Newgen Software Technologies Limited has announced a senior management change with the retirement of Mr. Manojit Majumdar from his position as Vice President-Channel Sales. The company disclosed this information to stock exchanges in compliance with regulatory requirements on February 27th, 2026.

Senior Management Retirement Details

The retirement announcement covers the following key aspects:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was formally communicated to both major stock exchanges where the company's shares are listed.

Key regulatory aspects include:

• Notification sent to BSE Limited and National Stock Exchange of India Limited
• Compliance with SEBI Master Circular requirements
• Proper documentation through Company Secretary Aman Mourya
• Digital signing and timestamping of official documents

Documentation Process

Since the cessation is categorized as retirement due to superannuation, the company noted that the standard requirement of a resignation letter is not applicable in this case. The formal disclosure includes all prescribed details under the SEBI regulations, ensuring complete transparency for stakeholders and investors.

The announcement represents a routine senior management transition within the organization's natural course of business operations, handled through proper corporate governance protocols and regulatory compliance procedures.

Newgen software technologies Ltd has secured a substantial contract with the UAE government, highlighting the company's expanding footprint in the Middle East region. The three-year agreement represents a significant business development for the Indian software solutions provider.

Contract Details

The comprehensive deal encompasses both software licensing and ongoing support services, structured over a three-year implementation period.

Strategic Significance

This contract win demonstrates Newgen Software Technologies' ability to secure high-value government contracts in international markets. The UAE government's selection of Newgen's solutions reflects confidence in the company's technology platform and service delivery capabilities.

The deal strengthens Newgen's position in the Middle East market, where government digitization initiatives continue to drive demand for enterprise software solutions. The three-year duration provides revenue visibility and establishes a foundation for potential future expansions within the UAE public sector.

Business Impact

The AED 5.31 million contract adds to Newgen's international revenue stream and supports the company's growth strategy in key overseas markets. Government contracts typically offer stable, long-term revenue opportunities with potential for renewal and expansion based on successful implementation and service delivery.