Newgen Software Technologies Limited has disclosed a material contract secured by its US subsidiary, marking a significant business development in the American insurance sector. The company announced on April 1st, 2026, that Newgen Software Inc. (NSI), its material subsidiary incorporated in the USA, has entered into an agreement with an insurance company located in Illinois.

Contract Details and Financial Impact

The agreement carries substantial financial value for the technology services provider. Key contract parameters are outlined below:

The customer's identity has been withheld due to confidentiality requirements, though the company confirmed the client operates internationally with offices across the world.

Service Scope and Nature

The contract encompasses multiple service components that demonstrate Newgen Software's comprehensive technology offerings:

• Annual software license fees
• Cloud hosting services
• Professional service fees
• Ongoing support and maintenance

These services align with Newgen Software's core competencies in digital transformation and business process management solutions for the financial services sector.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this transaction does not constitute a related party transaction under the Companies Act, 2013 provisions.

The agreement was formally executed on April 1st, 2026, at 03:45 AM IST, with the disclosure filed on the same day.

Strategic Significance

This contract represents continued international expansion for Newgen Software Technologies, particularly in the lucrative US insurance market. The three-year duration provides revenue visibility and strengthens the company's presence in the American financial services technology sector. The agreement demonstrates the company's ability to secure substantial contracts through its overseas subsidiaries while maintaining compliance with Indian regulatory requirements.

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.