Newgen Software Technologies Limited has received and accepted a purchase order from Annapurna Finance Private Limited for the "Implementation and Maintenance of Loan Origination and Collections System."
The aggregate value of the order is ₹15,59,20,988 (Rupees Fifteen Crore Fifty-Nine Lacs Twenty Thousand Nine Hundred Eighty-Eight Only).
The significant terms and conditions of the order include a perpetual license, implementation services, and support services. The order is domestic in nature, with the counterparty, Annapurna Finance Private Limited, based in India.
The time period for execution of the contract is 5 years.
The company confirms that its promoters, promoter group, or group companies do not have any interest in the entity that awarded the order. Furthermore, the company states that this transaction does not fall within the definition of a related party transaction as per the provisions of the Companies Act, 2013.
The date of occurrence of this event is 29th June 2026, and the time of occurrence is 6:46 PM IST.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with BSE Circular No. 20230714-34 dated July 14, 2023, and NSE Circular No. NSE/CML/2023/57 dated July 14, 2023.
The announcement was digitally signed by Aman Mourya, Company Secretary & Head - Legal, on 29th June 2026 at 7:13:41 PM IST.