Creative Newtech to acquire Zicom SaaS for ₹50.50 Crore, boosting security services
Creative Newtech Limited will acquire Zicom SaaS Private Limited for approximately ₹50.50 Crore. The deal includes ₹25 Crore cash and ₹25.50 Crore via preferential share issue. An EGM is scheduled for November 28, 2026, to approve the share swap. This acquisition aims to strengthen CNL's surveillance and managed security services.
The acquisition represents a significant strategic move for Creative Newtech, involving a substantial transaction value and a clear intent to transform its business model towards higher-margin, recurring revenue services in a growing market sector. This is likely to have a considerable impact on its future growth and profitability.
The acquisition of Zicom SaaS Private Limited is expected to strengthen Creative Newtech's market position in surveillance and managed security services, create recurring revenue streams, and facilitate a transition to a technology-led business model, all of which are positive developments for the company.
Creative Newtech Limited announced that its Board of Directors, in a meeting held on November 4, 2026, approved the acquisition of 100% of the equity share capital of Zicom SaaS Private Limited. The total consideration for this acquisition is approximately ₹50.50 Crore (Enterprise Value).
The acquisition will be funded through a combination of cash and a share swap. Creative Newtech will pay ₹25.00 Crore in cash and approximately ₹25.50 Crore through a preferential issue of 2,25,000 equity shares at an issue price of ₹1,133.33 per equity share. This preferential issue requires shareholder approval.
To obtain this approval, the company has also approved convening an Extraordinary General Meeting (EGM) of its shareholders on Saturday, November 28, 2026. This meeting is necessary to seek consent for the preferential issuance of equity shares as part of the share swap consideration, in compliance with SEBI ICDR Regulations, 2018.
Zicom SaaS Private Limited is recognized for its expertise in Security as a Service (SaaS), intelligent surveillance, 24x7 centralized monitoring, AI-enabled security solutions, and managed security services within India's electronic security industry. The acquisition is strategically aimed at enhancing Creative Newtech's footprint in the surveillance and security solutions sector. By integrating Zicom's monitoring infrastructure, technical capabilities, and customer base with Creative Newtech's existing distribution network and channel partnerships, the company anticipates a significant strengthening of its market position.
This move is expected to facilitate Creative Newtech's transition from a distribution-focused model to a more integrated, technology-driven platform for surveillance and managed security services. The company foresees opportunities for recurring revenue, cross-selling, and participation in larger enterprise and institutional surveillance projects. The transaction is subject to necessary shareholder and regulatory approvals, along with the finalization of transaction documents and other formalities.
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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.