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The company has set record date as on Friday, 12 January 2024. The estimated date by which bonus shares shall be credited/dispatched is 26 January 2023.
The paid-up equity share capital will increase to Rs 1,40,13,88,020 post-bonus issue from Rs 70,06,94,010 as of date.
Newgen Software Technologies is an information technology (IT) product company, which provides solutions in enterprise content management, business process management and customer communications management platforms. These platforms help clients digitise and manage content and document flow process. The major customers of the company are organisations belonging to sectors such as banking, telecom and insurance.
The company's consolidated net profit jumped 58.22% to Rs 47.78 crore in Q2 FY24 as compared with Rs 30.20 crore in Q1 FY24. Revenue from operations increased by 16.51% to Rs 293.23 crore in Q2 FY24 as against Rs 251.67 crore in previous quarter same fiscal.
The scrip declined 2.42% to settle at Rs 1,269.15 on Friday on the BSE. The domestic stock market is shut today (27 November 2023) on account of Gurunanak Jayanti.
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