Creative Newtech Ltd Management Discussions

Statements in this Management Discussion and Analysis of Financial Condition and Results of Operations of the Company describing the Companys objectives, expectations or predictions may be forward looking within the meaning of applicable securities laws and regulations. Forward looking statements are based on certain assumptions and expectations of future events.

The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Company assumes no responsibility to publicly amend, modify or revise forward looking statements, on the basis of any subsequent developments, information or events. Actual results may differ materially from those expressed in the statement. Important factors that could influence the

Companys operations include changes in government regulations, tax laws, economic developments within the country and such other factors globally.

The financial statements are prepared under historical cost convention, on accrual basis of accounting, and in accordance with the provisions of the Companies Act, 2013 (the Act) and comply with the Indian Accounting Standards as pronounced by the Institute of Chartered Accountants of India (ICAI) from time to time. The Management of Creative Newtech Limited (formerly known as Creative Peripherals &

Distribution Ltd) has used estimates and judgments relating to the financial statements on a prudent and reasonable basis, in order that the financial statements, reflect in a true and fair manner, the state of affairs and profit for the year.

The following discussions on our financial condition and result of operations should be read together withouraudited to these statements included in the annual report. Unless otherwise specified or the context otherwise requires, all references herein to we, us, our, the Company, Creative are to Creative Newtech Limited.

INDUSTRY OVERVIEW

Global Information Technology Market Overview

The global information technology (IT) market continued to expand at a healthy pace, growing from

USD 9.34 trillion in 2025 to USD 10.04 trillion in 2026, registering a CAGR of 7.5%. The market is projected to reach USD 13.8 trillion by 2030, growing at a CAGR of 8.3%. This growth is being supported by accelerating digitalisation, increasing adoption of artificialintelligence (AI), cloud computing, cybersecurity solutions and data-driven technologies across industries.

Cloud adoption and AI-led transformation are emerging as key growth engines for the technology ecosystem. Businesses are increasingly investing in scalable digital infrastructure and next-generation computing capabilities, creating sustained demand for hardware, networking, storage, peripherals and other technology products. The continued evolution of enterprise technology is also opening new opportunities across consumer and business applications.

The technology supply chain is also undergoing a positive structural shift, with increasing focus localisation supply-chain . Tariff-led changes are encouraging businesses to evaluate alternative sourcing and manufacturing ecosystems, while creating opportunities for markets such as India to strengthen their position in the global technology value chain.

Asia-Pacific remained the largest regional IT market in 2025, supported by rising technology adoption, expanding digital infrastructure and increasing consumer demand. The regions growing importance in global technology manufacturing and consumption further strengthens the long-term opportunity for companies with established distribution networks and market-entry capabilities.

With technology becoming increasingly central to business operations and everyday consumer lifestyles, the global IT industry is expected to remain on a strong growth trajectory. These favourable industry trends provide a supportive environment for Creative Newtech to expand its brand portfolio, deepen market penetration and participate in emerging technology categories.

Source: https://www.researchandmarkets.com/reports/5781249/information-technology-market-report

Indian Industry Overview

Indias technology sector continued to demonstrate resilience and growth in FY25-26, with industry revenues expected to reach approximately USD 315 billion, registering a 6.1% year-on-year growth, according to NASSCOMs Strategic Review 2026. The industry has maintained its position as a key contributor to Indias economic growth, supported by sustained enterprise technology spending, expanding Global Capability Centres (GCCs) and strong momentum in Engineering Research & Development (ER&D).

Artificial Intelligence (AI) has emerged as an important growth driver, with AI-related revenues estimated at USD 10-12 billion in FY26 as enterprises increasingly move from experimentation towards scaled, business-focused applications. The broader technology ecosystem is also benefiting from continued investments in cloud, data centres, digital infrastructure and enterprise technology, creating opportunities across hardware and technology products.

Indias technology industry continues to benefit from its strong global delivery capabilities, expanding domestic technology adoption and increasing demand for advanced digital solutions. Export revenues are expected to reach approximately USD 246 billion in FY26, while the industry is also witnessing continued expansion of its domestic technology ecosystem.

The continued digitalisation of businesses, rising AI adoption and expansion of technology infrastructure provide a favourable long-term environment for Indias IT and technology ecosystem. These trends are expected to support increasing demand for computing, networking, storage, peripherals and other technology products, creating a strong opportunity for Creative Newtech to expand its portfolio and strengthen its role as a market-entry and distribution partner for global technology brands.

