Newgen Software Inc. secures US statement of work

Newgen Software Technologies announced that its U.S.-based material subsidiary, Newgen Software Inc. (NSI), has executed a Statement of Work (SoW) with a client located in the United States. The agreement's aggregate value is estimated at USD 1,930,147 over the initial three-year period. This development qualifies as a material event requiring disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the transaction does not fall under related party provisions. The event occurred on February 26, 2025, and the information was released at 8:50 P.M. (IST).