Newgen Software Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 25, 2025
NEWGEN · price
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Newgen Software Technologies has notified the stock exchanges about its 33rd Annual General Meeting scheduled for Friday, July 25, 2025 at 11:00 AM IST, to be conducted via Video Conferencing (VC/OAVM). Key agenda items include adoption of audited standalone and consolidated financial statements for FY 2024-25, declaration of a final dividend of Rs. 5 per equity share (50% on face value of Rs. 10), and re-appointment of Mr. Diwakar Nigam (Chairman & Managing Director) who retires by rotation. The board has also proposed appointing M/s Kundan Agrawal & Associates as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The record date for the dividend is July 18, 2025, and if approved, payment will be made on or before August 20, 2025. Remote e-voting will be open from July 22 to July 24, 2025.
The Rs. 5 per share dividend reflects a steady 50% payout consistent with prior years, offering predictable income for shareholders. The AGM is a routine procedural event, so material stock price reaction is unlikely barring surprises in the management commentary during the meeting.