Kuwait client withdraws KWD 1.7M BPM platform tender awarded in September

Major contract cancelledExport order in hard currencyBusiness Updates View source PDF Explain this filing

NEWGEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹879.00

prior close

₹872.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.3%-1.7% vs market

Computers - Software & Consulting peers, median of 65sector-2.2%-1.8% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.4

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0-2.3-1.7-2.2-1.8

Next day

-3.6-1.3-2.4-1.3-2.3

-5.0-2.0-3.0-2.7-2.3

-3.1-1.4-1.7-1.6-1.4

-2.5-0.6-1.9-1.1-1.3

-1.9-0.2-1.6-1.4-0.5

-4.9-1.7-3.2-2.2-2.7

15d

-5.4-0.0-5.4-3.4-2.0

-6.1-0.0-6.1-3.6-2.5

-35.9-1.4-34.5-10.8-25.1

-47.2-8.7-38.5-22.3-24.9

UpDownMarket · Nifty Smallcap 250Sector · Computers - Software & Consulting peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

On 30 September 2025, Newgen Software had accepted a Letter of Award from a Kuwait-based overseas entity to implement a Business Process Management Platform valued at KWD 1,736,052 (around Rupees 47 to 48 crore). The entity has now withdrawn the tender without disclosing any reason. Newgen received no prior communication and will take up the matter with the entity. The event occurred on 4 December 2025.

Likely market impact

Loss of a material overseas order; near-term revenue may be impacted. Company plans to engage the client on the matter.