NEWGEN SOFTWARE TECHNOLOGIES LTD.
NSE : NEWGENBSE : 540900ISIN
CODE : INE619B01017Industry : IT - SoftwareHouse
: MNC
BSE985.60-10.65 (-1.07 % )
PREV CLOSE (Rs.) 996.25
OPEN PRICE (Rs.) 1001.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4545
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE986.50 -9.65 (-0.97 % )
PREV CLOSE(Rs.) 996.15
OPEN PRICE (Rs.) 996.15
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 986.50 (9 )
VOLUME 17937
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 14-May-2024 | Newgen Software features in Gartner Market Guide report | <p style="text-align: justify;">Newgen Software Technologies has been named in the Gartner Market Guide for Commercial Banking Cash Management and Trade Finance Solutions, 2023 report. Gartner describes global banking cash management and trade finance solutions as ‘capabilities that support end-to-end business and product processes, a consistent operating model, and client services in the corporate treasury and working capital domains.' The report will help CIOs of the banks to gain insights into the vendor solutions available in the market.</p><p style="text-align: justify;">Newgen's Trade Finance Solution, built on the NewgenONE low-code platform, offers transaction origination, transaction processing, and document management capabilities. The Swift-Compatible Solution enables commercial banks to comply with the latest Swift standards and enriches the journey orchestration for both customers and internal bank users.</p><p style="text-align: justify;">Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.</p><div style="text-align: justify;"><br></div> |
| 07-May-2024 | Newgen Software Technologies informs about earnings call transcript | <div style="text-align: justify;">As intimated earlier through letter dated 24th April 2024 regarding the Conference Call of the Company, which was held on Tuesday, 30th April 2024 at 4:00 PM (IST), Newgen Software Technologies has enclosed a copy of the transcript of the said call with the Investors/ Analysts. The transcript of the said call shall be made available at the website of the Company under the URL https://newgensoft.com.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 02-May-2024 | Increase The ESOP Pool Size Under Newgen Software Technologies Limited Employee Stock Option Scheme-2022 | Attached disclosure for increase the ESOP Pool size under Newgen Software Technologies Limited Employees Stock Option Scheme -2022 |
| 02-May-2024 | Re-Appointment Of Secretarial Auditors Of The Company | Enclosed disclosure for Re-appointment of Secretarial Auditors of the Company |
| 30-Apr-2024 | Allotment of Equity shares under ESOP | Inter alia, approved:- 1. Recommended a final dividend of Rs. 4/- (four) per equity share (on face value of Rs. 10/- each on the expanded capital base post bonus issue of 1:1) i.e. 40% on a face value of Rs. 10/- per share, for the year ended 31st March 2024 subject to the approval of the Shareholders at the forthcoming Annual General Meeting (?AGM?) of the Company 2. On the recommendation of Nomination & Remuneration Committee, the Board approved increasing the ESOP Pool size of ?Newgen Software Technologies Limited Employee Stock Option Scheme-2022 (?Newgen ESOP Scheme-2022?), from the existing 28,00,000 (TwentyEight Lakhs) equity shares to 42,00,000 (Forty-Two lakhs) equity shares subject to the approval of the Shareholders at the forthcoming AGM of the Company. 3. On the recommendation of Nomination & Remuneration Committee, the Board approved the grant of 1,91,400 options under the Newgen ESOP Scheme -2022 to its identified employees. 4. Re-appointment of Executive Directors 5. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mr. Diwakar Nigam (DIN: 00263222) as Chairman & Managing Director of the Company for a further period of 5 (Five) years effective from 1st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. 6. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mr. T.S. Varadarajan (DIN: 00263115) as Whole-time Director of the Company for a further period of 5 (Five) years effective from 1st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. 7. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mrs. Priyadarshini Nigam (DIN: 00267100) as Whole-time Director of the Company for a further period of 5 (Five) years effective from 01st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. Mr. Diwakar Nigam and Mrs. Priyadarshini Nigam are related to each other. Mrs. Priyadarshini Nigam, Whole-time Director of the Company, is the spouse of Mr. Diwakar Nigam, Chairman & Managing Director of the Company. Re-appointment of Internal & Secretarial Auditors 8. On the recommendation of Audit Committee, the Board of Directors of the Company at its meeting has inter-alia approved: - (a) Re-appointment of PricewaterhouseCoopers Services LLP (LLPIN (Registration Number): AAI-8885) for conducting an Internal Audit of the Company for the Financial year 2024-2025. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II (b) Re-appointment of M/s Aijaz & Associates, Practicing Company Secretaries (C.P. No. 7040), for conducting Secretarial Auditor of the Company for the Financial Year 2024-2025. |
