CNL to acquire Zicom SaaS for ₹50.50 Cr; to set up Singapore subsidiary
Creative Newtech Limited will acquire Zicom SaaS Private Limited for ₹50.50 crore through a mix of share swap and cash. CNL will also set up a subsidiary in Singapore to streamline international procurement. An EGM is scheduled for November 28, 2026, to approve the preferential issue for the acquisition.
The acquisition of a subsidiary and the establishment of an international subsidiary are significant strategic moves that are likely to have a substantial impact on the company's future operations, market position, and financial performance.
The company is undertaking strategic acquisitions and expanding its global presence, which are positive developments indicating growth and strategic planning.
Creative Newtech Limited (CNL) announced a significant strategic move following its Board of Directors meeting held on November 04, 2026. The company has approved the acquisition of Zicom SaaS Private Limited, a company engaged in electronic security and surveillance services, for an aggregate consideration of approximately ₹50.50 crore (Enterprise Value).
The acquisition will be structured through a combination of share swap and cash. Approximately ₹25.50 crore will be paid via a preferential allotment of 2,25,000 equity shares of CNL to Onyx SaaS Private Limited. The remaining ₹25.00 crore will be paid in cash. Upon completion, Zicom SaaS will become a wholly-owned subsidiary of CNL. The acquisition is expected to enhance CNL's capabilities in the surveillance and electronic security solutions market, opening avenues for integrated offerings and recurring revenue streams. The deal is anticipated to be completed within three months, subject to necessary approvals and definitive agreements.
In parallel, CNL also approved the incorporation of a wholly-owned subsidiary in Singapore. This subsidiary aims to streamline international procurement operations, improve supply chain efficiency, optimize sourcing costs, and strengthen coordination with global vendors. The initial capital for this entity will be up to USD 10,000.
The Board also approved the draft notice for an Extraordinary General Meeting (EGM) to be held on Saturday, November 28, 2026, to seek shareholder approval for the preferential issue related to the Zicom SaaS acquisition.
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Creative Newtech Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Creative Newtech Limited. Read the original for the full detail.