Interim report
Page 1
Newgen Software Technologies Limited CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963 Date: October 23, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra- Kurla Complex Bandra (E), Mumbai – 400051 Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) Scrip Code – 540900 Ref.: Newgen Software Technologies Limited (NEWGEN/INE619B01017) Sub.: Outcome of the Board Meeting held on October 23, 2026 Ref.: (i) Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 (ii) Regulation 3 0 & 37 of Listing Regulations - Approval of the Scheme of Arrangement for Amalgamation of Newgen Computers Technologies Limited (“Transferor Company”) with and into Newgen Software Technologies Limited (“Transferee Company” / “the Company”) and their respective shareholders and creditors (“Scheme”/ “Scheme of Arrangement”) Dear Sir/ Ma'am, This is to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, October 23, 2026 which commenced at 01:04 P.M. and concluded at 01:30 P.M. has inter-alia: Financial Results 1. Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Accordingly, pursuant to Regulation 33 of SEBI Listing Regulations, we are enclosing herewith the above-mentioned Financial Results along with Limited review reports as “Annexure-I”. Scheme of Arrangement for amalgamation 2. Approved the Scheme of Arrangement for amalgamation of Newgen Computers Technologies Limited (“Transferor Company ,”), a Wholly owned subsidiary, with and into Newgen Software Technologies Limited (“Transferee Company” / “ the Company”) and their respective shareholders and creditors (“Scheme”/ “Scheme of Arrangement”), under the provisions of section 230 - 232 and other applicable provisions of the Companies Act, 2013 read with the Rules made thereunder. The Appointed Date for the Scheme shall be as defined under the Scheme, i.e. April 1, 2026. In terms of Regulation 37(6) of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023, as the Transferor Company is a wholly-owned subsidiary of the Transferee Company, the Company is not required to obtain 'No Objection Letter' on the Scheme from the stock exchanges on which equity shares of the Company are listed. Further, the Scheme is subject to the necessary statutory and regulatory approvals including from the (i ) shareholders and creditors (as may be required and/or to the extent not dispensed with by the relevant authorities); (ii) Hon’ble National Company Law Tribunal; and (iii) any other approvals, as may be required. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as “Annexure-II”.
Page 2
Newgen Software Technologies Limited CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963 The details as required under Regulation 30 of SEBI Listing Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026 are enclosed as ‘ Annexure-I’ and ‘Annexure-II’, respectively. The above information will be made available on the Company’s website at https://newgensoft.com. This is for your kind information and record. Thanking you. For Newgen Software Technologies Limited Aman Mourya Company Secretary & Head Legal Encl.: a/a
Page 3
Walker Chandiok &_Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase II. Gurugram - 122 002 Haryana. India T+91124d/328099 F +91 124 462 8::101 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Newgen Software Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Newgen Software Technologies Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Newgen Software Technologies Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 1 April 2026 to 30 September 2026 being submitted by the Holding Company 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 Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the Iecognition 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 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulatior1s. 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 the Standards on Auditing specified under section 143(10) of the Act, 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. Vi'• ..-Cl»,_ & Co lLP Is t'9fl"<od ... 111 "'-ttd lilb,..aty � kif� llUfflber AAC-2Ca$ >nd its ngilMt<I olliu >! l..!1 Conr\lUljl'ol C"wc;n. N,w � 11000Und-1
Page 4
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Newgen Software Technologies Limited pursu·ant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP r ts 001076N/N500013 rship No. 507429 2"S0142.. 9C.N W UJ3� !, 75 Place New Delhi Date 23 October 2026 Chartered Accountants
Page 5
