Newgen Software Secures Rs. 16.53 Cr Order for Digital Lending Platform
Filing Summary
Newgen Software Technologies Ltd has received a purchase order valued at Rs. 16.53 crore from a leading Indian bank. The order involves the supply, installation, customization, and maintenance of a digital lending platform over a five-year period. This transaction is not classified as a related party transaction under the Companies Act, 2013. The order was disclosed on December 15, 2025, in compliance with SEBI regulations. The bank’s identity remains confidential. Newgen Software continues to focus on providing digital solutions to enhance operational efficiency for financial institutions.
Newgen Software Technologies Limited has announced the receipt of a purchase order valued at Rs. 16.53 crore from a leading bank in India. The order, disclosed on December 15, 2025, involves the supply, installation, customization, and maintenance of a digital lending platform. The contract is set to be executed over a period of five years.
The order was awarded by a domestic entity, specifically a bank located in India. The identity of the bank has not been disclosed due to confidentiality agreements. The transaction does not fall under the category of related party transactions as per the Companies Act, 2013.
Newgen Software has confirmed that the order aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured compliance with the necessary disclosure requirements as per BSE and NSE circulars dated July 14, 2023.
The digital lending platform project will encompass various stages, including supply, installation, customization, and ongoing maintenance. This comprehensive approach is designed to support the bank’s digital transformation initiatives, enhancing its lending operations through advanced technology solutions.
Newgen Software Technologies Ltd specializes in providing digital transformation solutions to enterprises across various sectors. The company focuses on delivering software products that enhance business processes, improve customer engagement, and drive operational efficiency. Newgen Software continues to expand its footprint in the financial services sector, offering innovative solutions to meet the evolving needs of its clients.