Newgen Software Technologies Limited — New Orders, 31-12-2024: Bagging/Receiving of orders/contracts

Newgen Software Technologies Pte. Ltd., a wholly owned subsidiary of Newgen Software Technologies Limited, has received a purchase order valued at SGD 17.47 crore from an international customer for a Knowledge and Records Management System (KRMS). The project is expected to be executed over a period of 4.5 years. Importantly, there are no interests from the promoter group in the entity awarding the contract, ensuring that it is not classified as a related party transaction. This development may positively influence Newgen’s operational outlook, potentially strengthening its position in the international market.