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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 to Acquire Zicom SaaS for Rs. 50.50 Crore Enterprise Value

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 12:37 PM IST  ·  BSE ID: 36253ecc-fd3f-455b-9dd7-81dff524d5e3
View Original BSE Filing (PDF)
💡
In Simple Terms
Creative Newtech is buying Zicom SaaS for about Rs. 50.50 Crore, partly cash and partly by issuing new shares.
🤖 AI Summary
  • Creative Newtech's Board approved acquiring 100% of Zicom SaaS Private Limited for approximately Rs. 50.50 Crore (Enterprise Value).
  • Acquisition consideration includes Rs. 25.00 Crore cash and approximately Rs. 25.50 Crore via preferential share issue.
  • 2,25,000 equity shares of Creative Newtech will be issued at Rs. 1,133.33 per share for the share swap.
  • An Extraordinary General Meeting (EGM) is scheduled for 28th November 2026 for shareholder approval of the share swap.
  • The acquisition aims to strengthen Creative Newtech's surveillance and managed security services business.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Acquisition Consideration (Enterprise Value)
approximately Rs. 50.50 Crore
Cash Component
Rs. 25.00 Crore
Share Swap Component
approximately Rs. 25.50 Crore
Number of Equity Shares for Share Swap
2,25,000 equity shares
Issue Price per Equity Share
Rs. 1,133.33 per equity share
🏢 How This Affects the Company
📈
Business Impact
This acquisition integrates Zicom SaaS's Security as a Service (SaaS) model, intelligent surveillance, and managed security services, expanding Creative Newtech's offerings beyond technology distribution into recurring revenue services.
💰
Financial Impact
The transaction involves a Rs. 25.00 Crore cash outlay and approximately Rs. 25.50 Crore through a share swap, which will impact the company's cash reserves and equity base.
⚙️
Operational Impact
Creative Newtech will gain Zicom SaaS's centralised monitoring infrastructure, technical capabilities, and existing customer relationships, enhancing its operational capacity in security solutions.
⚠️
Risk Impact
The transaction is subject to requisite shareholder and regulatory approvals, along with the execution of necessary transaction documents, introducing completion risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to approve the preferential issue of equity shares at the Extraordinary General Meeting (EGM) scheduled for Saturday, 28th November 2026.
👤
Who Is Affected
Shareholders will be affected by the potential dilution due to the preferential issue of 2,25,000 equity shares of Creative Newtech Limited for approximately Rs. 25.50 Crore as part of the acquisition consideration.
🔍
Management Signal
The decision indicates management's intent to diversify from a primarily distribution-led model towards an integrated, technology-led surveillance and managed security services platform, pursuing recurring revenue.

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

👁 Watch List - track these upcoming events
Shareholder EGM on 28th November 2026 for approval of preferential issue.
Further updates from Creative Newtech regarding completion of acquisition.
Future financial results to assess integration and revenue model shift.
MEDIUM RISK The acquisition is subject to shareholder and regulatory approvals, posing completion risk.
💡 Investor Takeaway
Creative Newtech's Board approved the acquisition of 100% of Zicom SaaS for approximately Rs. 50.50 Crore. The deal involves Rs. 25.00 Crore cash and approximately Rs. 25.50 Crore via a preferential share issue of 2,25,000 shares at Rs. 1,133.33 per share. Shareholder approval for the share swap is pending at an EGM on 28th November 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Acquisition of Zicom SaaS aims to transition Creative Newtech towards an integrated, technology-led surveillance and managed security services platform.
  • Proposed transaction can enable recurring revenue streams, cross-selling opportunities, and participation in larger enterprise projects.

⚠️ Concerns

  • Approximately 50% of the consideration, Rs. 25.00 Crore, will be paid in cash, impacting immediate liquidity.
  • The acquisition is subject to shareholder and regulatory approvals, and completion of formalities, indicating conditions precedent.
📅 Company Track Record
Creative Newtech Limited previously proposed to acquire Infinova (India) Private Limited for up to USD 4.00 Million on 13th July 2026, indicating a strategic focus on expanding its security and surveillance business through acquisitions.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total acquisition cost for Creative Newtech's purchase of Zicom SaaS?
Creative Newtech Limited approved the acquisition of Zicom SaaS Private Limited for a total consideration of approximately Rs. 50.50 Crore (Enterprise Value).
How will Creative Newtech pay for the Zicom SaaS acquisition?
The acquisition consideration comprises Rs. 25.00 Crore payable in cash and approximately Rs. 25.50 Crore through a share swap arrangement.
What are the terms of the share swap for the Zicom SaaS acquisition?
The share swap involves the preferential issue of 2,25,000 equity shares of Creative Newtech Limited at an issue price of Rs. 1,133.33 per equity share.
When is the Extraordinary General Meeting (EGM) for the Zicom SaaS acquisition?
An EGM is scheduled for Saturday, 28th November 2026, to seek shareholder approval for the preferential issue of equity shares towards the share swap consideration.

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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