Date: 04th November 2026

Acquisition Details

Creative Newtech Limited Board of Directors approved the acquisition of 100% equity share capital of Zicom SaaS Private Limited from its holding company Onyx SaaS Private Limited for a total consideration of approximately ₹50.50 crore (Enterprise Value).

The acquisition consideration comprises:

  • ₹25.00 crore payable in cash
  • Approximately ₹25.50 crore through share swap arrangement involving preferential issue of 2,25,000 equity shares of Creative Newtech Limited at an issue price of ₹1,133.33 per equity share

Transaction Structure and Approvals

The Board approved convening an Extraordinary General Meeting (EGM) of shareholders on Saturday, 28th November 2026 to seek approval for the preferential issue of equity shares towards the share swap consideration, in accordance with applicable provisions of SEBI ICDR Regulations, 2018.

The acquisition is subject to requisite shareholders' and regulatory approvals, execution of necessary transaction documents, and completion of applicable formalities.

Target Company Business Overview

Zicom SaaS Private Limited is an established player in India's electronic security industry, specializing in:

  • Security as a Service (SaaS)
  • Intelligent surveillance
  • 24×7 centralised monitoring
  • AI-enabled security solutions
  • Managed security services

Principal offerings include:

  • 24×7 Command and Control Centre for centralised monitoring of large networks
  • ATM Active Deterrence with AI-enabled detection of suspicious activity
  • Virtual Security Guard with centrally monitored cameras and remote intervention
  • Surveillance System Health Monitoring with automated alerts
  • AIoT Solutions for energy management, attendance monitoring, and footfall counting
  • Residential Security (MYCS - Make Your City Safe) serving over 4,500 housing societies across 800+ cities
  • Infrastructure as a Service (IaaS) for large customers including banking sector

Strategic Rationale

The acquisition aims to strengthen Creative Newtech's presence in surveillance and security solutions industry by:

  • Combining Creative Newtech's established technology distribution network and channel partnerships with Zicom's monitoring infrastructure and technical capabilities
  • Supporting transition from distribution-led business model towards integrated, technology-led surveillance and managed security services platform
  • Creating opportunities for recurring revenue through service arrangements
  • Enabling cross-selling and participation in larger enterprise and institutional surveillance projects
  • Expanding from product sales to long-term service relationships with bundled offerings

Expected Benefits

  • Addition of centralised monitoring, analytics, remote intervention and ongoing maintenance capabilities
  • Scope for longer-term service arrangements and improved revenue visibility
  • Potential to combine hardware, software, monitoring and service support under integrated solutions
  • Opportunities to introduce Creative Newtech's products to Zicom's existing customers and extend Zicom's services through Creative Newtech's channel network
  • Improved ability to pursue larger banking, enterprise, industrial and government surveillance projects

Management Commentary

Mr. Ketan Patel, Chairman & Managing Director stated: "The proposed acquisition of Zicom SaaS is an important step... We see an opportunity to combine these capabilities and offer customers a wider range of solutions, supported by ongoing services. Subject to successful completion and integration, our objective is to build surveillance and managed security services into a significant long-term business vertical for Creative Newtech."

Company Background

Creative Newtech Limited is an ISO 9001:2015 certified company established in 1992, specializing in technology distribution with:

  • Omni-channel network across online, offline and retail trade
  • Association with over 20 renowned global brands
  • End-to-end solutions including market research, import, distribution, sales and servicing
  • Services spanning warranty and post-warranty support, high-level repair services, and response centers

Not Specified Sections

No material disclosures under the following sections: Financial Results, Dividend Declaration, KMP/Board/Auditor Changes, Auditor's Report, Disinvestment/Strategic Actions beyond the acquisition.