Newgen Software Technologies has appointed Shubhi Nigam as an Additional Director, effective November 26, 2025. Ms. Nigam, part of the promoter group, will serve as a Non-Executive Non-Independent Director, liable to retire by rotation. She will receive a sitting fee of ₹1,00,000 per meeting and may be eligible for commission on net profits.
New Board Member
Newgen Software Technologies announced the appointment of Shubhi Nigam to its Board of Directors. The appointment, effective November 26, 2025, follows recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee.
Director Details
Ms. Nigam is a member of the promoter group and will serve as a Non-Executive, Non-Independent Director, subject to retirement by rotation.
Compensation and Experience
Ms. Nigam will receive a sitting fee of ₹1,00,000 for each Board and committee meeting attended, along with reimbursement for related expenses. She may also be eligible for a commission on the company’s net profit.
Ms. Nigam currently works as Director of Product at Carta Inc., overseeing the Limited Partners (LP) Platform. She previously co-founded Laso Technologies Inc. and has held roles at Newgen between 2012-2019. Her expertise includes Product Management, AI-driven solutions, and enterprise SaaS platforms. She holds a degree in Computer Science and Economics from the University of Pennsylvania.
Related Party Disclosure
Ms. Nigam is the daughter of Diwakar Nigam (Chairman & Managing Director, Promoter) and Priyadarshini Nigam (Whole-time Director, Promoter Group). No other relationships with existing Directors or Key Managerial Personnel were disclosed.
Source: BSE
