This is to inform you that Newgen Software Inc. (NSI), incorporated in the USA, a material Subsidiary of the Newgen Software Technologies Limited ( the Company ), has entered into a Master Service Agreement with a leading Bank in the Caribbean for supply, installation & implementation of the Newgen Enterprise Content Management System Platform. The aggregate value of the Agreement is US Dollars 1,637,400 (One Million six hundred and thirty seven thousand and four hundred US Dollars).
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Newgen Software's US-based material subsidiary, Newgen Software Inc. (NSI), has signed a Master Service Agreement with a leading bank in the Caribbean region. The deal covers supply, installation, and implementation of Newgen's Enterprise Content Management System (ECM) platform. The total contract value is USD 1,637,400 (approximately ₹13.6 crore). This adds to the company's international order book through its US subsidiary.
A modest-sized win that strengthens Newgen's presence in the Caribbean banking sector but is not large enough on its own to materially move the stock. It signals continued demand for the company's ECM platform in global financial services.