Newgen Software CEO Virender Jeet to step down by August 31, 2026

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

-5.0%Reaction day

₹491.00

prior close

₹480.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-3.8% vs market

Computers - Software & Consulting peers, median of 67sector-1.1%-3.9% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Smallcap 250 and 3.9 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

+1.0

10m

+0.6

15m

+0.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0-1.1-3.8-1.1-3.9

Next day

-7.3-2.0-5.4-2.2-5.1

-5.2+0.6-5.8-1.3-3.9

-4.4+1.9-6.2+0.0-4.4

-2.2+2.3-4.5+1.2-3.4

-1.1+3.1-4.2+0.9-2.0

-0.9+4.3-5.3-0.7-0.2

15d

-1.6+5.9-7.6-1.0-0.6

+5.2+6.7-1.6-0.7+5.9

+14.7+8.1+6.7+3.8+10.9

+3.4+8.6-5.2-3.1+6.4

UpDownMarket · Nifty Smallcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

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

AI summary

Mr. Virender Jeet, CEO of Newgen Software Technologies, has resigned citing personal and professional reasons. The resignation was submitted on June 9, 2026, with his last working day set as August 31, 2026. He was classified as a Key Managerial Personnel. The company has not yet announced a successor. The disclosure was made to BSE and NSE under SEBI Listing Regulations.

Likely market impact

Senior leadership exit may bring short-term uncertainty. Watch for successor announcement and any change in company strategy or execution.