Newgen names Tarun Nandwani as CEO; Pramod Kumar as CGO

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

NEWGEN · price

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

+2.5%Reaction day

₹471.05

prior close

₹482.55

announcement price

In-mkt

timing

Nifty Smallcap 250market+1.0%+1.5% vs market

Computers - Software & Consulting peers, median of 65sector+0.9%+1.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Smallcap 250 and 1.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+2.5+1.0+1.5+0.9+1.6

Next day

+1.9+1.1+0.8+2.1-0.2

+2.2+1.6+0.6+1.9+0.3

+2.0+0.9+1.1+1.5+0.5

-0.9-1.1+0.3+0.2-1.0

+0.6+0.4+0.2+0.0+0.6

+25.0+2.1+22.9+3.2+21.7

15d

+7.3-0.8+8.1+0.8+6.5

+19.1+2.1+17.0+7.0+12.0

+10.3+2.6+7.7+0.5+9.8

-2.7-0.8-1.9-5.5+2.8

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

Board approved Tarun Nandwani (current COO, 33 yrs at Newgen) as CEO and KMP for 18 months from Aug 1, 2026 to Jan 31, 2028, succeeding CEO Virender Jeet who is stepping down. Pramod Kumar (VP Sales Singapore subsidiary, 27 yrs) appointed Chief Growth Officer and KMP from Aug 1. Co-founder T.S. Varadarajan additionally designated Vice Chairman while continuing as Whole-time Director.

Likely market impact

Internal succession with long-tenured leaders signals continuity and stable leadership transition for shareholders.