Zetrix AI Faces a Bursa Deadline Today Over Its RM25m Sukuk Default

Zetrix AI shares swung between 5.5 sen and 6.5 sen on Wednesday morning, trading back near Tuesday’s 6 sen close, on the day Bursa Malaysia’s own deadline falls for the company to disclose its finances. The order followed a bigger blow last Friday: MARC Ratings cut Zetrix’s RM2 billion sukuk programme to a default rating after it missed a RM25 million payment. This is an intraday price — as at 9.35am, no disclosure had appeared on Zetrix’s own Bursa filing feed.

Why does Zetrix AI face a Bursa deadline today?

• Bursa ordered Zetrix to disclose its finances by today, 11 Nov — covering JPJ remittance arrears, tax demands and its 2025 dividend (Bursa directive, 6 Nov 2026).
• A separate deadline falls 23 November, when Zetrix must pay its overdue 2.89 sen FY2025 final dividend to unaffected shareholders (same directive).

What is Zetrix AI’s RM25m sukuk default?

• MARC cut Zetrix’s RM2b sukuk programme to D(IS), a default rating, after it missed a RM25m payment due 6 Nov (MARC Ratings, 6 Nov 2026).
• Zetrix told Bursa on 10 Nov the RM25m remains unpaid, calling it under 5% of net assets, promising settlement soon (Bursa filing, 10 Nov 2026).
• The rating had already fallen to C(IS)on 30 October, one notch above default, after a sukukholders’ meeting ended without a resolution (MARC Ratings, 30 Oct 2026).

Zetrix’s next scheduled sukuk payment, RM214 million, is not due until March 2027, so the RM25 million tranche alone is what pushed the rating to default. This is the same Islamic Medium-Term Notes programme behind October’s trading halt over founder Wong Thean Soon’s shrinking stake. Track the stock live on the Bursa heat list.

What to watch

• 11 Nov 2026Today’s own deadline for Zetrix to file the material disclosure Bursa ordered on 6 November.
• 23 Nov 2026Deadline to pay the overdue 2.89 sen FY2025 dividend to shareholders unaffected by legal proceedings.

Sources

• MARC Ratings: MARC Ratings downgrades Zetrix AI’s rating to D(IS) (6 Nov 2026)
• MARC Ratings: MARC Ratings downgrades Zetrix AI’s rating to C(IS); maintains MARCWatch Negative (30 Oct 2026)
• The Star: Zetrix AI confirms RM25mil sukuk default, pledges quick settlement (10 Nov 2026)
• The Star: Bursa Malaysia directs Zetrix AI to address dividend non-payment, disclose material information (6 Nov 2026)
• The Edge Malaysia: Zetrix faces Nov 11 deadline to disclose financial position under Bursa’s directive
• KLSE Screener (Bursa filing mirror): Zetrix AI Berhad (0138) announcements, cross-check
• Yahoo Finance: Zetrix AI (0138.KL) daily OHLCV, cross-check