Disclosure of Material Order is Enclosed.
Awaiting price reaction for this filing.
Newgen Software Technologies has received a domestic purchase order valued at INR 17.51 Crores from a customer for the license, implementation, and maintenance of its Loan Origination System (LOS), Account Opening, and Document Management System (DMS) solutions. The order is to be executed over a 5-year period. The awarding entity is a domestic customer and is not related to the company's promoters or group companies. The event occurred on 31st March 2025 and the disclosure was filed under SEBI LODR Regulation 30.
This is a positive development for shareholders as it adds a multi-year, recurring revenue stream to Newgen's order book. While the order size is modest in absolute terms, the 5-year tenure supports long-term revenue visibility and reflects continued demand for the company's banking and financial services software solutions.