| 30-Apr-2024 | Conversion of Stock Option | Inter alia, approved:- 1. Recommended a final dividend of Rs. 4/- (four) per equity share (on face value of Rs. 10/- each on the expanded capital base post bonus issue of 1:1) i.e. 40% on a face value of Rs. 10/- per share, for the year ended 31st March 2024 subject to the approval of the Shareholders at the forthcoming Annual General Meeting (?AGM?) of the Company 2. On the recommendation of Nomination & Remuneration Committee, the Board approved increasing the ESOP Pool size of ?Newgen Software Technologies Limited Employee Stock Option Scheme-2022 (?Newgen ESOP Scheme-2022?), from the existing 28,00,000 (TwentyEight Lakhs) equity shares to 42,00,000 (Forty-Two lakhs) equity shares subject to the approval of the Shareholders at the forthcoming AGM of the Company. 3. On the recommendation of Nomination & Remuneration Committee, the Board approved the grant of 1,91,400 options under the Newgen ESOP Scheme -2022 to its identified employees. 4. Re-appointment of Executive Directors 5. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mr. Diwakar Nigam (DIN: 00263222) as Chairman & Managing Director of the Company for a further period of 5 (Five) years effective from 1st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. 6. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mr. T.S. Varadarajan (DIN: 00263115) as Whole-time Director of the Company for a further period of 5 (Five) years effective from 1st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. 7. On the recommendation of Nomination & Remuneration Committee, the Board approved the re-appointment and payment of remuneration of Mrs. Priyadarshini Nigam (DIN: 00267100) as Whole-time Director of the Company for a further period of 5 (Five) years effective from 01st June 2024 to 31st May 2029, subject to the approval of the Shareholders at the forthcoming AGM of the Company. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II. Mr. Diwakar Nigam and Mrs. Priyadarshini Nigam are related to each other. Mrs. Priyadarshini Nigam, Whole-time Director of the Company, is the spouse of Mr. Diwakar Nigam, Chairman & Managing Director of the Company. Re-appointment of Internal & Secretarial Auditors 8. On the recommendation of Audit Committee, the Board of Directors of the Company at its meeting has inter-alia approved: - (a) Re-appointment of PricewaterhouseCoopers Services LLP (LLPIN (Registration Number): AAI-8885) for conducting an Internal Audit of the Company for the Financial year 2024-2025. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II (b) Re-appointment of M/s Aijaz & Associates, Practicing Company Secretaries (C.P. No. 7040), for conducting Secretarial Auditor of the Company for the Financial Year 2024-2025. |
| 22-Apr-2024 | Conversion of Stock Option | Final Dividend & Employees Stock Option Plan & Audited Results |
| 22-Apr-2024 | Dividend Announcement | Final Dividend & Employees Stock Option Plan & Audited Results |
| 21-Mar-2024 | Newgen Software forges transformative partnership with InsureMO | <p style="text-align: justify;">Newgen Software Technologies and InsureMO have formed a transformative partnership, merging Newgen's specialized underwriting and policy administration solutions with InsureMO's cutting-edge insurance platform. The integration promises end-to-end automation, from application to issuance, with AI-led underwriting on NewgenONE low-code platform.</p><p style="text-align: justify;">InsureMO, processing over $25 billion in Gross Written Premium (GWP) annually for 300+ carriers across 40+ countries, offers a comprehensive suite of pre-built products and APIs. InsureMO's capabilities enable rapid product creation and seamless connectivity to major placement platforms like PSC, Ebix, Steadfast and the London market, expanding market reach. This alliance aims to provide speed and flexibility, empowering clients to introduce new products swiftly and adapt to market changes seamlessly.</p><p style="text-align: justify;">Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.</p> |
| 21-Mar-2024 | Newgen Software jumps on forging transformative partnership with InsureMO | <p style="text-align: justify;">Newgen Software Technologies is currently trading at Rs. 735.25, up by 12.70 points or 1.76% from its previous closing of Rs. 722.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 729.20 and has touched a high and low of Rs. 745.00 and Rs. 729.20 respectively. So far 7137 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 900.00 on 17-Jan-2024 and a 52 week low of Rs. 217.53 on 23-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 767.25 and Rs. 688.00 respectively. The current market cap of the company is Rs. 10370.27 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 55.07%, while Institutions and Non-Institutions held 24.95% and 19.98% respectively.</p><p style="text-align: justify;">Newgen Software Technologies and InsureMO have formed a transformative partnership, merging Newgen's specialized underwriting and policy administration solutions with InsureMO's cutting-edge insurance platform. The integration promises end-to-end automation, from application to issuance, with AI-led underwriting on NewgenONE low-code platform.</p><p style="text-align: justify;">InsureMO, processing over $25 billion in Gross Written Premium (GWP) annually for 300+ carriers across 40+ countries, offers a comprehensive suite of pre-built products and APIs. InsureMO's capabilities enable rapid product creation and seamless connectivity to major placement platforms like PSC, Ebix, Steadfast and the London market, expanding market reach. This alliance aims to provide speed and flexibility, empowering clients to introduce new products swiftly and adapt to market changes seamlessly.</p><p style="text-align: justify;">Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.</p><div style="text-align: justify;"><br></div> |
