Newgen Software shares fall as CEO Virender Jeet resigns effective August 31

In his resignation letter, Jeet stated that he is resigning due to personal and professional reasons.

"I remain committed to facilitating an orderly and efficient transition of my duties and responsibilities and will provide all reasonable cooperation during the transition and handover process. I further confirm that I will return all company assets, documents, data, and confidential information in my possession or control and will continue to be bound by my post-cessation obligations relating to confidentiality, fiduciary duties, and compliance with applicable laws," he said, according to an exchange filing by the company.

Jeet requested Newgen Software's board to take note of his resignation and confirm the cessation of his responsibilities, authority, and obligations associated with the office of CEO from the effective date, except those obligations which expressly survive cessation.

"I take this opportunity to thank the board, employees, shareholders, customers, and other stakeholders for their support during my tenure and wish the company continued success," he said.

Newgen Software share price

The stock was trading 0.40% lower at ₹485.40 per unit on the National Stock Exchange (NSE) at 9:21 am on June 10.

The scrip had hit its 52-week high of ₹1,267.80 per share on June 16, 2025, while its 52-week low of ₹401.05 apiece was recorded on March 3, 2026.

In the past week, the stock has declined 6.33% and 3.85% in a month. Year-to-date, it has slipped 41.86%.

Newgen Software Technologies had reported a 1.88% decline in its consolidated profit after tax to ₹106.29 crore in the March quarter of the financial year 2025-26, compared to ₹108.33 crore a year back.

Its revenue from operations increased 5.29% to ₹452.66 crore in Q4 FY26 as against ₹429.88 crore in the year-ago period.