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Newgen Software Ordered to Pay USD 1.37 Million as Qatar Appellate Court Dismisses Appeal
Newgen Software Technologies has faced a legal setback as the Appellate Court in Qatar dismissed its appeal against a previous adverse judgment. The company is now liable to pay a customer USD 1,370,000 along with QAR 200,000 in damages and additional court costs. While the company is evaluating a further appeal to the Court of Cassation, the immediate financial liability has been upheld. Management maintains that there is no other material impact on business operations beyond these specific financial payments.
Key Highlights
Appellate Court in Qatar dismissed the company's appeal on January 26, 2026
Ordered to pay a customer USD 1,370,000 (approximately INR 11.4 Crores)
Additional compensation of QAR 200,000 (approximately INR 45 Lakhs) plus court costs mandated
Company is currently evaluating the option of filing a further appeal before the Court of Cassation
No other material impact on business or operations reported by the management
💼 Action for Investors
Investors should monitor the impact of this payout on the next quarterly earnings and check for any provisions made. While the amount is relatively small compared to Newgen's annual revenue, the legal setback in an international market warrants caution regarding contract execution risks.