Enclosed disclosure of Material Order of Rs. 14.47 cr.
NEWGEN · price
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On the reaction day the stock moved in line with Nifty Smallcap 250 and 1.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Newgen Software Technologies (UK) Limited, a wholly owned subsidiary of the company, has executed a Statement of Work with a UK-based customer for software licenses, cloud services, and implementation services. The order value is GBP £1,125,608 (approximately Rs. 14.47 crore) at an exchange rate of 1 GBP = INR 128.58. The engagement involves deploying Newgen's Enterprise Content Management platform across the customer's organization, covering cloud-based software licenses, implementation, and migration services over a duration of 3.5 years. The customer entity's name is withheld due to confidentiality. The company has confirmed this is not a related party transaction.
The order adds incremental revenue visibility over 3.5 years and signals continued international traction. However, at ~Rs. 14.47 crore, it represents a relatively small order relative to Newgen's likely annual revenue, so immediate stock price impact may be modest.