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BSR & Associates LLP Chartered Accountants Building No.10,12th Floor , Tower - C , DLF Cyber City , Phase - II , Gurugram - 122 002 , India To Telephone : Fax : +91 124 719 1000 +91 124 235 8613 Board of Directors of Newgen Software Technologies Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Newgen Software Technologies Limited ( “ the Parent ” ) and its subsidiaries ( the Parent and its subsidiaries together referred to as " the Group " ) , for the quarter ended 30 June 2021 ( " the Statement " ) , being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended ( ‘ Listing Regulations ' ) . 2. This Statement , which is the responsibility of the Parent's management and approved by the Parent's Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 " Interim Financial Reporting " ( " Ind AS 34 ” ) , prescribed under Section 133 of the Companies Act , 2013 , and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations . Our responsibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ( SRE ) 2410 " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " , issued by the Institute of Chartered Accountants of India . A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly , we do not express an audit opinion . We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 ( 8 ) of the Listing Regulations , to the extent applicable . 4. The Statement includes the results of the following entities : Parent Entity a ) Newgen Software Technologies Limited Subsidiaries a ) Newgen Software Inc. b ) Newgen Computers Technologies Limited c ) Newgen Software Technologies PTE Ltd. d ) Newgen Software Technologies UK Ltd. e ) Newgen Software Technologies Canada Ltd. f ) Newgen Software Technologies PTY Ltd. 5. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the BSR & Associates ( a partnership firm with Registration No. BA69226 ) converted into BSR & Associates LLP ( a Limited Liability Partnership with LLP Registration No. AAB - 8182 ) with effect from October 14 , 2013 Principal Office : 14th Floor , Central B Wing and North C Wing , Nesco IT Park 4 , Nesco Center , Western Express Highway , Goregaon ( East ) , Mumbai - 400063