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Newgen Software Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) Annexure 1 List of entities included in the Stateme.nt Holding Company Newgen Software Technologies Limited Subsidiary companies 1. Newgen Software Inc. 2. Newgen Computers Technologies Limited 3. Newgen Software Technologies PTE. Ltd. 4. Newgen Software Technologies (UK) Limited 5. Newgen Software Technologies Canada, Ltd. 6. Newgen Software Technologies Pty Ltd 7. Newgen Software Technologies LLC 8. Newgen Software Technologies Company Limited Chartered Accountants
Page 6
Walker Chandiok &_Co LLP Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda l\larg. DLF Phase II. Gurugram - 122 002 Haryana, India T +91 124 462 80D9 F +91124 462 8001 Independent Auditor's Review Report on Standalone Una·udited Quarterly Financial Results and Year to Date Results of the Newgen Software Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Newgen Software Technologies Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Newgen Software Technologies Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, - which is the responsibility of the Company's management and approved by the Company'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 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of 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 the Standards on Auditing specified under section 143(10) of the Act, 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. ,c' Chltttnd'�• �In�� 0-..L Gunlgnlm, Hydo<M»C!. llodli. Kolutl. Mumt>ol. Ntw o.lhi. NoilSo >nd �
Page 7
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year-to Date Results of the Newgen Software Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Iker Chan • k & Co LLP ts 001076N/N500013 Place: New Delhi Date: 23 October 2026 Chartered Accountants,
Page 8
I t?!f newgen Sta.temcnl of Con<nlldat ed Financial Re,ults of Newgen Software Tcchnolr.gies Limited Pa11iculars � I JI ill IV V VI VII VIII L\'. X XI XII XIII XIV xv lnrnrne Revenue frnrn opac1ltv11s. Other in..,,,me Total income E:-:prncc..� Empll') ee bencfirc: e'\.rc:n�s fj11on1..e n ... ,c Depreda!ifitl and am.-,1 ti,dtit,n e-,pc:n".C"S Other e,1,r:n�s Total exptn:n·s Pr�fit before exceptional items and tax Exceptfonal items Impact ofLab,,tir CnJcs Ptovi-.inn for kg.al clatni Profit before tax Tax exµerue CUtre1,t t�\: D,fem-d tax (c•oJit) / chruge Total tax exptuse Net profit for the period/ year Other cnmprthc-mive inrume for the period / year lte111s that will not be recla«ified suh•equenlly to profit or l011.5 Rc•mt�11rcncnt g3i11/(l.,.-..i.s.cs) on definc:d bC!'<fil pld_ns h1'-,,r,1t tax rel;:iti.og to item, that wiU not be reda,.-.i�cd to ph,fit or Jr,:..;; Net other comr>rchrn..:ive iuromc not to be recla�...:ified sub,tqueully to profit or loss Items that will be recl•«ified sub<eq_ucnlly to prom or Joe< Dtht in,trumenl< thr� ,ogh other C.0111prthe.n-.ive i.ncvmc • net change in fair value IJ11..1"lme t11x relating to items th"t will be n:1.,li,,ilied to ph,fit or lo:,.S E,d1ctngc difTcren"'cs on lf•1J1iii:l&ti<tn of foreign opctctlit111-: Net other comprchr-nsive inrome to be recla<(iflt<l suh111:equen1ly to1profit or Jo(< Other cnmprehensive income for the period/ year. net of income tax Total comprehensive incnme for the period / year Profit for the period/ year attributable to Shaidwlders of the Comp.ny Non•C\.•ntrulling inrerest Other co1uprt:bt:n!!ive inrome for the period/ year attributahle to �hareh,,lders of the Con,pnny Non• .. ,,ntrc,lling inret�l Total Cflmprehtn,ive: in(nmc for the pedod / year altributahle to Sht1rcholders of the Cnnipa.11y No11•Cl•1\lJ·,.)IH11g int�e.st Paid up equity share capital (face value Rs. 10 each) Other equity Earnings per equity �hare of Rs. 10 each (nnt annuali <ed, e�cepl for the year end) B• ic (in Rs.) Diluted (in Rs.) �a� e �9e,, ..s'o,,, ,, '£ i � -?� t}� "16010·�'"' � for the nuartcr and half \-ear ended 30 Scolemher 2026 Quarter ended 30 Se111emher 30 June 2926 2026 ( Unaudited) (Unaud ited) 42,:2.J 06 35 ,r.r,8.37 1,143 80 '.\ C,27.27 43,367.86 39,29,.64 19,146 64 l 9,(tQ•) 56 9038 86 13 942.88 91(•.63 12,17 2.82 I l.Oli7.76 32,352.72 31 ,084.08 1 1,015 .14 8,211. 56 --- -11 ,015.14 8,211.56 2,R1'4.36 1, 857.31 (557.42i 72.14 2,326.94 1,929.45 8.6RR. 20 6,282.11 32.75 49.13 (11. 44) (17.17) 21.31 31.96 (42.17) (27.SS) 9.82 6.43 3�185 10995 367.50 88.80 38�.Rl 120. 76 9,077.01 6,402.87 8,688.20 6,282. 11 - 8,6R8.20 6,282.11 3�S.8 I 120.76 -3H8 8J 120.?6 9,077.01 6,402.87 - -9,077.01 6,402.87 14,151.29 14,145 ,3 6.16 4.44 6.12 4.4 l (Amount in Ruptt! 1:)khc:) Half year ended Year cn,led 30 Scpt,mher 30 Seplembrr 2025 2026 (Unoudited) (Unaudited) 4r•.079 35 77,892.43 1. 322.30 4,771.07 41,401 65 82,663 .50 18.