Newgen Software Secures a Major Agreement with a USA-Based Client
Date: 26th February 2025
Newgen Software Technologies Limited, a leading provider of digital transformation solutions, has announced a significant milestone. Its material subsidiary, Newgen Software Inc. (NSI), incorporated in the USA, has successfully executed a Statement of Work (SoW) with a USA-based client. The total value of this agreement for the initial three years amounts to USD 1,930,147.
Key Highlights of the Agreement
As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of the agreement are as follows:
1. International Recognition: The agreement has been awarded by an international entity, showcasing Newgen’s expanding global footprint.
2. Contract Duration: The initial tenure of the contract is three years, ensuring long-term collaboration.
3. No Related Party Transaction: Newgen confirms that neither the promoter nor the promoter group has any interest in the awarding entity, maintaining transparency and compliance with the Companies Act, 2013.
Impact of the Agreement
This new development signifies Newgen’s continued growth and trust in the global market. Securing a contract of this magnitude not only strengthens its presence in the USA but also reinforces its commitment to delivering cutting-edge enterprise solutions.
Regulatory Compliance and Disclosure
The company has duly complied with SEBI’s disclosure requirements, ensuring stakeholders are informed about this material event. The official disclosure was made to both BSE Limited and the National Stock Exchange of India Limited (NSE).
Date of Occurrence of the Event: 26th February 2025
Time of Occurrence: 8:50 P.M. (IST)
This latest agreement highlights Newgen’s growing influence in the global IT landscape and its ability to secure high-value contracts. Investors and stakeholders can look forward to sustained growth and further expansion in international markets.
Stay tuned for more updates on Newgen Software’s journey towards global excellence!
Good development
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