Newgen Software Technologies Limited — Board Meeting, 20-01-2025: Outcome of Board Meeting

The Board of Directors of Newgen Software Technologies Limited convened to approve the unaudited financial results for the quarter and nine months ending December 31, 2024. The total income reached ₹ 98,736.81 Cr, while expenses amounted to ₹ 84,575.03 Cr, resulting in a profit before tax of ₹ 14,161.78 Cr. Notably, the board also decided to issue 3,93,385 equity shares under the Newgen ESOP Scheme-2022 and 9,40,000 equity shares under the Newgen RSU Scheme 2021. Additionally, shareholders will be asked to approve the re-appointment of Mrs. Padmaja Krishnan as a Non-Executive Independent Director for five years, along with the granting of 73,050 options under the ESOP scheme to identified employees.