Creative Newtech Limited has approved the acquisition of 100% of the equity share capital of Infinova (India) Private Limited for up to USD 4.00 Million. The Board of Directors approved the budget for this strategic acquisition on July 13, 2026. This move aims to transition the company from a distribution-led model to a technology-led surveillance business platform, strengthening its manufacturing capabilities under the Make in India initiative.

The proposed acquisition encompasses Infinova's business operations in India, exclusive brand rights, technical assistance, and its existing team. It also includes the transfer of a product assembly and manufacturing facility located in Pune. The approved budget of USD 4.00 Million covers the consideration payable to the Infinova Group at closing, transaction costs, and professional fees.

Infinova (India) Private Limited, incorporated in 2010, is part of the Infinova Global Group. It specializes in electronic security and video-surveillance products, including smart IP cameras and intelligent video-management software. The entity serves critical infrastructure sectors such as airports, metro projects, and smart cities.

The transaction is not a related-party transaction, and the promoters of Creative Newtech have no interest in the target entity other than the proposed deal. The consideration will be paid in cash, with the final cost subject to valuation reports and closing adjustments.

Key Acquisition Details

The completion of the acquisition is contingent upon satisfactory due diligence, necessary corporate and regulatory approvals, and the execution of definitive agreements. The company will disclose the final transaction numbers and closing details upon completion.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE985W01018/3adce7fa905c4434.pdf

Ketan Chhaganlal Patel, authorized signatory for the promoter and promoter group of creative newtech , disclosed that the group held 85,02,220 equity shares as of March 31, 2026. The declaration confirms that no shares were encumbered directly or indirectly during the financial year ended March 31, 2026. This disclosure ensures compliance with SEBI regulations regarding substantial acquisition of shares and takeovers.

The filing was submitted to the listing departments of NSE Limited and BSE Limited on April 07, 2026. It addresses the requirements of Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates the disclosure of shareholding patterns and any encumbrances created by promoters during a financial year.

Shareholding Details

The disclosure provides specific details regarding the promoter group's holding status for the financial year ended March 31, 2026.

The document explicitly states that the promoter group has not created any charges or encumbrances on the held shares during the specified period. This unencumbered status indicates that the shares are free from liens or pledges, which is a key factor for assessing the financial health and corporate governance standards of the entity.

The submission was directed to the Audit Committee and Compliance Officer of Creative Newtech Limited. The company is registered at Unit No. 3rd & 4th Floor, Plot No. 137AB, Government Industrial Estate, Charkop, Kandivali (West), Mumbai. The disclosure was signed digitally by Ketan Chhaganlal Patel, acting for himself and on behalf of the promoter and promoter group.