StockWatch
·
IT Enabled Services
Board Meeting23 Oct 2026, 01:52 pm

Newgen Software declares Q2 FY27 results, approves amalgamation scheme

AI Summary

Newgen Software Technologies Ltd announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved a Scheme of Arrangement for the amalgamation of its wholly-owned subsidiary, Newgen Computers Technologies Limited, with and into the parent company. The appointed date for the amalgamation is April 1, 2026. The scheme is subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal.

Key Highlights

  • Board approved unaudited standalone and consolidated financial results for Q2 FY27.
  • Scheme of Arrangement for amalgamation of subsidiary approved.
  • Appointed date for amalgamation set as April 1, 2026.
  • Scheme requires statutory and regulatory approvals.
  • Results and scheme details enclosed as annexures.