Creative Newtech has scheduled its 22nd annual general meeting for September 30, 2026. The meeting will address the adoption of financial statements for FY26 and seek shareholder approval for significant corporate actions, including a major related-party transaction and a new employee stock option scheme.

The Board of Directors has recommended a final dividend of Re. 0.50 per equity share of face value ₹10 each for FY26. The record date for dividend eligibility is set for September 23, 2026.

Key Corporate Actions

Shareholders will be asked to approve several resolutions during the meeting, which will be held via video conferencing.

Related Party Transaction Approval

The company seeks approval for transactions with Secure Connection Limited, a Hong Kong-based subsidiary in which Creative Newtech holds a 77.50% stake. Secure Connection Limited holds the brand license for Honeywell products and distributes them across Hong Kong, Southeast Asia, and Pacific countries.

The proposed related-party transaction involves the trading of electronics goods with an aggregate value of up to ₹750 crore for FY27. The company states that these transactions are conducted at arm's length and in the ordinary course of business. Pricing is aligned with prevailing market rates to maintain competitiveness.

Employee Stock Option Scheme

The AGM will consider the implementation of the Creative Employee Stock Option Scheme 2026. The scheme proposes the grant of up to 2,00,000 stock options, representing approximately 1.33% of the issued and paid-up capital.

Benefits under this scheme may be extended to eligible employees of group companies, including holding, subsidiary, and associate entities. The scheme aims to attract and retain talent by aligning employee interests with corporate growth. Options will vest over a period of one to five years, subject to performance conditions determined by the Nomination and Remuneration Committee.

Management Remuneration Revisions

The meeting will also approve revised remuneration packages for key management personnel effective April 1, 2026.

• Ketan Patel, Chairman and Managing Director, will receive a total cost to company (CTC) of ₹158.23 lakh, including a proposed performance bonus of ₹35 lakh.
• Vijay Advani, Whole-time Director, will receive a CTC of ₹81.48 lakh, including a proposed performance bonus of ₹20 lakh.
• Purvi Ketan Patel, Chief Strategy Officer and spouse of Mr. Patel, will receive a CTC of ₹115.10 lakh, including a proposed performance bonus of ₹35 lakh. Her appointment constitutes a related-party transaction under Section 188 of the Companies Act, 2013.

Meeting Logistics

The e-voting period commences on September 27, 2026, at 9:00 am and concludes on September 29, 2026, at 5:00 pm. Shareholders holding shares as of September 23, 2026, are eligible to vote electronically.

Creative Newtech has entered into a distributor agreement with Drona Aviation Private Limited to expand the availability of educational drone kits across India through its nationwide distribution network.

Partnership overview

The collaboration, announced on August 27, 2025, positions Creative Newtech as the pan-India distribution partner for Drona Aviation's educational drone kits and related products. The agreement aims to broaden access to drone-based STEM learning by leveraging Creative Newtech's established market access capabilities and channel relationships.

Key details of the partnership

Under the terms of the agreement, Creative Newtech is granted distribution rights to sell Drona Aviation's products to customers, resellers, and channel partners. The company can also appoint sub-representatives to support distribution within the territory. Sales channels include online platforms, large-format retail stores, corporate clients, and government customers.

Product portfolio

Drona Aviation's product line is designed to make drone technology accessible to beginners and advanced learners:

• Pluto 1.2 DIY Drone Kit: Allows users to build, program, and fly drones with no prior experience. Features include block programming, smartphone control, altitude hold, Wi-Fi connectivity, and OTA functionality. It comes with 16 hours of learning content and 25+ programming projects.
• Pluto X: A modular platform for advanced exploration featuring sensor and hardware integration, API-based programming in C++, and ROS-compatible image processing.
• Guru: A nano-drone for beginners and STEM education, offering block coding, smartphone control, and external sensor integration.

Strategic context

The partnership enables Creative Newtech to leverage Drona Aviation's expertise in drone technology while expanding its reach in the educational products segment. Drona Aviation will support the distribution through online and offline product training, promotional material, technical information, and sales support.

Ketan Patel, Chairman & Managing Director of Creative Newtech, stated that the partnership aligns with the company's expansion into emerging technology categories such as AI, IoT, and drones. He highlighted that Creative Newtech's strength lies in taking promising technologies to market at scale.

Dinesh Sain, Founder of Drona Aviation, noted that the partnership helps take their Pluto ecosystem to a wider audience, aiming to enable young people to progress from being users of technology to becoming creators and innovators.