Newgen Software Technologies Limited has responded to a query regarding a significant increase in the volume of the company's security. In a letter dated August 18, 2025, the company addressed concerns raised in a letter with reference number L/SURV/ONL/PV/AA/2025-2026/354, also dated August 18, 2025.
The company stated that, to the best of the information available with the management, there is no specific information, event, or announcement that would account for the increase in share volume. This includes any price-sensitive information that has not already been disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Newgen Software Technologies Limited assured that it will continue to make appropriate disclosures in accordance with applicable regulations as and when any disclosable event occurs.
The company clarified that the increase in share volume may be due to multiple factors beyond its control, such as market sentiment, investor behavior, global economic conditions, and sectoral trends. The management affirmed that it is not connected with any specific increase in the volume of shares.
Aman Mourya, Company Secretary & Head Legal, signed the response.
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