Virender Jeet Resigns as Chief Executive Officer of Newgen Software Technologies
Newgen Software Technologies Ltd has confirmed that Mr. Virender Jeet, currently serving as the Chief Executive Officer and a Key Managerial Personnel, has tendered his resignation from the company. The departure is attributed to personal and professional reasons.The resignation announcement, dated June 9, 2026, specified that Mr. Jeet’s last working day with the company will be August 31, 2026.
During his tenure at Newgen Software Technologies Ltd, Mr. Jeet stated his commitment to ensuring an orderly and efficient transition of all duties and responsibilities. He assured the Board of Directors that he would provide complete cooperation throughout the handover process. Furthermore, he confirmed that he will return all Company assets, documents, data, and confidential information in his possession or control.
The key details regarding the change are summarized below:
| Detail | Information |
|---|---|
| Person | Mr. Virender Jeet |
| Role | Chief Executive Officer (Key Managerial Personnel) |
| Date of Resignation | June 9, 2026 |
| Cessation Date | August 31, 2026 |
| Reason | Personal and professional reasons |
Mr. Jeet extended gratitude to the Board, employees, shareholders, customers, and other stakeholders for their support during his time with Newgen Software Technologies Ltd. He also requested the Board to formally accept the resignation and confirm the cessation of his responsibilities, authority, and obligations associated with the office of Chief Executive Officer from the specified date.
NEWGEN Stock Price Movement
Today, Newgen Software Technologies Limited saw its stock edged higher, concluding the day with shares trading at ₹487.35 after gaining 2.66%. The company traded within a tight intraday range, reaching a low of ₹476.9 and a high of ₹492 amid 650,729 shares changing hands.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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