Newgen Software Technologies Limited has informed the Exchange about the Judgement passed by Investment and Trade Court in Qatar.

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NEWGEN · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.1%-0.4% vs market

Computers - Software & Consulting peers, median of 61sector+0.5%+0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and 0.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Newgen Software Technologies has received an adverse judgement from the Investment and Trade Court in Qatar, dated September 29, 2025, related to alleged deficiencies and delays in delivery of a project to a customer. The court has directed the company to pay USD 1,370,000 (approximately ₹11.4 crore) plus QAR 200,000 (approximately ₹4.6 crore) as compensation for damages, along with court costs. The total financial liability is around ₹16 crore. The company is evaluating legal remedies and plans to defend its position through a review petition or appeal. Newgen has clarified that, apart from this financial hit, there is no material impact on its business or operations.

Likely market impact

This is a one-time legal setback with a combined liability of roughly ₹16 crore, which is relatively modest for a company of Newgen's size. The stock may see a mild negative reaction in the short term, but the company's stated plan to appeal and its claim of no material operational impact should limit longer-term damage.