Creative Newtech proposes Rs 50.50 crore Zicom SaaS acquisition

Creative Newtech Limited proposed on 4 November 2026 to acquire 100% of Zicom SaaS Private Limited for approximately Rs 50.50 crore in enterprise value, comprising Rs 25.00 crore in cash and approximately Rs 25.50 crore of new shares, subject to shareholder, regulatory and completion approvals.

What is Creative Newtech acquiring from Onyx SaaS?

Creative Newtech is proposing to acquire the entire equity share capital of Zicom SaaS from its holding company, Onyx SaaS Private Limited, for approximately Rs 50.50 crore. The board approved the proposed transaction at its meeting on 4 November 2026, while describing the price as an enterprise value.

Zicom SaaS was established in 2011 as part of the Zicom Group, whose roots in India’s electronic-security industry date to the 1990s. Its Security as a Service model combines surveillance equipment, remote monitoring, maintenance and security management for recurring subscription charges rather than limiting its activity to closed-circuit television, or CCTV, equipment sales.

Zicom SaaS can monitor geographically dispersed bank branches, automated teller machines, retail outlets and other business premises through its centralised infrastructure. Its stated offerings include a 24×7 Command and Control Centre, artificial intelligence-enabled security tools, managed security services and surveillance-system health monitoring.

How is Creative Newtech paying for Zicom SaaS?

Creative Newtech proposes to pay Rs 25.00 crore in cash and approximately Rs 25.50 crore through a share swap, making the cash and equity components broadly equal within the total Rs 50.50 crore consideration. The non-cash portion involves a proposed preferential issue of 2,25,000 new equity shares to the seller.

Creative Newtech has set the proposed issue price at Rs 1,133.33 per equity share under the Securities and Exchange Board of India, or SEBI, Issue of Capital and Disclosure Requirements Regulations, 2018. The filing does not disclose Zicom SaaS revenue, profit, net debt, closing date or separate valuations for its monitoring, subscription and equipment activities.

The payment mix distinguishes a Rs 25.00 crore cash outlay from an approximately Rs 25.50 crore equity issue, rather than allocating consideration by business segment. The 2,25,000 proposed shares are consideration for the acquisition, not a separately announced fundraising exercise.

When will Creative Newtech shareholders vote on the share issue?

Creative Newtech has called an Extraordinary General Meeting, or EGM, for 28 November 2026 to seek shareholder approval for the preferential issue of 2,25,000 shares. The EGM is scheduled 24 days after the board approved the acquisition proposal on 4 November 2026.

The board approval does not complete the proposed 100% acquisition of Zicom SaaS. Creative Newtech said the transaction remains subject to shareholder and regulatory approvals where applicable, execution of transaction documents and completion of applicable formalities.

Creative Newtech said it would update stock exchanges and stakeholders on further developments and completion, as applicable. The announcement does not state whether regulatory approvals have been received, whether any conditions have been fulfilled or when the Rs 25.00 crore cash component would be paid.

Why does Creative Newtech want to buy Zicom SaaS?

Creative Newtech says Zicom SaaS would add centralised monitoring infrastructure, Command and Control Centre operations, intelligent video analytics, remote intervention and maintenance capabilities to its technology-distribution and channel network. Management presents the proposed combination as a move from a primarily distribution-led model towards an integrated surveillance and managed-security-services platform.

The business models differ in mechanism: Creative Newtech distributes technology products, including surveillance and networking products, while Zicom SaaS provides ongoing monitoring, maintenance and security-management services. Creative Newtech says this combination could support monthly or annual arrangements covering cameras, recording equipment, installation, remote monitoring and maintenance, subject to commercial feasibility, technical compatibility and customer requirements.

Management has identified cross-selling as one proposed route to growth. Zicom SaaS’s banking, enterprise and residential customers could require surveillance equipment, replacements and upgrades, while Creative Newtech’s channel network could extend managed-security services into additional markets.

Creative Newtech also says a combined offering could cover equipment, installation, integration, analytics, monitoring and maintenance under a coordinated security contract. The filing identifies banking, financial services, retail, industrial sites, warehouses, offices and residential communities as settings for those services.

What services could Zicom SaaS add to Creative Newtech?

Zicom SaaS could add a 24×7 Command and Control Centre for centralised monitoring of large site networks, real-time alerts and coordinated incident response. Its ATM Active Deterrence service uses artificial intelligence-enabled detection of suspicious activity or equipment tampering, with operator verification and two-way audio warnings where installed systems permit.

Its Virtual Security Guard service combines centrally monitored cameras, sensors and remote intervention to supplement physical guarding at selected locations. Surveillance System Health Monitoring sends alerts for camera malfunction, hard-disk failure, recording interruptions and connectivity loss, while artificial intelligence of things, or AIoT, applications cover energy management, attendance monitoring, footfall counting and video-based housekeeping and hygiene monitoring.

Zicom SaaS also offers MYCS, or Make Your City Safe, for residential surveillance, access control and equipment maintenance. According to information cited in Zicom SaaS business materials, MYCS serves more than 4,500 housing societies through a service network spanning over 800 cities and towns.

The same installed surveillance infrastructure may support both security and operational applications, including customer footfall, attendance, store operations and energy usage. Creative Newtech says the expected benefits of the deal will depend on completion and integration, customer adoption, contract economics, capital requirements and execution of the combined strategy.

Conclusion

Creative Newtech’s proposed Rs 50.50 crore acquisition would combine Rs 25.00 crore of cash consideration with approximately Rs 25.50 crore of equity consideration for full ownership of Zicom SaaS. The stated rationale is to pair Creative Newtech’s distribution and channel network with Zicom SaaS’s monitoring, analytics, maintenance and subscription-based service capabilities.

The next disclosed event is the 28 November 2026 EGM on the proposed issue of 2,25,000 shares at Rs 1,133.33 each. What to watch next is Creative Newtech’s disclosure on shareholder and regulatory approvals, transaction documentation, completion formalities and the integration of Zicom SaaS’s security-service operations.