Source: https://nasscom.in/knowledge-center/publications/technology-sector-india-strategic-review-2026 https://www.business-standard.com/loginRsredirect_uri=/industry/news/indian-tech-industry-revenues-to-grow-6-1-to-315-bn-in-fy26-nasscom-126022400465_1.html https://www.business-standard.com/amp/industry/news/it-services-to-cross-300-bn-milestone-in-revenue-for-fy26-126022400801_1.html https://www.moneycontrol.com/artificial-intelligence/india-s-it-industry-to-hit-315-billion-in-fy26-as-ai-revenues-reach-10-12-billion-nasscom-article-13841610.html

Key Emerging Technology Markets in India

India Surveillance Market

Indias surveillance market is witnessing strong growth, supported by Smart Cities and Safe City initiatives, public-safety requirements and increasing investments in airports, metros and other critical infrastructure. The CCTV market was valued at USD 4.8 billion in 2025 and is projected to reach USD 14.25 billion by 2031, representing a CAGR of 19.88%. The industry is also moving towards AI-enabled cameras, advanced analytics and intelligent monitoring, while STQC requirements and the focus on indigenous manufacturing are supporting the development of a stronger domestic surveillance ecosystem.

India Data Centre Market

Indias data centre market is expanding rapidly, driven by rising cloud adoption, AI workloads, data localisation and increasing digitalisation across businesses. The market is expected to grow significantly over the coming years, supported by investments from hyperscalers and large

Indian enterprises. The increasing requirement for high-performance computing, advanced networking, storage and AI-ready infrastructure is creating opportunities across the broader technology ecosystem and strengthening Indias position as a key digital infrastructure market.

India Artificial Intelligence Market

India is emerging as a high-growth market for Artificial Intelligence, supported by increasing enterprise adoption, government initiatives and investments in digital infrastructure. The market was estimated at approximately USD 22.85 billion in 2025 and is projected to reach USD 325.34 billion by 2033, representing a CAGR of 38.1%. Growing adoption of Generative AI, automation, predictive analytics and AI-led applications is driving demand for computing infrastructure,

GPUs, data centres and other technology products, creating significant opportunities across enterprise and consumer applications.

India IoT Market

Indias IoT ecosystem is expanding as businesses and consumers increasingly adopt connected devices, smart infrastructure and automation solutions. The IoT devices market was valued at approximately USD 2.89 billion in 2024 and is projected to reach USD 10.28 billion by 2030, growing at a CAGR of 23.2%. The rollout of 5G, smart-city initiatives and growing adoption of

Industrial IoT are supporting demand for connected devices, sensors, edge computing and intelligent monitoring solutions, creating new opportunities across manufacturing, logistics, surveillance and consumer technology.

Source: https://www.mordorintelligence.com/industry-reports/india-cctv-market#: :text=India%20 CCTV%20Market%20Analysis%20by,passive%20monitoring%20to%20predictive%20policing https://www.mordorintelligence.com/industry-reports/india-data-center-market https://www.grandviewresearch.com/horizon/outlook/artificial-intelligence-market/india https://www.grandviewresearch.com/horizon/outlook/iot-devices-market/india

About Creative Newtech Limited:

Established in 1992, Creative Newtech has built a strong presence in Indias Information and Communication Technology distribution market. Supported by a robust network of partners and distribution channels, the Company has established a strong foothold across the country. Its omni-channel network spans online platforms, offline channels and retail trade, enabling Creative Newtech to serve diverse markets and customer segments with reach, consistency and efficiency.

Creative Newtech specialises in market entry and penetration for global brands. The Company provides demographic intelligence and enables the formulation and execution of marketing strategies tailored to its clients requirements. Beyond distribution, Creative Newtech remains focused on timely delivery, diversification of its product portfolio, sustained long-term relationships with channel partners and the delivery of value-added services that strengthen its role across the technology ecosystem. These efforts have enabled the Company to secure long-running contracts and earn industry recognition from leading brands as one of Indias established technology distributors. Creative Newtech is associated with over 26+ renowned brands globally, spanning a wide range of technology applications and serving customers across consumer and industrial segments. With the technology landscape continuing to evolve, the Company is well-positioned to leverage emerging opportunities and participate meaningfully in Indias continued shift towards digitisation.

