Key Transaction Details

  • The Board of Directors of Creative Newtech Limited approved the proposed acquisition of 100% of the equity share capital of Infinova (India) Private Limited at its meeting held on Monday, 13th July 2026 at 11:00 a.m.
  • The Board approved a budget of up to USD 4.00 Million (US Dollar Four Million only) for this acquisition.
  • The proposed acquisition includes Infinova's business operations in India, exclusive brand rights, technical assistance, existing experienced team, product assembly and manufacturing facility.
  • The budget includes consideration payable to the Infinova Group at closing, acquisition-related transaction costs, and professional fees and expenses.
  • The transaction is subject to satisfactory due diligence, necessary approvals and execution of definitive agreements.

Strategic Rationale

  • The acquisition is expected to provide Creative Newtech with a strong foundation to progressively build its own Make in India surveillance technology platform.
  • Supports the Company's transition from a primarily distribution-led model to a more integrated, technology-led surveillance business platform.
  • Provides local assembly and manufacturing capability, product ownership and stronger after-sales support.
  • Expected to create operational and market synergies across infrastructure, industrial, government, enterprise, institutional, and commercial segments.

About Infinova India

  • Established player in Security Surveillance Solutions space in India
  • Engaged in assembly manufacturing, supply, integration, service, and support of electronic security and video surveillance solutions
  • Has a local assembly and manufacturing facility in Pune, India
  • Comprehensive product portfolio includes high-definition smart IP cameras, specialized cameras, intelligent video management software, network video recorders, video analytics, and AI-based solutions
  • Notable project references include Mumbai Safe City, Nagpur Smart City, 61+ airports across India, Bangalore Metro, Dhaka Metro, IOCL, BPCL, HPCL, ONGC, NTPC, RCF, Bihar and Gujarat Jails and District Courts, Navy installations, and SHAR

About Infinova Global Group

  • Established in 1993, headquartered in New Jersey, USA
  • Leading Global Security Products Manufacturer with offices worldwide
  • Specializes in Integrated Video Surveillance Solutions
  • At historical peak, generated annual revenues in excess of approximately USD 450 million
  • Achieved Top 20 global ranking in A&S Security 50 industry rankings
  • International project deployments include Yas Mall (UAE), Kuwait Customs facilities, Amiri Diwan Halls in Qatar, Rompetrol Rafinare S.A. Refinery in Romania, and Turkey Metro

Industry Context

  • India's video surveillance market estimated at USD 4.8 billion in 2025, projected to grow to USD 12.25 billion by 2030 (CAGR 20-21%)
  • Growth driven by Smart Cities Mission, Safe City Projects, and infrastructure upgrades
  • Government deployments include over 76,000 surveillance cameras across 100+ cities
  • Regulatory emphasis on trusted, compliant and domestically manufactured surveillance systems
  • Technological transition from conventional CCTV to AI-enabled, IP-based surveillance platforms

Transaction Advisors

  • Cumulative Ventures LLP acting as exclusive financial advisor

Management Commentary

Mr. Ketan Patel, Chairman & Managing Director: "This proposed acquisition will be a significant milestone in our journey of building a strong and future-ready surveillance platform with a clear focus on Make in India. The market is clearly shifting towards trusted, locally manufactured surveillance solutions. Infinova India will add credible manufacturing capability, product ownership and an established service network."

Next Steps

The Company will update the Stock Exchanges and stakeholders with final closing details and accurate transaction numbers upon completion of the transaction, which remains subject to conditions precedent.

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