Newgen Software Technologies Limited has secured a major international contract worth RM 6,750,000 from a leading Malaysian bank for its Retail Loan Origination Solution. The company disclosed this material development through a regulatory filing dated 31st March 2026, highlighting its expanding footprint in the Southeast Asian banking technology sector.

Order Details and Scope

The comprehensive contract encompasses multiple components designed to modernize the Malaysian bank's retail lending operations. The solution includes software licensing, implementation services, cloud hosting infrastructure, and ongoing support services.

Contract Specifications

The awarded contract focuses on delivering a complete retail loan origination platform that will enable the Malaysian bank to streamline its lending processes. The solution is designed to handle the entire loan lifecycle from application processing to approval and disbursement.

Key components of the engagement include:

• Software license for the loan origination platform
• Complete implementation and deployment services
• Cloud hosting infrastructure and management
• Comprehensive support and maintenance services

International Expansion Strategy

This contract represents a significant milestone in Newgen Software Technologies' international expansion efforts, particularly in the Malaysian banking sector. The company has maintained client confidentiality by not disclosing the specific name of the awarding bank, citing confidentiality agreements.

The 5-year contract duration provides Newgen with a stable revenue stream and establishes a long-term partnership with a prominent financial institution in Malaysia. This engagement demonstrates the company's capability to deliver complex banking solutions in international markets.

Regulatory Compliance

The company has confirmed that this transaction does not constitute a related party transaction under the provisions of the Companies Act, 2013. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.

Newgen Software Technologies Limited has announced a major international contract win, with its Dubai-based wholly owned subsidiary securing a USD 2.22 million deal from a leading bank in Kuwait. The agreement was executed on 15th March 2026, marking a significant milestone in the company's Middle Eastern operations.

Contract Details and Scope

The comprehensive agreement encompasses software license, implementation and product software support services. The contract details reveal a sophisticated banking technology deployment spanning multiple Islamic banking solutions.

Technology Solutions Portfolio

The contract involves deployment of three key technology solutions tailored for Islamic banking operations. The solutions include Corporate Finance Origination Solution (Islamic), Retail Finance Origination Solution (Islamic), and Customer Communication Management System. These specialized products demonstrate Newgen's capability in serving the unique requirements of Islamic banking institutions.

Regulatory Compliance and Disclosure

The company has confirmed full compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not constitute a related party transaction as defined under the Companies Act, 2013, with no promoter or group company interests in the contracting entity.

Strategic Significance

This contract represents Newgen's continued expansion in international markets, particularly in the Middle Eastern banking sector. The 2-year execution timeline provides sustained revenue visibility while strengthening the company's presence in Kuwait's financial services market. The deal showcases Newgen's specialized expertise in Islamic banking technology solutions, positioning the company for potential future opportunities in the region.