KUALA LUMPUR – Zetrix AI Bhd confirmed that payment for Sukuk Wakalah Series No. 6, valued at RM25 million and due on Nov 6, remained outstanding as of today.
In a filing with Bursa Malaysia, the company said it was taking the necessary steps to settle the outstanding amount with sukuk holders as soon as practicable.
"For the avoidance of doubt, the outstanding payments of the nominal value and expected periodic distribution amount in respect of the Sukuk Wakalah Series No. 6 represent less than five per cent of the net assets of Zetrix AI based on its latest audited financial statements,” it said.
Zetrix AI said it would make further announcements on any material developments relating to the matter, where necessary.
The company's Bursa filing was in response to an official query from Bursa Malaysia Securities Bhd following a media report by The Edge Malaysia on Nov 6, 2026, which reported that MARC Ratings had downgraded Zetrix AI's sukuk to "default" status after the company failed to meet its financial obligation. – BERNAMA