Creative Newtech Limited shareholders unanimously approved all resolutions at the company's 22nd Annual General Meeting, including the declaration of a final dividend and the implementation of a new employee stock option plan.

The meeting was held on September 30, 2026, via video conferencing. The scrutiniser's report confirmed that all ordinary and special resolutions passed with 100% of valid votes cast in favour, with no votes against or invalid votes recorded for any item. A total of nine resolutions were passed during the session.

Key Resolutions Passed

The following significant business items were transacted during the meeting:

• Adoption of Financial Statements: The audited financial statements for FY26 were adopted.
• Final Dividend: The declaration of a final dividend of ₹0.50 per equity share was approved.
• Director Re-appointment: Ketan Patel was re-appointed as a director liable to retire by rotation.
• Related Party Transactions: Approval was granted for related party transactions with Secure Connection Limited (Hong Kong) up to ₹750 crore.
• ESOP Scheme: The Creative Employee Stock Option Scheme 2026 was approved, along with its extension to eligible employees of group companies.
• Remuneration Revisions: Special resolutions approving revised remuneration for Ketan Patel (Chairman and Managing Director), Vijay Advani (Whole-time Director), and Purvi Ketan Patel (Chief Strategy Officer) were passed.

Voting Results Summary

The e-voting process, conducted through Bigshare Services Private Limited, showed strong shareholder support across all agenda items. Promoter group participation was high for non-conflict items, while public non-institutional investors drove voting on conflicted matters.

What the Numbers Show

A distinct pattern in voting participation is evident when comparing the resolutions. Resolutions related to core financial approvals, the new ESOP scheme, and remuneration for Vijay Advani attracted 8 members casting 8,599,692 votes. In contrast, resolutions concerning director re-appointment, specific remuneration revisions for Ketan Patel and Purvi Ketan Patel, and related party transactions saw only 6 members casting 100,972 votes.

This suggests that a subset of shareholders holding approximately 8.5 million shares did not vote on specific executive compensation or related-party items, likely due to conflict-of-interest exclusions where promoters abstained, while maintaining full support for broader corporate actions like dividends and ESOPs. Notably, Vijay Advani's remuneration revision attracted the larger vote count, indicating he may not be classified as an interested party in that specific resolution compared to the Patels.

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.