�,;0. !3 38,156.20 I 18.23 176.51 910 .48 1,%• SI !0,979.27 23,240 58 3Q,86R.1 1 63,436 80 10,533. 54 19,226.70 - -- - 10,.533. 54 19,226.70 2,68153 4,741.67 (322.23) (485.28) 2,359.30 4,256.39 8,174.24 14,970.31 (27.38) 81.88 9.56 (28.61) (17.82) 53.27 (18 .6A) (6'•.75) 4.34 16.25 709.78 509.80 695.46 456.30 677.64 509.57 R,851 &8 15,479 .RS 8,1 74.24 14,970 3 I - -8,1 74.24 14,970.31 677.64 sno 57 - -677.64 509.57 �.8<1.88 15 ,479.88 R,�Sl RR 15,479. RS 14.0�R �0 14,15 1.29 5.82 10 60 5_(,(� 10.53 C,��! U/()� 4]:- cf C'. � 0 t �I * * q, � � � 30 Scplemher 31 March 2025 2026 (Unaud ited) (Audited) 72.144.98 1.57,439 56 4.261.0l 6,700. 83 76,40<, Q9 1,64,140 .39 37,011 .28 74,227.10 240.27 546.?8 1,816.42 3.""9.74 29,3<1,.80 42P5 03 5�,461.77 1,21 ,n6R. �5 16,944.22 43,071 .74 - ,,no,.76 - 1}�6 89 16,944.22 38,729.09 4,200.78 10/49.98 (402.&6) (2,178 5,) 3,797.92 8,671.45 13,146.30 JO,o57.64 (54.76) 196.52 19.13 (68.67) (35 63) 127.&5 (:l8 GQ) (98.M) 8.99 12.98 1,045 16 2.�9' 04 1,015.55 2,617.36 979.92 2,745.21 14,126.22 32,Rt12 85 13,14610 30,057.64 -13,14 6.30 30,057.64 979 92 2,745.21 979.92 2,745.21 14,12 6.22 32 ,8 "2.85 14,126.22 32,802 85 14,0,,R 80 14,1 15 95 1P.A!900 9.37 21.38 9. 14 21.24
Page 9
I � newgen Statement of Standalone Financial Results of Newgeu Snftware Technologies Limited for the quarter and half year erided 30 September 2026 {Amount in Runees lnkhs) - Qu arter ended Half year ended Year ended 30 Septfmher 30 June 30 Septemher 30 Septemher 30 Septemher 31 March Particulars 2026 2026 2025 2026 2025 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) {Audited) I lnro111e R�venue fr,un opcrai;nns 36,952.94 30,435.7 1 31i,r,J B.o7 67,388 65 64,675.23 1,4 I ,993.39 Other illet ,me 993.81 3,976 65 I ,('24 .49 4,970.46 4,505.71 6,396.25 Total incnme 37,946.75 34,412.36 37,642.56 72,359. 11 69,180.94 1, 48,389.64 : II Expen<es Emplv�ee ben�fits expen<ts 15,255.39 14,887. 16 15 ,310.73 30,142.55 29,786. 1 1 59_,;,,9_28 Fi11a1,ce costs 80.62 76.83 11 1.04 157.45 227.63 51 1. 73 D�prceiu1ion and amnl1i"\atinn c,re,nc.(s 8-14.28 8�5.63 849.56 1,679.91 1,696.15 3,414.23 Other e:-.pen<es 11 ,735.90 10,919.61 11 ,540.76 22,r,55_5 I 21,51 8.49 44,480.76 Total expen•cs 27,916.19 26,719.23 27,812.09 54,635.42 53,228.38 1,ns,016 . no Ill Profit before e:>.ceptional items and tax 10,030. 56 7,693.13 9,830.47 17,723.69 l:'-,952.56 40,373.64 IV Exceptional items Imra�l of Labour Codes . - - - - 3,M5.76 Provi<i,,n for legal cloim - - - - - 1,336.89 V Profit before tax 10,03056 7,693. 13 9,830.47 17,723.69 15,952.56 36,030.99 VI Tax expense Current tax 2,600.93 1,550.96 2,426 57 4,151.89 3,7•}6.22 9,419.71 Deferred tax (credit)/ charge (520.70J 164.71 (265.24) (355.99) 1292.24) ( I ,908.96) Total tax expense 2,osn.23 1,715 . 67 2,161.3 3 3,795.90 3,413.98 7,51 0.75 VII Net pro lit for the period / year 7,9sn. 33 5,977.46 7,669. 14 13,927.79 12,53/1 58 28,:-20.24 VIII Other comprehensive income for the period/year Items that will not be recln• ilied suh<equenlly to profit or lo,;s - Re-mca�ur.-rncnt gnin/(1,,,\CS) on defined benefit 32.75 49.13 plans (27.38) 81 .88 (54.76) 196.52 I.nwme tax rdating to-ilems that will not be (11. 44) (17.17 ) rec!J,�ified to pr,,fit or ],,<s 9.56 (28.61) 19.13 (68.67) Net other comp rehensive income not lo be 21.31 31.96 rec\a<,ilied subsequently to profit or lo•� (17 .82) 53.27 (35.63) J27.8S Items that will be reclas•ified'su b,equently to profit or lo•s Debt in,u umcnls through 01her (42. 17) (27 :ss) (1 8.66) (69.7S) (38.60) (98.6,S) cnrnprehensive in�ome - net change in fair I.J1c.>me tax rdati11g to items that will be 9.82 6.43 4.34 16.25 8.99 22.98 recla«ified to profit or loss Net other comprel1ensive income to be (32.35) {21.15) (14.32) (53.50) (29.61) recla«ified sub<equenlly to profit or lo<s (75.68) Other comprehensive incnme for the period / year, net of income tax (1 1.04) 10.81 (32.14) (0.23) (65.24) 52.17 IX Total comprehensive income for the period / year 7,939.29 5,98R.27 7,637.00 13,927.56 12,473.34 28,572.41 X Paid up equity share capital {face value Rs. 14,15 1.29 14,14 5.'53 14,()6&.80 14,1 51 .29 14 ,068 80 14,115 .95 10 each) XI Other equity 1,49 ,ll-,6.IO XU F.araings per equity $hare of Rs. 10 each {not annuali,ed, �xcepl for the year end) Ba<i,' (in Rs.) 5.63 4.23 5.47 9.86 8.94 20.28 Diluted (in Rs.) 5.60 4.:w 5.34 9.80 8.72 20. 15
Page 10
