Newgen Software Technologies Limited has informed the Exchange about Indisposition and Unavailability of the Chairman & Managing Director
NEWGEN · price
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Newgen Software Technologies has informed the exchanges that its Chairman & Managing Director, Mr. Diwakar Nigam, has been medically indisposed owing to pneumonitis-related health issues and has been unable to discharge his duties regularly for more than 45 days in a rolling 90-day period (April 2026 to June 2026). He was hospitalised intermittently between May and June 2026, though he has remained available for certain crucial meetings and key decision-making. The disclosure is being made under SEBI's Listing Regulations because his unavailability has crossed the mandated duration threshold. Other Whole-time Directors are handling responsibilities and the company says business continues to operate in the ordinary course without disruption.
This is a health-related disclosure, not a resignation, and operations are continuing under other Whole-time Directors. However, the prolonged absence of the founder-promoter CMD may create leadership uncertainty and weigh modestly on investor sentiment until his return timeline becomes clearer.