Zetrix AI granted two-day extension for disclosures
Bursa Securities has moved the deadline to Nov 13, while a separate directive requires outstanding FY2025 final dividends to be paid by Nov 23.
Zetrix AI Bhd said Bursa Securities had given it until Nov 13 to provide information covering its finances, dividends, governance and operations. The company disclosed the approval in a Nov 11 exchange filing, extending the deadline by two days.
The disclosure order, issued on Nov 6, covers departures involving all its independent directors and its external auditors, as well as issuance under its Employees’ Share Option Scheme. It also seeks details of the operational and financial consequences of suspending Zetrix AI and its unit from collecting payments for the Road Transport Department (JPJ).
In a separate directive, Bursa Securities required the company to settle unpaid final dividends for FY2025 by Nov 23. That financial year ended on Dec 31, 2025.
The dividend payment was deferred several times in September. Zetrix AI attributed those delays to an interim injunction sought by an unnamed former substantial shareholder. It subsequently paid the dividend in full apart from amounts due to shareholders affected by the litigation.
On Nov 11, Zetrix AI said proceedings involving the former substantial shareholder and its share registrar had been withdrawn. However, the former shareholder had started separate proceedings against his nominees, and the company said payments to affected shareholders would remain withheld until that litigation concludes.
Zetrix AI shares closed at 5.5 sen on Nov 11, down half a sen or 8.33%, giving the company a market value of RM412.59 million.