I r?!j newgen Segment R<pvrting (con<olidated) : (A1nuunt in Rupees l"khs) Quar1er ended Half year en<led Year en,led 30 September 30 June 30 Se1Jl•mher 30 September 30 SeJMmhcr 31 Ma,ch Particulars 2026 2026 2025 2026 Z025 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudit ed) (Un"udited) (Audited) I Revenue by gef1graphical segment India 10,2'.'19 52 9,561 13 11, 782.94 19,8Mi 65 21,317 .73 45,296.44 EMEA 14,810. 11 I 1,362.98 12,4�• 30 2'5,233 09 22,7\10.40 48,912.73 AfAC 5,936.41 5_,91 31 6,345.0! 11, 529.72 l l ,'115.79 26,'28.37 L1SA 11 ,1 18.01 9,150 95 9,498. 10 20,26� 97 16,7 01. 06 ,r,_901.02 Total 42,224.06 35,668. 37 40,079.35 77,8�2.43 72,144.98 1,57,439 .�6 Lr,,;s: Jn1er-stg.tnent fC\'<:nve - - - - - - Revenue from opera1fon.s 42,224 06 35,668 37 40,079.35 77,892.43 72,144.98 1,57,439.56 LI Segment prontl(ln«) before tax India 879.26 391 09 1,785 . 15 1,272.35 2.798.07 7,243.16 EMEA 5,195 53 2,1'1 53 3,-;,,;)_72 7,349 % 5,182 .65 14,(•25.98 APAC 1,•52.08 1, 144.40 2,093.43 2,496 .48 2,Y19 55 8,827.28 llSA 3.615.72 I ,Q30.87 2,%9.92 5,546 59 3,965. 01 10,827.06 Total 11, 042.59 ;;,621.89 10,349.22 16, 664.48 14,875.28 40,923.48 Add: Other inu1me 1, 143 80 3,627.27 1,322.30 4,771 .07 4,261.01 6,10n 83 LC'\S: UnaHn�d1Cd e,rc,,ditusc• 1,17 1.25 1,037.60 1, 137.98 2.20;1 85 2,19 2.07 �.!N5.22 Profit before tax 11, 0 15.14 8,211. 56 10,533. 54 19,226 .70 16,944.22 38,729.09 Less: Tax e,ren'Se 2.326.94 1,929.45 2,359. 30 4.25,; 19 3,797.92 Rf?l .45 Net profit after tax<s 8,68R.20 6,282. 11 8,17 4.24 14,970.31 13,146 . 30 Jn,ns1.64 111 Srgmrnt aic:(ets l.ndi,1 25,16886 27,391.96 28,17 9.37 25,168.86 28,179.37 27,2 5 l .03 EMF.A 35,254.82 32l81 .93 23,725 98 35,254.82 23,725 98 3�,219 .22 APAC [/\,066 55 l� ,r,c,0.10 12.12 7.05 1,;_n,;,; ss 12,12 7.05 17,5 22.07 LISA 25,725 08 24.209 94 23.978.21 25,725 08 23,9]g,21 • 28.2 12 .32 Total 1.02,215 31 1,01 ,173.93 88,010.61 1,02.215.31 88,010 fil 1,11. 204.64 Add: Unalkuted a1<tts 1.39. 987.24 1,45_1sn ,;o 1,19 ,136 35 1,39.987.24 1,19.136 35 I }•.042.86 Total auets 2,42.20255 2.46,354 53 2,07 146.96 2,42.202.55 2.07,146,Q6 2,44.247.50 IV Segmfnt liahilities India 14,171 .83 17,3,,, ,3 14,070.82 14,171.83 14,070.82 17,319.94 fMF.A l5,'6539 j(,)/\6.42 10.RJ8 .92 15}"� 39 10,818 .92 17,916.51 APAC - 7,842.26 8,163. 18 6,418.71 7,842.26 6,418.71 7,210 . (.)2 Ll�A l2. 6M. 26 12,263. 76 9.5•18 34 l2, 6W> 26 9,5f•8.34 15,437.34 Total 49,979.74 54,fl98.69 40,RJ 6.79 49,979.74 40,816.79 57,RRJ RJ Add: Unallouitcd liabilities 6 950.84 7,757.98 7,064.75 6.950 84 7,064.75 F,628.74 Total lfahilities 56,930. 58 6] ,856.67 47,881.54 56,930. 58 47,881. 54 66,512.55 Note :- a) Un�ll oC"ated a�lli:ets, Uahilititliii, revenue and optn\stS : Certai11 3,,cts1 Ji;thilities, reveoue an� exp(f'l,ses ar� not .srcci!ically aU<Xable to i1lJlvidunl St""STnCf'lb as the un,.kdying se,"h.es arc u,o!d intercha.ngci\hly. 111e C"0mpt1ny belic,·-..:s that it is not pr.1c1kable to provide segment di,cln,ures reiatiog to �uch �. liabiiities, revenue (md exrcnscs and a�c,ltdingly 51.lch lhcls, lii.1l1iliti¢s, revenue and exrcn,es are separntr-ly di,do�td as ·u11allo'"-3ted'. * All e-xpc11..:e5 whicli are not at1rih11t.0hle or all,�hle to segment, or are non-rc:(.urring in nalu.re have b�tn di ... 1..J�,�ed as urrnllocaible �remits. Duri11g the year enJfd 31 Mardi 2026, 11nal\l]l.arc:d e penditure includes impi,c.t oflahriur e:.ndes amounting to INR '.\005.76 l.akhc: Jnd Prvvi,i1111 for leg:11 cll!im a.m\,qnling fNR l ,:n6.89 l..ikh ....
Page 11
I � newgen Srgn,tnt R<'p•.Jrting' (stantlalone) : (Amount in Ruvees lakhs) � Quarter eniled Half year ended Year eniled 30 Scptemher 30 June 30 Sepl<mher 30 Sept em her 30 Sept em her 31 March Particulars 2026 2016 2025 2026 2025 2026 (Unaudited) (Unau dited) (Unaudited) (Unaudited) (Umwdittd) (,\u,lited) I Revenue by gtographical se�ment 1J1dia 10,299 52 9,561. 13 11, 782.94 19,•60 65 21,317 .73 45,296.44 EMEA 13, 709.02 9.504.89 11, 828.17 23,213.91 21, 250 85 44,645.97 APAC 4,6�6.79 4/26.54 ;,1,;;:; 99 9,323 33 9,494.20 23,176.14 USA 8.247.61 6.743. 15 7,640.97 14,9�(1.76 12,612.45 2� �74.84 Total 36,952.94 �0, 435.71 36,61�.07 67,3�R .li5 64,675.23 1,41 ,993.39 Lm: lnter-segn,e.nt rt:\.1!1111� - - - - - - Revenue front operation� 36,952.94 30,435.71 36,618.07 67,38R.65 64,675.23 1,41 ,993.39 II Segment protitl(ln«) before tax India 877.42 391.26 1,783.38 l, 26R �8 2,794.39 7,23(,.14 EMEA 4,982.96 1,908 68 3,427.27 6,891.64 4,8<l4.71 13,678 62 APAC 1,273.64 976.20 2,124.77 2,249.84 2,765.92 8,%4.53 USA 3,073. 88 1,477.94 2,61'\R 54 4,551.82 3,1 83.90 9,o<n 67 Total 10,207.90 4,754. 08 9,943.96 14,961.98 13,6 38.92 38,�29.96 Add: OU1er inrc,me 991 81 3,976.65 l, Oc4.49 4,970.46 4,505.71 1), l06,25 Less: Unall,.\c.aled e-,penditi:re• 1,171.15 1_ ,1>7.60 1,13 7.98 2,208.75 2,19 2.07 8,F95.22 Profit b,fore tax 10,030.56 7,693.13 •,830.47 17,723.69 15 ,952.56 Jr.,030. 