Zetrix AI Bhd has announced further delays in paying its final dividend of 2.89 sen per share for FY2025 to certain shareholders following developments in an ongoing legal dispute involving a substantial shareholder and the company’s share registrar.
The company said two nominees have been allowed to intervene in the legal action initiated by the substantial shareholder against its share registrar.
Following the intervention, a hearing has been scheduled for Nov 11, 2026.
Zetrix AI said the interim injunction remains in force, while the consent judgment that its board had directed the share registrar to enter into with the substantial shareholder has been put on hold.
The latest legal development has resulted in a computation mismatch in the designated dividend accounts, causing further delays in remitting dividend payments to affected shareholders.
The company said payments to affected shareholders will be made once the legal case is fully resolved.
However, dividend payments to shareholders unaffected by the dispute are proceeding and are expected to be completed by Sept 28, 2026.
The dividend relates to Zetrix AI’s final single-tier dividend of 2.89 sen per ordinary share for the financial year ended Dec 31, 2025, for which a dividend reinvestment plan applies to the entire dividend amount.]
Zetrix AI stock price has plunged close to 80% over the last six month period.
