Please find enclosed revised disclosure of material event/information with reference our earlier disclosure dated on 12 May 2025
Awaiting price reaction for this filing.
Newgen Software Technologies has filed a revised disclosure (originally dated 12 May 2025) clarifying details of a contract executed by its wholly-owned Saudi Arabian subsidiary. The contract is an international order covering a Master Service Agreement, Annual Technical Support and End User License Agreement, to be executed over 1 year. The total value of the contract is USD 1.632 million (roughly ₹13.6 crore). The company has confirmed that the customer has no connection to the promoter or promoter group, and that this is not a related party transaction. The revised filing was made at the request of NSE to provide additional details as per SEBI's July 13, 2023 circular.
This is a modest-sized international software deal (USD 1.63 Mn) that reinforces the company's overseas expansion but is unlikely to move the stock significantly on its own. The revision is purely procedural and does not change the underlying business event.