99 Less: Tax e,ren<e 2.0Rf•. 23 1,715 .67 2,161.33 3,795.90 3.413 98 7,5 10 .75 Net prolit after taxts 7,950 33 5,977.46 7,669.14 13,927.79 12, 538. 58 2R,�20.24 Ill Segment as,rts India 25,12 7.r,6 27,403.41 28,143.77 25,127.66 28,143.77 27,21 1.15 El¼EA 29.M8.26 27,894.56 2n,nr,r,_79 29,01;g_26 20,00f,_79 32,r.r.1.14 A.PAC R,f,11.81 10,253.71 6,951.63 8,627.81 6,951.63 12,449.04 USA 6,9�9 36 5,8,6.49 10,1 :(\ 65 6.989 36 10,136 65 7,989.18 Total 69,813.09 71 ,408. 17 65,23U4 69,813.09 65,238.84 80,310.51 Add: Una11,,.1ed as"'ts I ,39,087.24 1.45. I gr, 60 I 19,13(- 35 1,39.987.24 l,19 ,13r. ,5 1,,,, 042_86 Total a�sets 2,09 ,8Ufl. 33 2, I 6,58R. 77 1,84,375. 19 2,09, �0IJ.33 1,84,375. 19 2,13,353.37 IV Segment liahilities India 14,171.45 17,3<6.43 14,1)11.92 14,171.45 14,071.92 17,318.74 EM.EA - l l,811�.96 13.�91.70 8,'-<2 88 11 ,i'flx.96 8,6<2.88 14 ,413.73 APAC 3,9" ,s 5,049 ,3 4,0981)6 3,95S 38 4,008_(,6 5,256. 15 L1SA 3.756 98 3,212.97 3,207.51 3,75E 98 3,2(•7.5 I 4,561 96 Total 33,6n77 39,310.43 30,030.37 33,692.77 30,0 311 37 41, 552.58 AJJ: Unall,xalcu liah;lilies 6,Q;n 84 7,757.98 7,o64.75 6.9,(\ 84 7,064.75 8,628.74 Total liabilities 40,64-3.61 47,0r.R, 41 37,0QS.12 40,643.61 37,095.12 50,181.32 Nflte :- a) Un::1llncafed acnts. Uabilit ies, rc'tenue and expen<cs: Certain �,ctr;, lic,bilities, re\>cnue and expen,t-s are nnt specifically a1l1'.'1Cah1c: to individual 5.c-ginoiH as the UP�kllying sen,kes are u<ed Uue,chru1geaMy. 111e Cornrany beli�vcs that it is 1H•I p1acIicahle 10 provide segrncmt di.:d,"'1 .. urt:) relating to )Uch 11H('t�, Ji:,hi(jtics, rc:vtl':ue �od e.�J'C1liei aod actnrdingly such J.'-tct<-, Jinbilirie\ revenue and t-'pcu�t'! ar� c.epar,)tcly di,d,,,ed ns 'unalk,cate-d'. * AU c,r�lti which ar.: n<1t atu1hu1able or all1 . .-.c4hle to �gmcn1s or are nnn•ret:urring in ,,ature have bec-n d;,d ... ,,c:d as unall,xahle e:,pen1:.cs. 0-uliog the year ended 31 March 2026, unoHv ... .tled e: pendit1ue includes impact of lahour c,xle-s 3mc.,u11!iug to INR �.,v,s 76 lakh'i J.nd Provi,ion for leg.al daim ainoua!ing fNR I, 'H6 89 lakh'-.
Page 12
I r;!fj newgen Statement of A«ets and Liahilities of Newgen Software Technologies Limited as at 30 September 2026 (Amount in Rup ees lal\h�) Con�nlidatcd Standalnne � - As at As at As at As at Particulars 30 Septemher 2026 31 March 2026 30 September 2026 31 March 2026 (Unaudiled) (Audited) (Unaudited) (Audited) ASSETS Non-current a«�ts Pr,,perty, pl.int and equirin<nl 16,0! 5.29 !6)05.21 15/R5.26 16.230.34 Capi1al work-in-progress 140.79 107.76 140.79 107.76 Right-of�use as<ets 7,260.24 6,853.84 6,122.28 6,15 5.63 GouJwill 283.31 283.31 283.31 283 31 Other intongit,le as<els 243.05 463.71 243.03 463.71 Fin,in�ial as'l<:IS lnvc. tment in sub,iJiar ic,s - - 3,040.56 3,040.56 Other Financial a�5cts 10,992.60 12,5 64.24 10,519.39 12, 1 06.31 Deferred tax as<cts (net) 4,676.86 4,187.91 3,911. 52 3,567.90 lnumie tax J\scts (net) 2,491.97 2.031.41 2,1 14.47 I, 721 .23 Other non- current a-.ets 22.49 29.84 22 .49 29.84 Total non-current n,<ets 42,126.60 42,827.23 42,483.10 43,706. 59 Cu rrcn t as,cts Financial a.�<ets [nvestn1cnts 74,43 1.46 70,307.70 74,431. 46 70,307.70 Tmde recdve1bl.,; 63,495.25 70,824.02 31,458.14 41,221 .60 Ca,h Jnd cash equivalent� 14,592.17 !0,353.35 5,6,0.97 3,588. 12 Bank balan.:cs other than c. h and cash equivalenls above 29,1 85.06 30,798.71 17 ,643.63 16,1 16.81 L0ans 94.40 102.98 94.40 . 102.98 Other finunc i,tl a"els 1,939.90 1,774.77 2,025.06 1,8 (10.08 Cnntrad assets 11 ,10 4.54 12,7 3-J.83 31 ,362.38 32,511 .74 Other current a«rts 5.233.17 4,527.91 4,65 1.19 3,997.75 Toti1l current a,.,,cts 2,00,o75.95 2,01,420.27 1, 67,317.23 1,69,646.78 TOTAL ASSETS 2,42,202.55 2,44,247.50 2,09,Sfl0. 33 2,13,353.37 - EQUITY AND LIABILITIES Equity Equity share capital 14,151 .29 14,11 5.95 14,151 .29 14,1 15.95 Other eq»i ty 1, 71, 120.68 l, 6<,61 9.00 1, 55,005 .43 1,49,056.10 Total equity attributable to the owners of the Company 1,85,271.97 1, 77,734.95 1,69,156.72 1,63,172. 05 Financial liahil ities - Le,tse liabilili es I 2,897.20 2,637.56 2,259.20 2, 107.52 P1uvi'jions 8,93 1.33 8.882.14 8, 006.51 8/•68.27 Total nnn-current liabilities 11, 828.53 11, 519.70 10,26S .71 10,175.79 Current li•hili lies Fi>1a11�ial )iabil ii ies Le.ue liabiliti es 1,447.70 1.298 05 1,1 !0.23 1, 097.33 Trade payahles - Total oubtanding dues to micro enterprises and srnall 148.07 396.28 148.07 396.28 enterpr ises - Tvtal outstanding dt,�s to cr<ditNS other than micro and small 5,1 89.77 5,1 10.53 8,709.29 8,746 .46 enterprises Other financial liabilities 5,108.51 8,101. 40 4,313.58 7,26() 66 Deferred inc('me 26,074.41 30,5 ! 6.93 10,8 46.66 14,18 5.28 Other curr�nt li&hi!ities 4,108.55 4,876.52 2,650.42 3,890.22 Prov 1� i1.)ns 1,475.74 2,R36.26 1, 475.74 2J}6.26 lnc,,n,e tax liabiliti ¢s (net) 1. 549.30 1,856.88 1, 123.91 1, 593.04 Total current liabilities 45,1 02.05 54,992. 85 30,377.90 40,00 5 53 Total liahilities 56,930. 58 66,512.55 40,643.61 50,181.32 TOTAL EQUITY AND LIABILITIES 2,42,202.55 2,44,247.50 2,09,8011.33 2, 13,353.37
