UK arm signs document management agreement worth GBP £1.63 million (Rs. 20.51 Crores)
Newgen Software Technologies (UK) Limited, a wholly owned subsidiary, has executed an agreement with Just Retirement Management Services Limited, United Kingdom.
By ScoutQuest · · 2 min read
- Aggregate Contract Value (GBP)
- GBP £1.63 million (One Million, six hundred and thirty thousand pounds)
- Aggregate Contract Value (INR)
- Rs. 20.51 Crores
- Execution Period
- 3.5 years
What the company informed the exchanges
Newgen Software Technologies Limited said its wholly owned subsidiary, Newgen Software Technologies (UK) Limited, incorporated in the UK, has executed an agreement with a customer for providing a document management system, including implementation services, software licenses, cloud hosting, maintenance and support services.
Who the customer is
- Name of the entity awarding the contract: Just Retirement Management Services Limited, incorporated in England & Wales, United Kingdom.
- The contract has been awarded by an international entity.
- The promoter, promoter group or group companies have no interest in the entity that awarded the contract.
What the contract covers
- Document management platforms, including implementation services, software licenses and cloud hosting.
- Nature of the contract: Newgen's Enterprise Content Management OmniDocs and Customer Communications Management platform (OmniOMS), managed cloud services and implementation.
Size and duration
- Aggregate value of the agreement: GBP £1.63 million (One Million, six hundred and thirty thousand pounds).
- Converted value in INR: Rs. 20.51 Crores (Indian Rupees Twenty Crore and Fifty-One lakhs).
- Conversion rate used: 1 GBP = INR 125.85.
- Time period by which the contract is to be executed: 3.5 years.
Other points stated in the update
- The company confirms this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.
- Date of occurrence of the event: 16th October 2026; time 1:30 AM (IST).
How a retail investor can read this
- It is a new contract won by a wholly owned overseas subsidiary, and the value is disclosed in both pounds and rupees.
- Such contracts typically translate into revenue as the work is delivered, so the amounts would generally be recognised over the stated execution period rather than all at once.
- The customer is an unrelated international entity, as the update states there is no promoter or promoter group interest in it.
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More numbers
- Aggregate value of the agreementGBP £1.63 million
- Converted value of the agreement in INRRs. 20.51 Crores
- Conversion rate used1 GBP = INR 125.85
- Time period for execution of the contract3.5 years
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