Newgen Software Technologies Limited Secures Agreement with U.S. Insurance Company
Newgen Software Technologies Limited announced on April 1, 2026, that its U.S. subsidiary, Newgen Software Inc. (NSI), has entered into an agreement with an insurance company based in Illinois, USA. The agreement's total value is US Dollars 1,609,400, equivalent to approximately Indian Rupees 15,11,71,942.The agreement involves an annual fee for software licensing, cloud hosting services, and other service fees. The contract's duration is three years.
The company confirmed that the transaction does not constitute a related party transaction according to the Companies Act, 2013. The event occurred on April 1, 2026, at 03:45 A.M. (IST).
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