Creative Newtech Approves Rs 50.50 Crore Zicom SaaS Acquisition

Board approved 100% buy of Zicom SaaS for Rs 50.5 Cr (Rs 25 Cr cash plus 2,25,000 shares at Rs 1133.33 to Onyx SaaS). Approved Singapore WOS with USD 10k capital. EGM on 28 Nov 2026. Adds recurring SaaS monitoring and command-centre capability to surveillance push, complementing pending hardware deal and STQC tie-ups and shift from distribution to services. 1.48% dilution plus Rs 25 Cr cash; needs shareholder and exchange nods, close in 3 months. Target did Rs 20.09 Cr revenue in FY26. Singapore name, funding and ramp undisclosed.