Newgen Software Lands Significant Purchase Order for Loan Origination and Collections System Implementation
Newgen Software Technologies Limited has secured a substantial purchase order from Annapurna Finance Private Limited. The contract involves the implementation, maintenance, and licensing of a specialized Loan Origination and Collections System.The total value of the contract stands at INR 15,59,20,988 (Rupees Fifteen Crore Fifty-Nine Lacs Twenty Thousand Nine Hundred Eighty-Eight Only).
The order awarded to Newgen Software Technologies Limited details were confirmed on June 29, 2026. The agreement spans a five-year period and covers both perpetual licensing as well as implementation and support services for the system.
Details regarding the contract and counterparty are provided below:
| Parameter | Detail |
|---|---|
| Client Name | Annapurna Finance Private Limited |
| Nature of Service | Implementation and Maintenance of Loan Origination and Collections System |
| Contract Value | INR 15,59,20,988 |
| Counterparty Type | Domestic entity in India |
| Order Terms | License (perpetual), Implementation, and support services |
The transaction is noted to involve no interest from the promoter or promoter group of Newgen Software Technologies Limited. This contract represents a key business award for Newgen as it delivers solutions critical to the financial sector.
NEWGEN Stock Price Movement
Shares of Newgen Software Technologies Limited slipped in post-market trading today, shedding 1.29% to close at ₹468.25. The decline saw the equity touch its day low of ₹465 during the session, with total traded volume recorded at 565,673 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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