Page 13
I � newgen Coo�nlidated Statement ofCas hflows ofNewgen Software Technolo�ies Limited for the half year ended 30 September 2026 � (Amount in Ruoccs lakhs) - For the half year ended For the year ended Particulars 30 September 2026 (Unaudited) A. Cash fluws from operating activities Profit before tax 19,226.70 Adju,trncnts for: Depreciation and amnrtisation expen,es 1,863.51 l n,s,'(gain) on sale of property, plant and equipment 6.66 Lo s allowonce on trade re.:eivables and ccinlrnct a,�ls 2,657. 05 L.i�hilit ies/ptllvisi,>n no longer re,1ui1ed written back (368 .22) Unrealised furdgn e.,.d1ange (gain)/h),5 (1, 31 5.50) Sha1e ba,ed paym�nt - equity settled 265.53 Finance co<ts 176.5 1 Fair value cha nges of financial as,ets at FVTPL (1 ,950.97) Profit on sale of mut11al funds (net) at FVTPL (528.14) Lo,s on reJempt inn of b0nds at FVTOCI - Interest in.:nme (1, 445.12) Provi,,ion for legnl claim - Operating cash flow before working capital changes l 8,588.01 Dccrca e I (increa,e) in trade receivables 5,550.08 Dccrea,e I (incrcJ,e) in loans 8.58 (Increase) / decrC3•e in other financial as�ets (18 8.64) DccreJse I (increa<e) in CClntrdct a1 ets 1,85 1. 02 Increase in other a� els (681.78) (Decrease) I increa_e in provisions (1, 391. 93) Decrease in other financial liahilities (1, 374. 17) Decreo,e / (increa<e) in other liabilities a11d deferred income (5,726 . 59) (Decre.1<e) I increa,e in lrade payables (343.60j Cash generated from operations 16 ,290.98 l11co111e taxes paid (net) (5,493 87) Net cash generated from operating activities (A) 10,797. 11 8. Cash flows from investing activities AIXJui<ilion o-r cnn<lruclion of ptoperly plant and equipment incluuing intangible a,,ct,, capital wurk-in-progrc,s, capital (865.25) advances and payable for capital assets Proceeds frurn sale of property, plant and equipm ent 26.51 Purcha,e of mutual fu'nds and bonds (25,331 .69) Prc>��cds frnm redempf ion of mutua I funds and bonds 23,617.30 Interest received from bonds l 69.39 lnte.rcst rccciwd fron1 bank depo,its 1,017.13 Inw,unent in bank depo<its (net of maiurilies) 3,744.45 Net cash flow from /(used) in investing activities (8) 2,377.84 C. Cash flows from financing acti vities Repaym�nt of lease liahiliti es (787.09) Interest paid on finance lea e (17 6.51) Proc�cds from is ue of equity shares under ESOP scheme 342.17 Dividend paid (8,550 150) Net cash used in financing activities (C) (9,172.03) Net increase/(decrease) in cash and cash equivalents (A + 8 + C) 4,002.92 Cash and cash equivalents at the beginning of the period/year 10 ,353.35 Effect of e.,change differences on trans lat inn of foreign currency ,-a h 235.90 and ca h equivalents Cash and cash equivnlents at the end of the period/year 0 - � . 14,592.17 cw�.No,0ii"' �� <f� 0 ....., 0 I� • :=} * . "O 0 * � �� � 30 Sept cm ber 2025 31 March 2026 (Unaudited) (Audit ed) 16, 944.22 38,729.09 1,8 16.42 3,659.74 (93 I) (80. 13) 2,629.25 4,1582. 78 (345.44) (552.40) 296.87 1,50 7.63 105.33 (453.13) 240.27 546.78 (1, 914.13 ) ( 1,55 6.73) (422.93) (I, 188.97) - 12.00 (1, 534.93) (2,969.96) - 1,336 . 89 17,805.62 43,673.59 2,91 1.99 (1 5,499.68) (26.68) (49.87) 255.17 390.59 220.24 (1,85 1.15 ) (477.24) {765.61) 430.94 3,984.35 (2,325.50) (864.96) (3,421 .76) 7,059.30 956.02 (1 ,023.69) 16,32ll.80 35,052.87 (7.37 1.11) (1 1,866 94) 8,957.69 23,185.93 (257 .18 ) (975.15) 19.51 106.07 (20,820.17) (52,209.39) 15,343.93 35,376.35 210 60 430.08 1, 143.23 2,690.28 337 .44 (1 ,640.40) (4,022.64) (1 6,222. 16) (6 16.84) (2,028.86) (240.27) (452.05) 474.68 826.05 (7.084 03) (7,082.40) (7,466.46) (8,737.26) (2,531.41) (1, 773.49) 10,377.00 l 0,377.00 684.33 1,749.84 8,529.92 10, 353.35
Page 14
