Deals1 Apr 2025, 04:59 pm
Newgen Software Technologies Ltd Subsidiary Secures USD 1.675 Million Contracts
AI Summary
Newgen Software Technologies Ltd announced that its wholly owned subsidiary, Newgen Software Inc. (NSI), has executed two Statement of Work (SOW) with a customer. The total value of these contracts is USD 1,675,000. These contracts do not fall under the definition of a related party transaction as per the Companies Act, 2013. The contracts are to be executed by March 2025 (USA) and April 2025 (India).
Key Highlights
- Newgen Software Inc. (NSI) has secured two Statement of Work (SOW) contracts worth USD 1,675,000.
- The contracts are not related party transactions as per the Companies Act, 2013.
- The contracts are to be executed by March 2025 (USA) and April 2025 (India).