Newgen US Subsidiary Secures $5.48M Health Insurance Contract

Core Announcement – Order Details

Awarding Entity: Health insurance company situated in USA (name withheld due to confidentiality reasons)

Domestic/International Order: International order

Nature of Order/Contract: Supply, installation, implementation and cloud hosting of the NewgenONE Complaints, Appeals and Grievances (CAG) Solution on Newgen's hosted cloud. Includes license, implementation, annual maintenance, cloud hosting and support services.

Order Value: US Dollars 5,475,020 (Five Million Four Hundred Seventy-Five Thousand Twenty Only US Dollars)

Converted Value in INR: Rs. 52.55 Crore (Indian Rupees Fifty-Two Crore and fifty-five lakh only)

Conversion rate: 1 USD = INR 95.98

Materiality Context: Not Specified

Execution Timeline: 3 Years

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified