Creative Newtech Limited has informed the Exchange regarding 'Creative Newtech Limited announces PAN-India distribution agreement with Sparsh (Samriddhi Automations Private Limited)'.
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Creative Newtech Limited has signed a PAN-India distribution agreement with Sparsh, which is the brand identity of Samriddhi Automations Private Limited. Through this partnership, Creative Newtech will distribute Sparsh's products across India. Sparsh is a recognised name in the security and surveillance solutions segment. The agreement is expected to expand Creative Newtech's product portfolio and national reach in the security solutions market. The financial terms and revenue impact of the deal have not been disclosed in the filing.
Positive for shareholders as the partnership strengthens Creative Newtech's distribution footprint and adds a reputed brand to its portfolio, potentially driving future revenue growth in the security solutions segment.