Newgen Software Technologies L.L.C, a wholly owned subsidiary of the Newgen Software Technologies Limited ( the Company ) incorporated in the Dubai, has executed an Agreement with a customer for Newgen Software licenses, Implementation and support services. The aggregate value of the aforesaid Agreement is AED 5,309,103 (Five Million Three Hundred Nine Thousand One Hundred and Three UAE Dirhams Only) excluding value added tax.
NEWGEN · price
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Newgen Software Technologies' wholly owned subsidiary in Dubai has signed an agreement with a customer for Newgen Software licenses, implementation, and support services. The total contract value is AED 5,309,103 (approximately ₹12-12.5 crore), excluding VAT. The contract is denominated in UAE Dirhams and was executed by the Dubai-based subsidiary. No further details on the customer's identity or contract duration have been disclosed in the announcement.
This is a routine international order win that adds to the order book of the Dubai subsidiary. While it reinforces the company's overseas business presence, the size appears modest relative to Newgen's overall revenue scale and is unlikely to materially move the stock in the short term.