KMP Retirement: EVP-Global Business Strategy and HR retires on superannuation

Newgen Software Technologies has told the exchanges that Mr. Surender Jeet Raj, EVP-Global Business Strategy and HR, who was designated as Key Managerial Personnel (KMP) of the company, has retired.

Mon 12 Oct 2026

Designation

EVP-Global Business Strategy and HR, designated as Key Managerial Personnel (KMP)

Effective Date of Retirement

Close of business hours on 12th October 2026

Reason Recorded

Superannuation

What has been announced

Newgen Software Technologies has informed BSE and NSE that Mr. Surender Jeet Raj, EVP-Global Business Strategy and HR, who was designated as Key Managerial Personnel (KMP) of the company, has retired from the services of the company.

Key details from the disclosure

• The retirement takes effect from the close of business hours on 12th October 2026.
• The reason recorded for the change in the Annexure is superannuation.
• The company has stated that since the cessation is under retirement, the requirement of a resignation letter is not applicable in this case.
• The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What superannuation means here

Superannuation is retirement on reaching the end of one's service tenure or the applicable retirement age. In the standard disclosure format, the reason for a change in personnel is recorded separately for appointment, reappointment, resignation, removal, death or otherwise, and this update records superannuation.

What a KMP is

Key Managerial Personnel is a defined category that covers senior officers of a company, such as the managing director, whole-time director, chief executive officer, chief financial officer, company secretary, and any other officer designated as KMP. The designation mentioned here covered Global Business Strategy and Human Resources.

How the news can be perceived

• It is a company-level intimation about a change in a senior designated officer, made through the standard exchange disclosure route.
• The event is described as a retirement, and the reason recorded is superannuation.
• The update sets out the effective date of the change and the role held by the person concerned.

Points investors generally track

Senior management and KMP changes are watched for continuity of strategy and execution. The information here is limited to the fact of the retirement, the role held, the reason recorded, and the effective date, which are the details a reader can check directly in the update.

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