The agreement covers the implementation and licensing of software solutions, including Corporate Finance Origination Solution (Islamic), Retail Finance Origination Solution (Islamic), and a Customer Communication Management System. The identity of the bank has not been disclosed due to confidentiality obligations.
The contract is expected to be executed within a period of two years.
The company clarified that its promoters and promoter group entities have no interest in the awarding authority, and the deal does not qualify as a related-party transaction under applicable regulatory norms.
Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging.
The company’s consolidated net profit declined 23.16% to Rs 62.81 crore on a 0.13% fall in revenue from operations to Rs 400.27 crore in Q3 FY26 over Q2 FY26. On a year-on-year (YoY) basis, the company’s consolidated net profit declined 29.43% while revenue from operations jumped 5.03% in Q3 FY26.
The counter rose 0.35% to Rs 443.50 on the BSE.