Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regualtions, 2015, we wish to inform you that the Hon''ble National Company ....
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Kinetic Trust Limited has received NCLT approval for its Resolution Plan to revive Sibri Traders Private Limited under the Insolvency and Bankruptcy Code. The NCLT Prayagraj Bench approved the plan on May 6, 2026, which was submitted by Kinetic Trust Limited as the Successful Resolution Applicant. The resolution amount is Rs. 1.10 crore against admitted financial creditor claims of Rs. 2.28 crore (48.17% recovery). The CIRP was initiated against Sibri Traders on April 24, 2025, by financial creditor Bakliwal Vyapaar Pvt Ltd, and the Committee of Creditors had approved the plan with 100% voting share on October 11, 2025. Kinetic Trust is a listed NBFC engaged in investment and financial services.
Positive for Kinetic Trust shareholders as the acquisition of Sibri Traders expands the company's business operations. The resolution plan allows Kinetic Trust to take over the trading company and restructure it, though creditors face a significant haircut with only 48% recovery.