Newgen Software Technologies Limited promoter T.S. Varadarajan has confirmed that he and Persons Acting in Concert (PACs) did not create any encumbrance on the company's equity shares during the financial year ended March 31, 2026. The disclosure, submitted to BSE and NSE, provides assurance to shareholders regarding the unencumbered status of the promoter's holdings for FY26.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates periodic disclosures by promoters regarding the status of their shareholding to ensure transparency in the market.

Varadarajan clarified that the confirmation covers both direct and indirect holdings, excluding any encumbrances that had already been disclosed to the exchanges prior to this communication. The filing was addressed to the stock exchanges on April 6, 2026.

The disclosure was copied to the Audit Committee of Newgen Software Technologies Limited for their records and information. The confirmation serves as a formal compliance update regarding the promoter's financial commitments related to the company's equity.

Key Disclosure Details

Newgen Software Technologies has secured a new international contract valued at GBP £1,125,608 (approximately ₹14.47 Crores), awarded to its wholly owned UK subsidiary, Newgen Software Technologies (UK) Limited. The contract was executed through a Statement of Work (SOW) with an overseas entity situated in the United Kingdom, with the customer's name withheld due to confidentiality reasons. This latest win reinforces the company's growing presence in international markets.

Contract Details

The following table summarizes the key parameters of the newly secured contract as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Nature of Engagement

The contract covers the deployment of Newgen's Enterprise Content Management platform across the customer's organisation. The scope includes software licences provided on cloud, along with implementation and migration services, to be delivered over a period of 3.5 years. The company has confirmed that this transaction does not constitute a related party transaction under the provisions of the Companies Act, 2013, and that no promoter, promoter group, or group companies hold any interest in the awarding entity.

The material event was disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and occurred on 06th May 2026 at 05:20 PM (IST). This contract win underscores Newgen Software Technologies' continued ability to secure international business engagements and expand its enterprise software footprint in the United Kingdom.