Recommended a final dividend of Rs. 5 per equity shares subject to approval of shareholders
Awaiting price reaction for this filing.
Newgen Software Technologies' board has recommended a final dividend of Rs. 5 per equity share (50% on face value of Rs. 10) for FY ended 31 March 2025, subject to shareholder approval at the upcoming AGM. The record date for dividend eligibility is fixed at Friday, 18 July 2025, and the 33rd AGM is scheduled for Friday, 25 July 2025 via video conferencing. The board also approved audited standalone and consolidated FY25 results with an unmodified auditor's opinion—consolidated revenue grew about 19.6% YoY to Rs. 1,48,688 lakhs and net profit rose roughly 25.3% to Rs. 31,524 lakhs, taking basic EPS to Rs. 22.53 vs Rs. 18.02 in FY24. Additionally, PwC Services LLP was re-appointed as internal auditor for FY26 and M/s Kundan Agrawal & Associates was appointed as secretarial auditor for five years (FY26–FY30).
Shareholders on the record date will receive the Rs. 5 dividend, providing a modest cash return, while the strong revenue and profit growth along with a clean audit opinion reflect solid financial performance likely to support positive sentiment around the stock.