Newgen Software Issues Postal Ballot Notice for Shubhi Nigam's Board Appointment

Newgen Software Technologies Limited has issued a postal ballot notice dated December 10, 2025, seeking shareholder approval for Ms. Shubhi Nigam's appointment as Additional Non-Executive Non-Independent Director. The company had earlier announced her appointment effective November 26, 2025, and now requires formal shareholder consent through the e-voting process.

Postal Ballot Notice Details

Parameter:	Details
Notice Date:	December 10, 2025
Resolution Type:	Ordinary Resolution
E-voting Commencement:	December 12, 2025 (9:00 AM IST)
E-voting End:	January 10, 2026 (5:00 PM IST)
Cut-off Date:	December 05, 2025
Service Provider:	KFin Technologies Limited
Scrutinizer:	Mr. Devesh Kumar Vasisht, DPV Associates LLP

Key Appointment Details

Aspect:	Details
Appointee:	Ms. Shubhi Nigam (DIN: 11385232)
Position:	Non-Executive Non-Independent Director
Effective Date:	November 26, 2025
Relationship:	Daughter of Chairman & Managing Director Diwakar Nigam
Board Approval:	November 26, 2025
Promoter Group:	Yes

Compensation Structure

Component:	Amount
Sitting Fee:	₹1,00,000 per board/committee meeting
Additional Benefits:	Potential commission on net profits (subject to board determination)
Expense Reimbursement:	Yes, for meeting attendance

About Ms. Shubhi Nigam

Ms. Shubhi Nigam brings 14 years of experience in product management and AI-driven solutions to Newgen Software's board:

Currently serves as Director of Product at Carta Inc., leading the Limited Partners (LP) Platform
Co-founded Laso Technologies Inc., a YCombinator (W19) AI startup
Previously held roles at Newgen Software as Product Lead Solutions Consultant (2012-2019)
Holds a degree in Computer Science and Economics from the University of Pennsylvania
Actively mentors founders through various programs including Techstars and AWS Impact Accelerator

E-voting Process

The company has engaged KFin Technologies Limited to provide e-voting facilities to all members. Shareholders can cast their votes electronically during the specified period. The results will be declared and communicated to stock exchanges within two working days from the last date of voting.

Company Performance Context

Newgen Software's recent financial performance shows growth across key metrics:

Metric:	FY 2025 (₹ crore)	YoY Change
Total Assets:	2,045.10	+21.26%
Shareholders' Capital:	1,516.40	+23.94%
Current Assets:	1,647.90	+26.18%
Investments:	508.40	+39.29%

The company's strong financial foundation supports its evolving leadership structure as it seeks to strengthen its board with experienced professionals from the technology sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.01%	-1.84%	-9.20%	-30.84%	-44.29%	+209.78%

Newgen Software Technologies Limited , an Indian software company, has announced a significant international deal that could boost its revenue and market presence in the United Kingdom. The company's UK subsidiary has signed a three-year contract worth £1,468,804 (approximately ₹15.4 crore) with a UK-based customer for software licenses and cloud services.

Contract Details

The agreement, executed by Newgen Software Technologies (UK) Limited, a wholly-owned subsidiary of Newgen Software Technologies Limited, encompasses the following:

Parameter	Details
Contract Value	£1,468,804
Duration	3 Years
Services Provided	Newgen Software licenses, AWS Managed Cloud Services, Implementation services
Nature of Contract	Provide Newgen's Contract Management platform for creating and managing Policy Documents
Customer Location	United Kingdom

Significance of the Deal

This contract represents a notable achievement for Newgen Software Technologies, particularly in its international operations. The deal highlights the company's growing presence in the UK market and its ability to secure long-term commitments for its cloud service offerings.

Company's Disclosure

In compliance with regulatory requirements, Newgen Software Technologies Limited has disclosed this material event to the stock exchanges. The company confirmed that the transaction does not fall within the definition of a related party transaction as per the Companies Act, 2013.

Market Implications

This contract signifies a positive development for the company's international growth strategy. It demonstrates Newgen's capability to compete and win significant deals in developed markets, potentially opening doors for further expansion in the UK and other international markets.

Investors and market analysts may monitor how this contract contributes to Newgen's revenue stream and profitability over the next three years, as well as any potential follow-on business it might generate in the UK market.