Newgen Software Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NEWGEN · price
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Newgen Software Technologies has secured a purchase order worth ₹21.24 crore (including taxes) from Kshema General Insurance Limited for its Policy Administration System. The contract covers software licence, implementation, and annual support services over a 5-year period. The order is domestic, awarded by an Indian entity, and is not a related party transaction. The disclosure was made on 24th September 2025 under SEBI Listing Regulations.
This is a mid-sized order (roughly 2-3% of estimated annual revenue) and represents steady business momentum in the insurance vertical, but is unlikely to materially move the stock on its own. It reinforces Newgen's presence in the domestic insurance software segment with a multi-year recurring revenue component.