I r;?fj newgen Standalone Statement of Cash flows of Newgen Software Technologies Limited for the half year ended 30 September 2026 /Amount in Ruorrs lakhsl For the half year ended For the year ended Particulars 30 Sep tern ber 2026 30 September 2025 31 March 2026 (Unaudited) (Unaudit ed) (Audited) A. Cash flows from operating activities Profit before tax 17 ,723.69 15, 952.56 36,030.99 Adjuslmcnls for: Depreciation nnd amor1isa1ion expen e 1,679.91 1,696. 15 3,414.23 Ln�s'(go in) on sale of property, plant and equipme,tt 6.66 (9.31) (80 13) Ln,s allowance on trade receivables and contract a,,ets 1, 311. 65 2,068 I 5 3,7_51 .53 Liat>ilit ks/ p!<lvision no longer required writlen back (262.85) (345.44) (552.40) llnreali,ed foreign e:,..change (gAin)/lo,s (1, 359.33) 255.35 1,51 0.64 Share ba<cd payment - equity settled 265.53 105.33 (453.13) Finru1ce cc,sts I 57.45 227.63 51 1.73 Fair value changes of financial a,<et., at FVTPL (1 ,950.97) (1, 914.13) (1 ,556.73) Prufit on sale of mutual funds (net) at FVTPL (528.14) (422.93) (1,1 88.97) Lo<s on redcmplinn of bnnds at FVTOCI - - 12.00 lnter�st income (1 ,233.09) (1, 299. 11) (2,50 1.22) Dividend income (567.06) (512 .46) (51 2.46) Provisinn for legal claim - - 1,336.89 Operating cash flow before working capital changes 15 ,243.45 15,801.79 39,722.97 Decrea,e / (increa,e) in trade recdvablcs 8,370.25 3,453.47 (7,738.50) Decrease / (increa,c) in luans 8.58 (26.68) (49.87) (lncrca,e) / dec.rease in other financial a<\els (251 .54) 304.31 264.86 Decrease/ (increa,e) in cnntract a,,ets 1,374.10 (898.2 1) (�.606.49) Increi1<e in other as�ds (641.04) (396.00) (643 .0 I) (Decrea,e) / increase in provisions (1, 340.40) 257.94 3,1,52.94 Decrease in other financial liabilili�s (1,448.51) (1 ,957.63) (656. 15) Dccrea,e / (increa e) in other liabilities and deferred in�,,nie (4,578.42) (2,9l4.06) 2,455.74 (Decrea<e) I increase in trade oavables (22.53 1,036.93 1,326.26 Cash generated from operati(lnS 16,713.94 14,661.86 31, 728.75 Income ta:,..es oaid (net) - (5,014.25) (6,295.05) (1 0,278 80) Net ca.sh generated from operating act ivities (A) 11, 699.69 8,366 .ln 21,449.95 B. Cash flows from investing activities Acqui-ition or construct inn of property plant and equipmtnt including intangible assel<, capital work-in-pr0grc,<, capital (786.2 1) (246. 15) (955 03) advances and payable for capital assets Pr.x·ceds from sale Clfproperty, plant and equipment 26.51 19.51 106.07 Purcha,e of mutual fund, and bnnds (25,331 .69) (20,820.17) (52,209.39) Prnc<·cds from reJ¢nip1ion of mutual fund- and bonds 23,617.30 15 ,343.93 35,376.35 ln lerest received from bMds 169.39 21 0.60 430 08 In1erest rcc�iwd from ba11k depp,its 82 1. 74 938.45 2,210.81 Dividend income from sub<id iary 567.06 512 .46 51 2.46 Investment in bank deoosits (net of maturities) 278.24 426 35 662.52 Net cash used in investing activities (B) (637.66) (3,61 5.02) (13,866.13) C. Cash flows from financing activities Repayment of lea. e liabilit ies (633.30) (51 3.73) (1 ,826.94) Interest paid on fiuance lease (1 57.45) (227.63) (417.05) Proceeds froin is,ue of equity shares under ESOP scheme 342.17 474.68 826.05 Div idend paid (8,550.60) (7,084.03) (7,082.40) Net cash used in financing activities (Cl (8,999. 18) (7,350.71) (8,500.34) Net increa se/(decrease) in cash and cash equivalents (A+ B + C) 2,062.85 (2,598.92) (91 6.52) Cash and cash equivalents at the beginning of the period/year 3,588.12 4,504.64 4,504.64 Cash and cash eQuivalents at the end of the oeriod/year 5,650.97 1, 905.72 3,588.12
Page 15
I Notes: � newgen Statement of Standalone and Con�olidated Financial Re,ults of Newgen Software Tecbnologie� Limited for the quarter and half year ended 30 Septemher 2026 The abo,e financial results for the quarter and half year ended 30 Seplemher 2026 were reviewed by the Audit C'n111minee in the mee1ing held on 23 Octnher 2026 and approved by the BoarJ of Directors in their m�cling held on 23 0�1,,�er 2,:J26. Sta,,dal,,ne and Cnno,,lidatcd financial results of the Company for the (]U8Jlcr and half y�ar ended 30 s�rteml�r 2026 are prep.ired in ac,Ndar1ce with IJ1dian Acc,,un•ing Standards (lnd AS) pre<ctihed under Secliun I 33 of the Cnm!'anies A.:t. 2013 and rel�,�nt rules ther�under. The company has cnmplied with the guidelines is<ued by Se.:uri1ies & f-,.change Board of lndi� (SEBI) to the e lent appli�dhle. 2 The audilL•r> have carried out limit ed review of Standalone and Co11,olidated results of the Com pony for the quarter and half year e11dcd 30 Sept cm her 2026. Th�re are no quoli licati,,os in the Auditor's review report on these financial re,ults. 3 The B"ard of Di,ed,•rs in their meeting held on 30 April 2026 rect•mmended a dividend of INR 6.00 per equity sh.ire for the financial year ended 31 March 2026 which w�s approved by the shareholuers Jt the Annuol Ge1,�ral Meeting held on 24 July 2025. The dividend W3S paid on 3 Aui;ust 2026. 4 Previuus peri0Js/ycars figures have been regrt•uped!rcda, ifocd wherever n�c�\SJry to n111c, pt'nd with the curr�nt pe1i,,d/year cl.L,,ili coli ,1r\/disd,., ure, which are not cnn<;Jered matet ial to thc<c financial re,ults. For and on behalf oftbe Board of Directors of T. S. Varadarajan Vire Chairmdn & Whrle Time Director DU-I: 00263115 Place: New Delhi Date: 23 October 2026
