Newgen Software Appoints Promoter Group Member Shubhi Nigam as Additional Director

Newgen Software Technologies Limited (NSE: NEWGEN) has announced the appointment of Ms. Shubhi Nigam as an Additional Non-Executive Non-Independent Director, effective November 26, 2025. This move adds a new member from the promoter group to the company's board.

Key Appointment Details

Aspect	Details
Appointee	Ms. Shubhi Nigam
Position	Additional Non-Executive Non-Independent Director
Effective Date	November 26, 2025
Relationship	Daughter of Chairman & Managing Director Diwakar Nigam
Appointment Process	Board approval on November 26, 2025
Shareholder Approval	To be sought through postal ballot

Compensation Structure

Component	Amount
Sitting Fee	Rs. 1,00,000 per board/committee meeting
Additional Benefits	Potential commission on net profits (subject to board determination)

About Ms. Shubhi Nigam

Ms. Shubhi Nigam brings experience 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

Company Performance Context

Newgen Software's recent financial performance:

Metric	FY 2025 (in Rs. 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 has shown growth across key financial metrics, providing a foundation for its evolving leadership structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.12%	-3.09%	-0.42%	-28.92%	-21.91%	+233.52%

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.