KUALA LUMPUR (Sept 18): Zetrix AI Bhd (KL:ZETRIX) is postponing its cash dividend payout following a court order secured by a substantial shareholder of the digital services firm.

A sealed ad-interim injunction granted by the High Court of Kuala Lumpur dated Sept 14 and received by the company’s share registrar prevents the disbursement of cash dividends to specific accounts claimed by the substantial shareholder as beneficial owner.

The shareholder, which Zetrix did not name, alleged that nominees had failed to execute instructions to elect to receive shares under the company’s dividend reinvestment plan in lieu of cash.

A substantial shareholder is generally defined by Bursa Malaysia as any person or corporate body that owns at least 5% stake in a public-listed company.

Zetrix AI’s 2026 annual report lists only managing director Wong Tean Soon and his private vehicle Asia Internet Holdings Sdn Bhd as the substantial shareholders.  

The company originally scheduled the payment of its final dividend of 2.89 sen per share for the financial year ended Dec 31, 2025 on Friday. The disbursement is now expected to be completed on or before Sept 23.

The share registrar needed more time to facilitate the exclusion of the cash dividend attributable to the accounts affected from other shareholders, Zetrix AI said.

Meanwhile, shareholders who have chosen the dividend reinvestment plan will receive the new shares on Sept 18 as planned, the company added.