Creative Newtech approves Rs 50.50 crore acquisition of Zicom SaaS

Acquisition announcedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+15.3%Reaction day

₹1185.60

prior close

₹1306.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+13.1% vs market

Trading & Distributors peers, median of 134sector+1.1%+14.2% vs sector

On the reaction day the stock moved 13.1 pts more than Nifty Microcap 250 and 14.2 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+15.3+2.2+13.1+1.1+14.2

Next day

+16.1+3.3+12.7+1.2+14.8

+11.9pendingpending+0.8+11.1

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 134Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Creative Newtech's board approved buying 100% of Zicom SaaS Private Limited for about Rs 50.50 crore enterprise value. Rs 25 crore is cash and Rs 25.50 crore is a share swap involving 225,000 new Creative Newtech shares at Rs 1,133.33 each. Shareholders will vote on 28 November 2026, and approvals and closing formalities remain pending. The deal adds 24x7 monitoring, AI surveillance and managed security services, with potential recurring revenue.

Likely market impact

The deal may add recurring revenue and expand security services, but the share swap will dilute existing holders; benefits depend on approvals.