Deals1 Jan 2025, 02:49 am
Newgen Software Technologies Pte. Ltd. Receives Intent for SGD 17.47 Million Project
AI Summary
Newgen Software Technologies Pte. Ltd., a wholly owned subsidiary of Newgen Software Technologies Ltd., has received an intent from a customer to engage the subsidiary for the Knowledge and Records Management System (KRMS). The aggregate value of the project purchase order is SGD 17,47,298/-. This transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013. The project is to be executed over a period of 4.5 years, with the expected completion date being December 2024.
Key Highlights
- Newgen Software Technologies Pte. Ltd. has received an intent for a SGD 17.47 million project.
- The project is for the Knowledge and Records Management System (KRMS).
- The project is expected to be executed over a period of 4.5 years.
- The expected completion date of the project is December 2024.
- This transaction does not fall under the definition of a related party transaction.