KUALA LUMPUR — Bursa Malaysia Securities Berhad has directed Zetrix AI Berhad to resolve its failure to pay the 2025 final dividend and disclose material information concerning its financial position, corporate governance and operations.
In a statement, Bursa Securities said it viewed recent developments involving the company, including the non-payment of the 2025 final dividend and withdrawal of the declared 2026 interim dividend, with serious concern.
Other matters highlighted include Zetrix AI’s financial condition, outstanding remittances to the Road Transport Department (RTD), and payment demands received from RTD and the Inland Revenue Board (LHDN).
Bursa Securities also raised concerns over the resignation of all independent directors and external auditors, the issuance of the Employees’ Share Option Scheme (ESOS), and the financial and operational implications of the suspension of the company and its subsidiary as RTD collection agents.
To safeguard investor interests and ensure timely disclosure of material information, Bursa Securities said it had exercised its powers under Paragraph 2.23 of the Main Market Listing Requirements (Main LR) to issue two directives to the company.
Under the first directive, Zetrix AI must comply with the dividend payment requirements under Paragraph 8.26 of the Main LR concerning the unpaid 2025 final dividend by Nov 23, 2026.
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The second directive requires the company to disclose material information addressing the matters raised by Bursa Securities in accordance with Paragraph 9.03 of the Main LR by Nov 11, 2026.
Bursa Securities said listed companies were expected to uphold high standards of corporate governance, transparency and accountability.
It added that any enforcement action would be subject to a thorough examination of relevant facts and circumstances, careful assessment of supporting evidence and compliance with applicable procedural requirements.
Where a breach is established, Bursa Securities may take appropriate regulatory action, including enforcement proceedings, subject to due process.
It also said regulatory assessments, inquiries and engagements were subject to confidentiality requirements under the applicable regulatory framework and established procedures.
Bursa Securities reaffirmed its commitment to maintaining market integrity, promoting high standards of corporate governance and disclosure, and sustaining investor confidence through a fair, transparent and orderly marketplace.
