New Delhi, March 4, 2026 – Newgen Software Technologies Limited (NSE: NEWGEN | BSE: 540900) has announced that its U.S.-incorporated material subsidiary, Newgen Software Inc. (NSI), has entered into a Master Service Agreement with an insurance company based in the Caribbean for the deployment of its NewgenONE Digital Transformation Platform.
The aggregate contract value stands at US$1,495,000, equivalent to approximately ₹13.77 crore, to be executed over a period of three years.
Contract Overview
The agreement entails the supply, installation, and implementation of the NewgenONE Digital Transformation Platform. The scope includes software licensing, implementation services, and annual maintenance and support services.| Particulars | Details |
|---|---|
| Contract Value | US$ 1,495,000 |
| INR Equivalent | ₹13.77 crore |
| Nature of Contract | License, Implementation, Annual Maintenance & Support |
| Execution Period | 3 Years |
| Customer Location | Caribbean |
| Type of Entity | International Insurance Company |
Corporate Governance Confirmation
The company has confirmed that neither its promoters nor group companies have any interest in the overseas customer awarding the contract. Additionally, the transaction does not qualify as a related party transaction.Market Snapshot
As of 9:52 a.m. IST on March 4, 2026, shares of Newgen Software were trading at ₹490.30, up ₹2.50 or 0.51 percent from the previous close of ₹487.80. The stock recorded an intraday high of ₹496.40 and a low of ₹479.20, with a VWAP of ₹489.04.Source:
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