Creative Newtech Clarifies FCI Smart Warehousing Project Contracting
Creative Newtech Limited (CNL) clarified its contracting arrangement for the ₹35.89 crore FCI Smart Warehousing Project. CNL received the order from its SI partner, NebulArc Technologies, which is the direct counterparty, while FCI is the project authority. Project scope, value, and timeline remain unchanged.
This is a clarification of the contracting structure and does not alter the fundamental details or value of the project previously announced, thus having a minimal impact.
The announcement is a clarification of existing information and does not introduce new positive or negative developments regarding the project's value, scope, or execution.
Creative Newtech Limited (CNL) has issued a clarification regarding its FCI Smart Warehousing Project, following announcements made on 12th May 2026 and 13th May 2026.
The company aims to provide complete clarity on the contracting arrangement for the project, valued at ₹35.89 crore.
CNL has clarified that the Food Corporation of India (FCI) is the project authority. The project was awarded by FCI to CNL's System Integrator (SI) partner, NebulArc Technologies Private Limited. Creative Newtech Limited has received the order for its assigned scope of work directly from NebulArc.
This clarification is being issued to specify that NebulArc Technologies Private Limited is CNL's direct contracting counterparty, while FCI remains the project authority. The original media release had already mentioned the SI partnership and CNL's implementation strength.
Except for this clarification on the contracting structure, there are no changes to the project's substance, scope, value, or CNL's participation. CNL continues to execute its assigned scope of work, which includes the deployment of surveillance and AI-based smart warehousing infrastructure across 150 FCI depots. The original disclosure of the order value (₹35.89 crore), scope of work, coverage of 150 depots, execution timeline (final commissioning within 180 days), and AMC support (three years) remain unchanged.
The company's promoter, promoter group, and group companies have no interest in NebulArc Technologies Private Limited, and the contract does not fall under related party transactions. The details provided in Annexure A align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Creative Newtech Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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