Newgen Software Secures $1.5M Contract for Digital Platform

Newgen Software Technologies Limited has disclosed a material order through its subsidiary, Newgen Software Inc., based in the USA. On March 3, 2026, the company entered into a Master Service Agreement with an insurance company located in the Caribbean. The agreement is for the supply, installation, and implementation of the NewgenONE Digital Transformation Platform.

The total value of the contract is USD 1,495,000, which is approximately INR 13.77 crore. The project is scheduled to be completed over a period of three years. The nature of the contract includes licensing, implementation, and annual maintenance and support services.

The name of the customer has been withheld due to confidentiality reasons. The contract was awarded by an international entity, and there is no interest from the promoter or promoter group in the entity that awarded the contract. This transaction does not qualify as a related party transaction under the Companies Act, 2013.

The occurrence of this event was recorded on March 3, 2026, at 09:08 PM IST. The details of this transaction have been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from BSE and NSE dated July 14, 2023.

Newgen Software Technologies Limited is a provider of digital transformation platforms with a focus on process automation, content services, and communication management. The company aims to enhance operational efficiency and customer engagement through its innovative solutions.