Kinetic Trust Ltd — Important, 18-05-2026: Company Update

Kinetic Trust Limited's resolution plan for Sibri Traders Private Limited has been approved by the National Company Law Tribunal. Under the approved plan, Kinetic Trust will acquire Sibri Traders for Rs. 1.10 crore. This amount represents 48.17% of the admitted claims from Sibri Traders' financial creditors, who were owed approximately Rs. 2.28 crore. The acquisition involves canceling all existing shares and issuing new shares to Kinetic Trust. This move is significant as Kinetic Trust, an NBFC, will implement the plan within 90 days, aiming to revive the acquired company and integrate its operations.