Core Announcement – Order Details
Awarding Entity: Overseas entity situated in Qatar (name withheld due to confidentiality reasons)
Domestic/International Order: International (State of Qatar)
Nature of Order/Contract: Supply, implementation, and three-year support of an international regulatory reporting and compliance platform solution powered by Newgen. The contract covers software licenses, implementation services, and three years of support.
Order Value: US Dollars 1,791,140 (One Million Seven Hundred Ninety-One Thousand One Hundred Forty US Dollars)
Converted Value in INR: ₹17.14 Crore (Indian Rupees Seventeen Crore Fourteen Lakhs) at conversion rate of 1 USD = INR 95.71
Materiality Context: Not Specified
Execution Timeline: Implementation as per the agreed project schedule, followed by three (3) years of support and maintenance service.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No. The company confirms that this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.
Promoter Group Involvement: No
Financial Implication: Not Specified