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: 15th October 2024

Sub.: Outcome of the Board Meeting held on 15th October 2024

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 30th September 2024.

(ii) Regulation 30 of the Listing Regulations:

Grant of options under Newgen ESOP Scheme -2022 to its identified employees

Dear Sir/ Ma'am,

This is to inform you that the Board of Directors of the Company at its meeting held today i.e. Tuesday, 15th October 2024 which commenced at 12:48 P.M. and concluded at 01:25 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 30th September 2024. Accordingly, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the above-mentioned Financial Results along with Limited review reports as Annexure-I.

Grant of Options under Employee Stock Option Schemes

1. On the recommendation of Nomination & Remuneration Committee, the Board approved grant of 5,30,100 options under Newgen Software Technologies Limited Employee Stock Option Scheme-2022 ("Newgen ESOP Scheme-2022") to its identified employees. The required details in this regard as per SEBI Listing Regulations are enclosed herewith as Annexure-II

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated 13th July 2023 are enclosed as Annexure-I and Annexure-II respectively.

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 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

Mourya

Digitally signed by Aman Mourya Date: 2024.10.15 13:28:39 +05'30'

Aman Mourya Company Secretary & Head-Legal [email protected] www.newgensoft.com Aman

Encl.: a/a

Walker Chandiok &_Co LLP

Walker Chandiok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company 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 \$Ubsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries, included in the Sta'fement) for the quarter ended 30 September 2024 and the consolidated year to date results for the period 1 April 2024 to September 2024, 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').
• 1. 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 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.
• 1. 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 SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the Listing Regulation, to the extent applicable.

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC·2085 and has its registered office at L•41 Connaught Circus, Outer Circle, New Delhi, 110001 , India

Walker Chandiok &_Co LLP

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

1. 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP Chartered Accountants • • • o: 001076N/N500013

n a ner mbership No. 507 429 UDIN 2.YS01Y'l'1 B kG KPB3~92..

Place Naida Date 15 October 2024

Walker Chandiok &_Co LLP

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company 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 Statement

• 1. Newgen Software, Inc.
• 1. Newgen Computers Technologies Limited
• 1. Newgen Software Technologies PTE. Ltd.
• 1. Newgen Software Technologies (UK) Limited
• 1. Newgen Software Technologies Canada, Ltd.
• 1. Newgen Software Technologies Pty Ltd
• 1. Newgen Software Technologies L.L.C.
• 1. Newgen Software Technologies Company Limited

Walker Chandiok &.Co LLP

Walker Chandiok & Co LLP L 41, Con naught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company 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 2024 and the year to date results for the period 1 April 2024 to 30 September 2024, 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').
• 1. 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.
• 1. 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.

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Deihl, Noida and Puna

Walker Chandiok & Co LLP is registered with limited liability with identification number MC-2085 and has its registered office at L-41 Connaught Circus, Outer Cirde, New Delhi. 110001 , India

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuantto the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

1. 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 requ irements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP Chartered Accountants F Registration No: 001076N/N500013

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Place: Naida Date: 15 October 2024

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Statement ofStiindalonc and Consolidated Financial Results ofNcwgcn Soft.ware Technologies Limite,I for the quarter and half year ended 30 September 2024

Notes:

I

• The above financial results for the quarter and half year ended 30 September 2024 were reviewed by the Audit Committee in the meeting hdd on 15 October 2024 and approved by the Board of Directors in their meeting held on 15 October 2024 . Standalone and Consolidated financial results of the Company for the quarter and half year ended 30 September 2024 arc rrepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 20 13 and relevant. rules thereunder. The company has complied with the guidelines issued by Securities & Exchange Board of India (SEBI) to the extent applicable.
• 2 The auditors have carried out limited review of Standalone and Consolidated results of the Company for the quaner and half year ended 30 September 2024. There arc no qualifications in the Auditor's review repon on these financial results.
• 3 The Board of Directors in their meeting held on 30 April 2024 had recommended a dividend of INR 4.00 per equity share ( on face value of INR 10/- each on the expanded capital base post bonus issue of 1: 1) for the financial year ended 31 March 2024 which was approved by the shareholder at the Annual General Meeting held on 25 July 2024. The dividend was paid on 2 August 2024 .
• 4 Pursuant to the Board approval on 27 November 2023 and shareholder's approval on 2 January 2024, through Postal Ballot, the Company has allotted 7,00,69,401 bonus shares of fNR 10/- each (fully paid up) on 13 January 2024 lo the eligible members of the Company whose names appear in the Register of Members of the Company /List of Beneficial Owners as on the Record Date i.e., l 2 January 2024 in the ratio of 1: I. The said bonus shares shall rank pari passu in all respects with the existing equity shares of the Company, including dividend. As a result of the bonus issue, the paid-up capital of the Company has increased to INR 14,013.88 lakhs from INR 7,006.94 lakhs. Conseq uent to the above increase in paid-up capital, the earnings per sha re (Basic and Diluted) have been adjusted for the quaner and half year ended 30 September 2023.
• 5 During the quarter ended 30 September 2024 , the Nomination & Remuneration Committee has granted 43,000 options under Newgen ESOP Scheme 20 l 4 and 40,850 options under Ncwgen ESOP Scheme 2022 to its employees on 18 July 2024.
• 6 Previous periods/years figures have been regrouped/reclassified wherever necessary to correspond with the current period/year classitication/disclosure, which are not considered material to these financial results.

For and on behalf of the Board of Directors of

Whole Time Director DIN : 00263115

Place: Noida Date : I 5 October 2024

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

The details are mentioned in Point Number 2:-

For Newgen Software Technologies Limited

Mourya

Digitally signed by Aman Mourya Date: 2024.10.15 13:29:00 +05'30'

Aman Mourya Company Secretary & Head-Legal [email protected] www.newgensoft.com Aman