Key Highlights
- Creative Newtech approved the acquisition of 100% stake in Zicom SaaS for an enterprise value of Rs 50.50 crore.
- The acquisition consideration includes Rs 25 crore in cash and Rs 25.50 crore through a share swap.
- Creative Newtech proposed a preferential allotment of 2,25,000 equity shares at Rs 1,133.33 per share.
- Onyx SaaS Private Limited is expected to hold a 1.48% stake in Creative Newtech after the allotment.
- Zicom SaaS reported FY26 revenue of Rs 20.09 crore compared with Rs 16.64 crore in FY25.
- Zicom SaaS FY26 revenue increased approximately 20.74% year-on-year.
- The acquisition is expected to be completed within three months subject to regulatory approvals.
- Creative Newtech approved the incorporation of a wholly-owned subsidiary in Singapore.
- The proposed Singapore subsidiary will receive an initial investment of up to USD 10,000.
- Creative Newtech scheduled an Extraordinary General Meeting for November 28, 2026.
Creative Newtech Limited has approved the acquisition of 100% equity share capital of Zicom SaaS Private Limited for an enterprise value of approximately Rs 50.50 crore. The company’s board of directors approved the proposal at its meeting held on November 4, 2026, along with a plan to establish a wholly-owned subsidiary in Singapore to strengthen international procurement and supply chain operations.
The proposed acquisition will involve a combination of cash consideration and a share swap. Creative Newtech will pay Rs 25 crore in cash, while the remaining Rs 25.50 crore will be settled through a preferential allotment of 2,25,000 equity shares to Onyx SaaS Private Limited, subject to applicable regulatory requirements and shareholder approval.
The proposed equity shares will have a face value of Rs 10 each and an issue price of Rs 1,133.33 per share, including a premium of Rs 1,123.33. Following the allotment, Onyx SaaS Private Limited is expected to hold a 1.48% stake in Creative Newtech.
Upon completion of the transaction, Zicom SaaS will become a wholly-owned subsidiary of Creative Newtech. The acquisition is subject to definitive agreements, statutory and regulatory approvals, and fulfilment of the required conditions. The company expects to complete the acquisition within three months.
Zicom SaaS Business and Financial Performance
Zicom SaaS Private Limited operates in India’s electronic security and surveillance industry. Established in 2011 as part of the Zicom Group, the company provides technology-enabled security services, including 24×7 remote surveillance monitoring, ATM active deterrence, virtual security guard services, command and control centre operations, CCTV health monitoring and AI-enabled video analytics.
The company also offers AIoT-enabled solutions and residential security services, with a business model that includes recurring subscription-based revenue from monitoring, maintenance and managed security services.
Zicom SaaS reported revenue from operations of Rs 20.09 crore in FY26, compared with Rs 16.64 crore in FY25 and Rs 16.15 crore in FY24. Its revenue increased by approximately 20.74% year-on-year in FY26.
For FY26, the company reported total assets of Rs 52.55 crore and a net worth of Rs 25.62 crore. Its paid-up equity share capital stood at Rs 20 crore.
Creative Newtech expects the acquisition to strengthen its presence in the electronic security and surveillance business by combining its technology distribution capabilities and market reach with Zicom SaaS’s security monitoring infrastructure and managed services.
The transaction is also expected to create opportunities to expand integrated hardware and service offerings across banking, enterprise, institutional and residential security segments. The company plans to explore recurring revenue opportunities through subscription-based monitoring, maintenance and surveillance services.
Creative Newtech Approves Singapore Subsidiary
In addition to the acquisition, Creative Newtech’s board approved the incorporation of a wholly-owned subsidiary in Singapore, subject to approval of the proposed name by the relevant authorities.
The proposed subsidiary will primarily focus on streamlining international procurement operations, improving supply chain efficiency, optimising sourcing costs and coordinating with global vendors.
The Singapore entity is also expected to help Creative Newtech explore new sourcing opportunities, negotiate competitive commercial terms, diversify its supplier base and strengthen access to international markets.
The company has proposed an initial investment of up to USD 10,000 for the Singapore subsidiary, which will be funded through cash consideration. The incorporation will be subject to applicable regulatory and statutory approvals in India and Singapore, including foreign exchange and overseas investment requirements.
The board also approved the draft notice for an Extraordinary General Meeting scheduled for November 28, 2026, to seek shareholder approval for the proposed transactions, including the preferential issue of equity shares.