Diwakar Nigam has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
NEWGEN · price
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Diwakar Nigam, a promoter of Newgen Software Technologies, has filed a routine annual declaration with the stock exchanges confirming that he and persons acting in concert have not created any new encumbrances (such as pledges or liens) on the company's equity shares during the financial year ended 31st March 2025, other than those already disclosed earlier. This is a standard compliance filing required under SEBI's Takeover Regulations and does not indicate any change in the promoter's holding or any new financial action on the shares.
This is a neutral, routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that no new pledges or encumbrances have been placed on promoter-held shares during the year.