Creative Newtechs value-added business model is built around creating sustained market impact for the brands it represents. From market research and competitive assessment to imports, distribution, sales and after-sales support, the Company provides an integrated platform for brands entering or expanding across India. Creative Newtech also develops and executes marketing strategies, evaluates regional opportunities and builds market-entry plans tailored to specific categories. Powered by specialised capabilities, strong local insight, industry experience and market intelligence, Creative Newtech enables global brands to enter, establish and scale with sharper market understanding, stronger positioning and scalable growth.

Creative Newtech strengthens brand success through focused pre-sales and marketing activities while enabling channel partners to leverage their expertise and improve business performance. The Company works closely with partners across Large Format Retail (LFR), e-commerce and specialised retailers, strengthening engagement across key channels. As one of the few large distributors to conduct specialised training modules, events and promotional activities at the ground level, Creative Newtech also organises workshops and demos for resellers to strengthen product understanding and market capability. Backed by experienced corporate and sales teams that continuously track the latest market developments, the Company stays closely aligned with evolving market dynamics, responds to emerging opportunities and enables brands and partners to execute more effectively.

The Companys extensive reach and superior logistics capabilities enable it to deliver end-to-end services across warranty and post-warranty support, high-level repair services and response centres.

Its expertise and consistently high service standards have strengthened the confidence of partner brands, many of which have appointed Creative Newtech as their exclusive partner and maintained associations for over five years. The Company remains focused on enhancing operational efficiencies and expanding its portfolio of higher-margin, value-added products, with these enduring brand relationships supporting its strategic priorities, sustained business performance and long-term growth.

Vendor	Product Category
AOC	Monitor & TV
Dahua Technology	Video Door Phone
Cricut	Smart Cutting Machines, Materials and Tools
Cooler Master	PC Casing and Cooling products
Honeywell	Air Purifier, Home Audio, Laptop Enhancement & Mobility products, Structured Cabling Systems
Lexar	Storage/ Memory Card
Zion	Memory, Storage
Instax Fujifilm	Cameras
Super Micro	Server and Processors
Ruark	Audio products - speakers
Lenco	Turntable and Speakers
OM Systems	Advance Imaging Cameras
CyberPower PC	Gaming PC, High Performance PC, Workstation and Business PC
PNY	Memory, Storage, Graphic and Networking
BRYT	Memory, Storage
Samsung	Monitors
Colorful	Computer, Motherboards, Graphic and Audio
Viewsonic	Projectors, 3D Glass, IFPD
Corsair	Memory, Storage
Rapoo	Computers & Accessories
Panzer Glass	Premium Mobile Covers and Accessories
INP	Computer & Tablets
Aabo Ring	Smart Ring
Sparsh	Surveillance
Matrix	Surveillance
Kaspersky	Cybersecurity
EIZO	Advance Monitoring
PDRL	Drone Technology

FINANCIAL OVERVIEW:

The consolidated financial performance of the Company for the financial year ended 31 st March 2026, is as follows: Total income stood at Rs. 2,717.51 crore for the year ended 31 st March 2026, as against Rs. 1,801.47 crore for the corresponding previous period, a significant growth of 50.85% YoY. Strong demand from brands such as Honeywell, Samsung, Cooler Master, ViewSonic to name a few who supported the growth.

The cost of goods sold rendered for the financial year ended 31 st March 2026 was Rs 2,486.19 crore as against Rs 1,625.85 crore for the corresponding previous period, an increase of 52.92%. The staff expenses for the financial year ended 31 st March 2026 were Rs 21.30 crore as against Rs. 18.24 crore for the corresponding previous period, an increase of 16.76%.

The other expenses for the financial year ended 31 st March 2026 were Rs. 106.02 crore as against Rs 83.99 crore for the corresponding previous period, an increase of 26.22%.

The EBITDA (earnings before interest, tax depreciation and ammortisation) was Rs. 103.95 crore for the year ended 31st March 2026, as against Rs. 72.86 crore for the corresponding previous period, an increase of 42.66%.

The depreciation for the financial year ended 31 st March 2026 was Rs. 1.52 crore, as against Rs. 1.16 crore for the corresponding previous period.

The interest for the financial year ended 31 st March 2026 was Rs. 20.66 crore as against Rs. 10.16 crore for the corresponding previous period.

The PAT (profit after tax) was Rs. 70.29 crore for the year ended 31 st March 2026, as against Rs. 53.11 crore for the corresponding previous period, a growth of 32.35%.

EPS was Rs. 41.04 for the year ended 31 st March 2026, as against Rs. 32.18 for the corresponding previous year, an increase of 27.54%.

