Business Update13 May 2026, 04:04 pm
Creative Newtech: Revised Disclosure for ₹35.89 Cr FCI Order
AI Summary
Creative Newtech Limited issued a revised disclosure regarding its order from the Food Corporation of India (FCI) for the FCI Smart Warehousing Project across 150 depots, valued at ₹35.89 crore. This addendum addresses BSE's request for additional details, which were inadvertently omitted in the initial announcement on May 12, 2026. The company clarifies that there are no changes to the order's value, scope, nature, timeline, or other material terms.
Key Highlights
- Creative Newtech secured a ₹35.89 crore order from FCI for smart warehousing.
- The project involves deploying surveillance and AI-based infrastructure across 150 depots.
- Final commissioning is expected within 180 days, followed by three years of AMC support.
- The disclosure was revised to include details required under SEBI regulations.
- The company confirms no changes to the original order terms.
Price Impact
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