Deals3 Dec 2025, 05:37 pm
Newgen Software Technologies Ltd. Secures Loan Management System Order Worth INR 13.99 Crores
AI Summary
Newgen Software Technologies Ltd. has disclosed a material order received from a customer for a Loan Management System, amounting to INR 13,99,71,944. The order is significant as it does not fall under the related party transaction definition, and the promoter/promoter group/group companies do not have any interest in the entity that awarded the order. The order is to be executed within 5 years from the date of supply of the license. This information is provided as per BSE and NSE circulars dated July 14, 2023.
Key Highlights
- Newgen Software Technologies Ltd. secures a Loan Management System order worth INR 13.99 crores.
- The order does not fall under the related party transaction definition.
- The promoter/promoter group/group companies have no interest in the entity that awarded the order.
- The order is to be executed within 5 years from the date of supply of the license.
- Disclosure made as per BSE and NSE circulars dated July 14, 2023.