Disruption30 Jun 2026, 11:47 am
Newgen CMD Indisposed for Over 45 Days
AI Summary
Newgen Software Technologies Ltd announced that its Chairman & Managing Director, Mr. Diwakar Nigam, has been indisposed and unavailable to discharge his duties regularly for over 45 days in a rolling 90-day period due to pneumonitis. He was hospitalized intermittently from May to June 2026. Despite his extended absence, Mr. Nigam has participated in crucial meetings and decision-making. The company assures business continuity with existing Whole-time Directors managing operations. This disclosure is made due to the nature and duration of his unavailability.
Key Highlights
- CMD Mr. Diwakar Nigam unavailable for over 45 days due to health issues.
- Pneumonitis-related health issues led to hospitalization and extended absence.
- Business operations continue uninterrupted with existing directors.
- Disclosure made due to duration and nature of CMD's unavailability.
Price Impact
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