Particulars	FY 2025-26	FY 2024-25	% Change
Trade Receivables Turnover Ratio 1	6.73	9.22	-27.08%
Inventory Turnover Ratio	17.81	17.72	0.50%
Interest Coverage Ratio 2	6.09	9.96	-38.89%
Current Ratio 3	1.68	2.36	-28.92%
Debt-Equity Ratio 2	0.89	0.24	265.13%
Operating Profit Margin	3.79%	4.04%	-6.11%
Net Profit Margin	2.60%	2.99%	-13.01%
Return on Net Worth 4	19.33%	18.06%	7.01%

1) Trade Receivables Turnover ratio has decreased in current year as compared to previous year on account of increase in revenue from operations during the year and proportionately higher rise in the trade receivables.

2) The debt-equity ratio has increased in current year, driven by an increase in short term borrowings and also the Interest Coverage Ratio has decreased in comparison to previous year; although there are no long-term borrowings, short-term borrowings have increased during the year which were availed to meet the Companys funding and business requirements.

3) Current Ratio has declined in current year due to proportionately higher increase in current liabilities in comparison to previous year. Despite the decline, the ratio remains above the standard benchmark, indicating satisfactory short-term liquidity.

4) Return on Net Worth has increased as compared to previous year due to significantimprovement in rate profitability than the increase in the Net Worth during the year.

RESOURCES AND LIQUIDITY

As on 31 st March 2026, the consolidated net worth stood at Rs. 387.29 crore and the consolidated debt was at Rs. 324.26 crore.

The cash, cash equivalents and bank balances at the end of 31 st March 2026, were Rs. 22.18 crore. The net debt to equity ratio of the Company stood at 0.84 as on 31 st March 2026.

Business Category wise Performance

CreativeNewtechhasevolvedfromatraditionaldistribution-ledbusinessintoanintegratedtechnology platform built around three complementary verticals Market Entry Specialist, Brand Business and Solutions.

Each vertical leverages the Companys established market access, technology relationships and execution capabilities, while creating opportunities to participate across a broader part of the technology value chain.

1. Market Entry Specialist

Market Entry Specialist is the foundation of Creative Newtechs business, helping global technology brands establish, scale and grow their presence in India and international markets. The Company provides capabilities across market intelligence, go-to-market strategy, channel development, distribution, marketing, sales and customer support. With a Pan-India network of 10,000+ channel partners, 18+ warehouses and presence across 38+ countries, the Company provides brands with an integrated platform to access and expand across markets.

The vertical continues to benefit from the Companys longstanding relationships with global technology brands and its deep understanding of the Indian market.

2. Brand Business

Creative Newtech is progressively moving beyond representing brands to building and scaling brands of its own.

The Brand Business encompasses brand licensing, product development, contract manufacturing, sourcing and commercialisation, enabling the Company to participate across the brand lifecycle.

The focus is to scale owned, licensed and partner brands while building greater value through brand ownership and intellectual property.

3. Solutions

The Solutions vertical enables Creative Newtech to move further into technology-led enterprise and government opportunities, providing end-to-end solutions from product selection and solution design to implementation and ongoing support.

The portfolio spans enterprise infrastructure, surveillance, cybersecurity, networking, collaboration and digital technologies. During FY25-26, the Company strengthened its capabilities through strategic partnerships and executed larger government and enterprise opportunities.

The vertical provides a platform for Creative Newtech to participate in the growing demand for integrated technology solutions across enterprises, institutions and government organisations.

BUSINESSES DEVELOPMENTS DURING THE YEAR:

- Creative Newtech strengthened its presence in the Government technology ecosystem through the GeM platform, expanding access to large-scale public-sector technology opportunities. During the year, the Company secured government orders aggregating Rs. 54.15 crore under its Solutions business, covering integrated Body-Worn Camera deployment and Disaster Management and Emergency Response Kits.

- Creative Newtech expanded Honeywells digital retail presence through direct listings on leading

Quick Commerce platforms, including Blinkit, Zepto and Swiggy Instamart, enabling faster product availability across high-demand markets.

- Creative Newtech strengthened its omnichannel market reach, bringing together General Trade, Large Format Retail, e-commerce, Quick Commerce, D2C websites and the Government e-Marketplace to create multiple routes to market for its brands.

- Creative Newtech expanded its surveillance portfolio through strategic partnerships with Matrix and Sparsh, strengthening its capabilities in intelligent surveillance solutions for enterprise, institutional and government applications.

- Creative Newtech partnered with EIZO Private Limited, the Indian subsidiary of EIZO Corporation, Japan, expanding its portfolio of advanced imaging and high-end visual solutions for specialised professional and enterprise applications.