Page 16
Newgen Software Technologies Limited CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963 Annexure-II Sr. No. Details of event that needs to be provided Information of such event a. Name of the entity (ies) forming a part of the amalgamation/merger, details in brief such as, size, turnover etc Follwing entities are forming part of the proposed Scheme of Arrangement for amalgamation: 1. Newgen Computers Technologies Limited (“Transferor Company”/ “NCTL”) 2. Newgen Software Technologies Limited (“Transferee Company” / “NSTL”) Paid-up share capital, Turnover and Net worth of the companies involved in the Scheme for the year ended March 31, 2026: (Amount in Crores) Name of the Company Paid-up share capital Turnover Net Worth NCTL 0.21 - 0.85 NSTL 141.16* 1,419.93 1631.72 Note: *As on date, the paid up share capital of NSTL has increased to Rs.142.51 Crores. b. Whether the transaction would fall within related party transactions? and if yes, whether the same is done at “arm’s length”? Yes, the Transferor Company is a wholly owned subsidiary of the Transferee Company. However, Ministry of Corporate Affairs has clarified vide its General Circular No. 30/2014 dated July 17, 2014 that transactions arising out of compromise, arrangements and amalgamations dealt under specific provisions of the Companies Act, 2013, will not fall within the purview of related party transaction in terms of Section 188 of the Companies Act, 2013. Further, pursuant to Regulation 23(5)(b) of the SEBI Listing Regulations, the provisions relating to related party transactions are not applicable to transactions entered into between a holding company and its wholly-owned subsidiary. c. Area of Business of the Entities NSTL The Company 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 Transferee Company provides a complete range of software that helps automate business processes. Newgen Software orchestrates Intelligent Enterprises at scale. The NewgenONE Platform unifies content, processes, and communications into an orchestration layer where intelligence is embedded into how enterprises operate, with trust, governance,
Page 17
Newgen Software Technologies Limited CIN: L72200DL 1992PLC049074, Registered Office: E-44/13, Okhla Phase II, New Delhi 110020, India Tel: +91 11 46533200, 26384060, 26384146 Fax:+91 11 26383963 and control built in. Enterprises move beyond fragmented initiatives to continuously adaptive, production-ready operations. Decisions, workflows, and experiences evolve in real time, shaped by context, data, and embedded AI. Trusted by leading organizations worldwide, Newgen defines how modern enterprises operate, intelligently and at scale. NCTL The Company was incorporated with the objective of developing, installing, maintaining, importing, exporting, purchasing, selling and dealing in computer hardware, peripherals, software and other related equipment. d. Rationale for amalgamation/merger: The Transferor Company is a wholly owned subsidiary of the Transferee Company and both the Companies are under common management. The proposed amalgamation is intended to simplify the existing group structure by consolidating the Transferor Company with the Transferee Company into a single legal entity. The amalgamation would also rationalise the administrative, operational, legal and regulatory compliances and the associated costs. In summary, the Scheme is expected to facilitate a more streamlined corporate structure and efficient utilisation of resources, thereby creating and preserving long-term value for all the stakeholders. e. In case of cash consideration- amount or otherwise share exchange ratio: Pursuant to the Scheme, no shares shall be issued, nor shall any consideration be paid in cash or otherwise by the Transferee Company, as the Transferor Company is a wholly owned subsidiary of the Transferee Company. Considering the Scheme does not envisage the issuance of any fresh shares or payment of any consideration to the shareholders of the Transferor Company, the requirement for determination of a Share Exchange Ratio and preparation of a Valuation Report for such purpose is not applicable. f. Brief details of change in shareholding pattern (if any) of listed entity: The shareholding pattern of the Company remains unchanged pursuant to this Scheme. For Newgen Software Technologies Limited Aman Mourya Company Secretary & Head Legal