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Voting results for Zettai’s proposed Restructuring Scheme: 93.1% of voting creditors representing 94.6% in value voted YES
Punjab Times (English Edition)
|April 11, 2025
Zettai Pte Ltd. is pleased to announce that its proposed Scheme of Arrangement has received overwhelming support from creditors in the recently concluded voting process. All creditors with crypto balances on the WazirX platform were eligible to vote for the proposed restructuring filed in the High Court of Singapore. The voting process was conducted on the Kroll Issuer Services platform from March 19 to March 28. "We are grateful for the strong vote of confidence,” said Nischal Shetty, Founder of WazirX. “This consistent support across our entire base demonstrates shared belief in our restructuring approach and recovery plan.” The approval rate remained remarkably consistent between 92% and 95% across all creditor segments - from creditors with the smallest claims to creditors with the largest claims. This
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uniform backing across Zettai's diverse creditor base confirms broad alignment with the proposed restructuring approach, regardless of size of Approved Claim.
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