- Creative Newtech entered the indigenous drone technology segment through its partnership with PDRL, enabling the Company to participate in the growing adoption of Indian drone solutions across agriculture, defence and enterprise applications.

- Creative Newtech strengthened its cybersecurity portfolio through its partnership with Kaspersky, expanding its reach across North, West and East India and enhancing its capabilities in secure digital infrastructure.

- Creative Newtech expanded its technology portfolio through strategic partnerships with BRYT, Corsair, Dahua, Colorful and PNY, strengthening its presence across memory, high-performance computing, gaming, graphics, video door phones and specialised technology segments.

- Creative Newtech strengthened its technology and process foundations through ISO/IEC

27001:2022, ISO 20000-1:2018 and RoHS certifications, reinforcing its focus on information security, IT service management and product compliance.

- Creative Newtech achieved a significant capital-market milestone with its listing on the BSE Main

Board, further strengthening the Companys market visibility and reinforcing its commitment to transparency, governance and long-term value creation.

RISKS AND CONCERNS

Like every business, the Company faces risks, both internal and external, in the undertaking of its day- to-day operations and in pursuit of its longer-term objectives. A detailed policy drawn up and dedicated risk workshops are conducted for each business vertical and key support functions wherein risks are identified, assessed, analyzed and accepted / mitigated to an acceptable level within the risk appetite of the organization. The risk registers are also reviewed from time to time.

The Company faces the following Risks and Concerns:

Rapid Obsolescence of Technology & Change in Consumer Preferences

A technology business is always exposed to sudden and unanticipated changes in technology and consumer trends and preferences. This exposes the company to the risk of becoming uncompetitive in terms of product/services offering to the customers. There is a need to constantly upgrade the product and service portfolio (e.g. Cloud, IoT, Mobility Analytics, etc.), and stay on top of changing consumer preferences.

Credit Risk

To manage its credit exposure, Creative Newtech has determined a credit policy with credit limit requests and approval procedures. Company does its own research of clients financial health and project prospects before entering into an agreement with them. Timely and rigorous process is followed up with clients for payments as per schedule. The company has suitably streamlined the process to develop a focused and aggressive receivables management system to ensure timely collections.

Interest Rate Risk

The Company has judiciously managed the debt-equity ratio. It has been using a mix of loans and internal cash accruals. The Company has well managed the working capital to reduce the overall interest cost.

Competition Risk

Like in most other industries, strong scope of opportunities come with intense competition. We face different levels of competition in each of our operating categories, from domestic as well as multinational companies. Creative has created strong differentiators in project execution, portfolio, level on involvement in marketing and delivery, which make it resilient to competition. Furthermore, the Company continues to invest in technology and people to remain ahead of the curve. A strong and stable client base, comprising large and mid-sized corporations, further helps mitigate this risk. We counter this risk with the quality of our infrastructure, our customer-centric approach, value-added services and our ability to innovate customer specific marketing strategy, disciplined project executions, along with prudent financial and human resources management and better control over costs. Thus, we expect to be significantly risk.

OPPORTUNITIES

Creative Newtech sees significant opportunity in the growing demand for technology-led solutions across enterprises and government organisations. The Companys expanding Solutions business provides an opportunity to participate in larger deployments across surveillance, cybersecurity, data centres and other emerging technology areas.

The increasing adoption of Artificial technology requirements across industries. With established partnerships in surveillance and a growing technology portfolio, Creative Newtech is positioned to expand its presence in these high-growth segments.

The Company also sees opportunities in brand ownership and market entry business. The expansion of owned, licensed and partner brands, along with its established market access platform, provides scope to build higher-value businesses and deepen relationships with global technology brands seeking to enter and scale in India.

THREATS

The technology industry remains highly competitive, with domestic and international players competing across distribution, brands and technology solutions. Increasing competition may create pressure on pricing, margins and market share.

The rapid pace of technological change also presents a risk of product obsolescence and requires continuous portfolio development and adaptation. In addition, global supply-chain disruptions, tariffs, foreign exchange movements, import-related regulations and geopolitical tensions can impact product availability, procurement costs and overall business operations.

As Creative Newtech expands its participation in enterprise and government projects, timely execution and effective project management become increasingly important. Delays, supply constraints or changes in project requirements could affect business performance.

