Creative Newtech Limited has partnered with Jupiter Electric Mobility Private Limited (JEM) to distribute drone batteries across India. The agreement, announced on August 27, 2026, leverages Creative Newtech’s nationwide distribution network to expand the availability of JEM’s power solutions for the country’s growing drone ecosystem.

The partnership designates Creative Newtech as the pan-India distributor for JEM’s drone batteries. Under the terms, Creative Newtech will sell directly to customers and resellers while also appointing partners and sub-representatives. JEM will support the initiative through product training, promotional materials, and technical sales assistance.

Product Focus

The initial portfolio centers on the JEM Vaayu 1.0, a BIS-certified battery developed for agricultural drones. Key specifications include:

The battery incorporates thermal management features designed to handle heat and vibration during intensive operations. It targets professional applications where endurance and thermal stability are critical.

Strategic Context

Jupiter Electric Mobility is a wholly owned subsidiary of Jupiter Wagons Limited. The company manufactures electric light commercial vehicles and battery systems for automotive, rail, and industrial use. This partnership marks a deliberate expansion of JEM’s energy storage business beyond its existing rail and automotive segments.

For Creative Newtech, the deal broadens its participation in the drone technology sector by adding critical underlying hardware to its existing portfolio of components and software. The company aims to utilize its market-development expertise to create scalable opportunities in specialized technology categories.

Management Commentary

Ketan Patel, Chairman & Managing Director of Creative Newtech, noted that battery performance is becoming as important as the drone itself for large-scale applications. He stated that the partnership allows the company to bring specialized solutions to a wider market through its channel network.

Gaurav Jalota, CEO of Jupiter Electric Mobility, emphasized that the engineering discipline from rail and commercial EV applications carries over to drones. He highlighted that Creative Newtech provides the national reach required to get the product to operators effectively.

What the Numbers Show

The partnership highlights a shift in value chain positioning for both entities. While Jupiter Wagons Limited is not a party to the agreement, the involvement of its subsidiary JEM signals a diversification of revenue streams for the parent group into the agricultural technology sector. For Creative Newtech, moving into high-specification hardware distribution represents a pivot from its traditional IT distribution model toward specialized industrial components.

Creative Newtech has fixed September 23, 2026, as the record date to determine shareholder entitlement for its final dividend in the financial year ended March 31, 2026. The Board of Directors approved a final dividend of Re 0.50 per share during a meeting held on August 4, 2026. This distribution represents a 5% payout on the face value of the shares and is subject to ratification by shareholders at the company’s 22nd Annual General Meeting (AGM). Investors must hold their shares through the record date to receive the payment, marking a tangible return on equity for stakeholders following the fiscal year’s operations.

The Board convened at the registered office and via audio-visual modes to finalize the AGM logistics and regulatory disclosures. In compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Creative Newtech disclosed the meeting outcomes to the National Stock Exchange of India Limited and BSE Limited. Tejas Doshi, Chief Compliance Officer and Company Secretary, signed the disclosure letter dated August 4, 2026, confirming adherence to listing norms.

AGM and E-Voting Schedule

The 22nd Annual General Meeting is scheduled for Wednesday, September 30, 2026, at 11:00 AM via Video Conferencing (VC) from the company’s registered office in Kandivali West, Mumbai. Shareholders unable to attend virtually can exercise voting rights through the remote e-voting facility. The e-voting window opens at 09:00 AM (IST) on Sunday, September 27, 2026, and closes at 05:00 PM (IST) on Tuesday, September 29, 2026. Eligibility for e-voting is determined by the register of members as of the cut-off date, September 23, 2026.

Members whose names appear in the Register of Members or depository records as beneficial owners on the cut-off date will be eligible to cast votes electronically. The e-voting facility will be disabled immediately after the end time. The notice for the AGM and the annual report will be dispatched to shareholders based on the register of members as of August 28, 2026.