakhs)
- Conversion Rate: 1 GBP = INR 125.85
- Contract Duration: 3.5 years
- Counterparty Location: United Kingdom (international entity)
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with BSE Circular No. 20230714-34 dated July 14, 2023
- Compliance with NSE Circular No. NSE/CML/2023/57 dated July 14, 2023
Additional Confirmations:
- The promoter/promoter group/group companies have NO interest in the entity that awarded the contract
- This transaction does NOT qualify as a related party transaction under the Companies Act, 2013
Event Timing:
- Date of occurrence: 16th October 2026
- Time of occurrence: 1:30 AM (IST)