Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: Wednesday, 04th November 2026

Meeting Time: Commenced at 10:30 AM and concluded at 12:00 Noon

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance: Not Specified

Corporate Actions:

1. Acquisition of Zicom SaaS Private Limited:

  • Approved acquisition of 100% paid-up equity share capital of Zicom SaaS Private Limited
  • Aggregate proposed consideration: Approximately ₹50.50 crore (Enterprise Value)
  • Consideration structure:
  • ₹25.50 crore through share swap via preferential allotment of 2,25,000 equity shares of face value ₹10 each to Onyx SaaS Private Limited
  • ₹25.00 crore through cash consideration
  • Zicom SaaS will become a wholly-owned subsidiary upon completion
  • Target company details:
  • Paid-up equity share capital: ₹20.00 crore (2,00,00,000 equity shares of ₹10 each)
  • FY 2025-26 revenue from operations: ₹20.09 crore
  • FY 2025-26 total assets: ₹52.55 crore
  • FY 2025-26 net worth: ₹25.62 crore
  • Historical revenue: FY 2023-24: ₹16.15 crore; FY 2024-25: ₹16.64 crore; FY 2025-26: ₹20.09 crore
  • Industry: Electronic security, surveillance, Security as a Service (SaaS), remote monitoring, video analytics, AI-enabled security solutions
  • Expected completion timeline: Within 3 months subject to approvals
  • Requires shareholder approval through EGM

2. Preferential Issue of Equity Shares:

  • Type: Preferential issue for consideration other than cash (share swap)
  • Securities: Equity shares of face value ₹10 each
  • Quantity: Maximum 2,25,000 shares
  • Issue price: ₹1,133.33 per share (including premium of ₹1,123.33 each)
  • Aggregate amount: Up to ₹25,50,00,000
  • Allottee: Onyx SaaS Private Limited
  • Post-allotment holding: 2,25,000 shares (1.48% of post-issue capital)

3. Incorporation of Singapore Subsidiary:

  • Approved incorporation of wholly-owned subsidiary in Singapore
  • Purpose: Streamlining international procurement operations, improving supply chain efficiency, optimizing sourcing costs, better coordination with global vendors
  • Initial capital: Up to USD 10,000 (United States Dollars Ten Thousand only)
  • Industry: Information Technology, Consumer Electronic Hardware & Software Products & servers
  • Requires compliance with FEMA and Indian overseas investment requirements

4. Extraordinary General Meeting:

  • Draft notice approved for EGM to be held on Saturday, 28th November 2026
  • Purpose: To seek shareholder approvals for preferential issue of equity shares towards share swap consideration for acquisition

Other Significant Information:

  • The acquisition is intended to strengthen Creative Newtech's presence in surveillance and electronic security solutions business
  • Expected benefits: Combined technology distribution capabilities with Zicom SaaS's security monitoring infrastructure, command and control centre operations, intelligent video analytics
  • Opportunities for integrated hardware and service offerings, expansion into banking, enterprise, institutional and residential security segments
  • Development of recurring revenue streams through subscription-based monitoring, maintenance and surveillance services

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