This is reference to earlier announcement dated May 12, 2025, and subsequent clarification sought by BSE dated May 19 ,2025. Please find enclosed the revised disclosure.
Awaiting price reaction for this filing.
Newgen Software Technologies has submitted a revised disclosure to BSE about a contract executed by its wholly-owned subsidiary based in Saudi Arabia on May 12, 2025. The contract covers software licenses, Annual Technical Support (ATS), and related services for an international customer. The deal size is USD 1.632 million with a one-year execution period. BSE had sought additional clarifications under SEBI's November 2024 circular, prompting this updated filing. The company confirmed that no promoter group has interest in the awarding entity and the transaction is not a related-party transaction.
This is a small international order worth ~$1.6M, indicating steady business activity from the Saudi subsidiary but unlikely to be material for the stock given the modest size relative to Newgen's overall operations.