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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Creative Newtech Ltd

Creative Newtech Approves Zicom SaaS Acquisition for Rs. 50.50 Crore

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 12:25 PM IST  ·  BSE ID: 040b90e4-29b1-43b2-a3f9-e752102520ad
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is buying another business for Rs. 50.50 crore using shares and cash, and will also set up an overseas office.
🤖 AI Summary
  • Creative Newtech to acquire Zicom SaaS for Rs. 50.50 crore.
  • Acquisition includes Rs. 25.50 crore share swap via preferential allotment.
  • Rs. 25.00 crore cash component for Zicom SaaS acquisition.
  • Company to incorporate a new subsidiary in Singapore.
  • Board approved draft notice for EGM on November 28, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Acquisition Consideration (Zicom SaaS)
Rs. 50.50 crore
Share Swap Consideration
Rs. 25.50 crore
Cash Consideration
Rs. 25.00 crore
Zicom SaaS FY26 Revenue
Rs. 20.09 crore
Zicom SaaS FY26 Total Assets
Rs. 52.55 crore
Zicom SaaS FY26 Net Worth
Rs. 25.62 crore
Zicom SaaS Equity Share Capital
Rs. 20.00 crore
Preferential Allotment Shares
2,25,000 equity shares
Extraordinary General Meeting Date
28th November 2026
🏢 How This Affects the Company
📈
Business Impact
Acquiring Zicom SaaS will integrate electronic security and surveillance services, potentially expanding Creative Newtech's offerings and market reach in this segment. The Singapore subsidiary aims to streamline international procurement and enhance supply chain efficiency.
💰
Financial Impact
The acquisition involves a significant cash outlay of Rs. 25.00 crore and a preferential share issuance, impacting the company's cash reserves and equity structure. Zicom SaaS's reported FY26 revenue was Rs. 20.09 crore.
⚙️
Operational Impact
Zicom SaaS will become a wholly-owned subsidiary, integrating its operations into Creative Newtech's structure. The Singapore subsidiary is intended to optimize global sourcing and vendor relationships.
⚠️
Risk Impact
The acquisition is subject to definitive documentation, statutory, and regulatory approvals, introducing completion risk. The preferential issue requires shareholder approval, carrying execution risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to vote on the preferential issue of equity shares for the acquisition at the Extraordinary General Meeting.
👤
Who Is Affected
All equity shareholders are affected as the preferential issue will alter the company's equity structure.
🔍
Management Signal
Management is signaling a strategic intent to expand through acquisitions and enhance global operational capabilities.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Shareholder approval for preferential issue at EGM.
Completion of definitive documentation for Zicom SaaS acquisition.
Progress on incorporation of Singapore subsidiary.
MEDIUM RISK Acquisition completion is subject to approvals and definitive agreements.
💡 Investor Takeaway
Creative Newtech Limited's board approved acquiring Zicom SaaS for Rs. 50.50 crore (Rs. 25.50 cr share swap, Rs. 25.00 cr cash) and establishing a Singapore subsidiary.
⚖️ Strengths & Concerns

✅ Positives

  • Acquisition of Zicom SaaS for Rs. 50.50 crore enhances security services portfolio.
  • Singapore subsidiary incorporation to optimize international procurement and supply chain.

⚠️ Concerns

  • Zicom SaaS reported Rs. 20.09 crore revenue in FY26, with Rs. 52.55 crore assets and Rs. 25.62 crore net worth.
  • Acquisition involves share swap and cash, impacting equity and cash reserves.
❓ Frequently Asked Questions
What is the total consideration for Creative Newtech's acquisition of Zicom SaaS Private Limited?
The aggregate proposed consideration for the acquisition of Zicom SaaS Private Limited is approximately Rs. 50.50 crore.
How will Creative Newtech fund the Zicom SaaS acquisition?
The acquisition will be funded by approximately Rs. 25.50 crore through a share swap and Rs. 25.00 crore via cash consideration.
What business is Zicom SaaS Private Limited engaged in?
Zicom SaaS Private Limited is engaged in providing electronic security, surveillance, remote monitoring, and technology-enabled security services.
What were Zicom SaaS's financial results for FY 2025-26?
For FY 2025-26, Zicom SaaS reported revenue from operations of Rs. 20.09 crore, total assets of Rs. 52.55 crore, and net worth of Rs. 25.62 crore.
When will Creative Newtech hold its Extraordinary General Meeting?
Creative Newtech Limited has scheduled its Extraordinary General Meeting for Saturday, 28th November 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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