The company clarified that none of its promoters or promoter group entities have any interest in the awarding authority. It also stated that the contract 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 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 dropped 4.13% to Rs 488.10 on the BSE.