INTERNAL CONTROL SYSTEMS AND ADEQUACY

The Company has an internal audit function designed to review the adequacy of internal control checks in the system which covers all significant areas of Companys operations such as accounting and finance, procurement, business operations, statutory compliances, IT processes, safeguarding the assets and their protection against unauthorized use, among others. The Internal Audit function performs the internal audit of Companys activities based on an internal audit plan, which is reviewed each year and is approved by the Board of Audit Committee. The Audit Committee reviews the report submitted by the internal auditors. Suggestions for improvement are considered and the audit committee follows up on corrective action. Disciplinary action is taken, wherever required, for non- compliance to corporate policies and controls.

The Company has also implemented effective systems for achieving highest level of efficiency in operations, to achieve optimum and effective utilization of resources, monitoring thereof and the compliance with provisions all laws including the Companies Act, 2013, Listing Agreement, directions issued by the Securities and Exchange Board of India, labour laws, tax laws etc. It also aims at improvement in financial management, and investment policy. The System ensures appropriate information flow to facilitate effective monitoring.

HUMAN RESOURCES

We believe that our employees are key contributors to our business success. We focus on attracting and retaining the best possible talent. Our Company looks for specificskill-sets, interests and background that would be an asset for our business.

As on 31 st March 2026, the Company had over 350+ employees. The manpower is a prudent mix of experienced and young professionals which gives us the dual advantage of stability and growth. The work progress and skilled/ semi-skilled/ unskilled resources, together with the Companys strong management team, have enabled it to successfully implement our growth plans.

The Company also imparts behavioural, technical and on the job training to our employees. Technical trainings are mandated by the vendor whenever the employees have to deal with pre-technical or post technical issues. Training calendars are set by the vendors and nominated employees from our Company attend the program and obtain feedback on the completion of the program.

OUTLOOK

Creative Newtech enters the next phase of its journey with a clear focus on moving beyond traditional distribution and participating in technology segments that are expected to shape the next decade. While Market Entry and Distribution will remain the foundation of the Companys business, the focus is increasingly shifting towards Solutions, Brand Business and high-growth technologies.

Surveillance, Artificial

Data Centres represent key areas of opportunity. Rising digitisation, increasing security requirements, connected infrastructure and growing data consumption are creating sustained demand for advanced technology solutions across enterprises, institutions and government.

The Company will focus on scaling its established Surveillance portfolio, building on its partnerships with Matrix and Sparsh. With growing demand for intelligent surveillance across public infrastructure, enterprises and institutions, Creative Newtech aims to expand its reach and participate in larger, integrated surveillance opportunities.

Artificial Intelligence and IoT will form an important part of Creative Newtechs technology roadmap. As businesses increasingly adopt intelligent automation, connected devices and data-driven decision-making, the Company aims to leverage its technology ecosystem, partnerships and market access capabilities to participate in these emerging opportunities.

The growing requirement for Data Centre infrastructure presents another strategic opportunity. Increasing cloud adoption, digitalisation and AI-led workloads are driving demand for computing, storage, networking and associated infrastructure. Creative Newtech intends to leverage its enterprise capabilities and technology partnerships to build a stronger presence in this expanding segment. The Company will continue to scale its Solutions business, focusing on end-to-end technology deployment for enterprises and government organisations. Its experience in technology partnerships, market access and execution provides a strong foundation to address increasingly complex technology requirements.

Alongside these opportunities, Creative Newtech will continue to strengthen its Brand Business, including owned and licensed brands, while expanding its international footprint across high-potential markets. The Company will continue to build on its market access capabilities while developing a portfolio of brands that can create greater value and support long-term growth.

The Company remains focused on maintaining a strong financial foundation and disciplined approach to growth. As the business expands into new technology segments and larger opportunities, the focus will remain on sustainable growth, operational

Responsible growth remains integral to Creative Newtechs long-term strategy. The Company will continue to embed ESG considerations across its operations, with a focus on resource efficiency, eco-friendly practices, inclusive growth and technology-led efficiencies. The objective is to ensure that business growth creates sustainable value for shareholders while contributing positively to the wider ecosystem.

With more than three decades of experience, established market access, strong technology relationships and expanding capabilities across Solutions and Brand Business, Creative Newtech enters the coming year with confidence. The Company is focused on building a globally respected

Indian technology enterprise that combines market access, technology, solutions and brand ownership, while creating sustainable long-term value for its stakeholders.

For and on behalf of the Board of Directors
Creative Newtech Limited

Ketan Patel
Chairman & Managing Director
DIN - 00127633

Date: 04 th August, 2026
Place: Mumbai