Newgen Software Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NEWGEN · price
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Newgen Software Technologies has received a purchase order from a domestic customer for the licence, implementation and maintenance of its Loan Origination System (LOS), Account Opening and Document Management System (DMS). The total contract value is INR 17.51 Crores, to be executed over 5 years. The order was confirmed on 31st March 2025 and disclosed to the exchanges on 1st April 2025. The company has clarified that this is not a related party transaction and that promoters/promoter group have no interest in the awarding entity.
This is a positive business development for Newgen as it adds to its order book and provides revenue visibility over the next 5 years. However, the contract size is moderate relative to the company's overall scale, so the immediate impact on stock price is likely to be limited.