VANCOUVER, BRITISH COLUMBIA — January 9, 2026 — Leads & Copy — Rektron Group Inc. (CSE:REK.U)(FRA:F75) announced that the High Court of Justice has ordered the winding up of 61 Merchant Group Limited and 37 AQ Merchants Limited, effective January 7, 2026.
The winding-up petition was filed in June 2025 by the Administrators of Artis Loanco 1 PLC, a subsidiary of Artis Finance Ltd., which was under administration. The petition was related to an ongoing trade dispute between Artis and 61 Merchant Group and 37 AQ Merchants.
The Administrators issued a statutory demand notice to 61 Merchant Group and 37 AQ Merchants for US$46,023,145.31. 61 Merchant Group and 37 AQ Merchants contested the demand notice, asserting they did not owe the amount to Artis, but the Administrators proceeded with the petition.
An injunction was ordered to prevent the advertisement of the Petition, allowing discussions between the Administrators and 61 Merchant Group and 37 AQ Merchants to continue. Rektron maintained its legal position and believed it had grounds to seek dismissal of the Petition.
On November 11, 2025, the Insolvency and Companies Court in London ruled in favor of the Administrators, ordering that the winding up of 61 Merchant Group and 37 AQ Merchants pursuant to the Petition will not be struck and that any notice or advertisement of the judgement shall not take place before November 14, 2025. Following the delivery of the judgement, 61 Merchant Group, 37 AQ Merchants and the Administrators mutually agreed to an initial stay of the judgment for a period of seven days from the date of the judgement, which was further extended as agreed to by 61 Merchant Group, 37 AQ Merchants and the Administrators. The purpose of the Stay was to enable both parties to continue discussions regarding a mutually agreeable resolution. Discussions were ultimately unsuccessful, and the Petition was advertised on December 22, 2025.
Following the High Court of Justice ruling, Rektron Group Inc. assured its shareholders that it is developing a remediation and restructuring plan to address the insolvency proceedings and preserve the company’s value, subject to court and regulatory approval. Additional information will be made available in due course.
In a separate announcement, Satyam Bhasin has resigned from the Company’s Board of Directors, effective immediately. The Company thanked Mr. Bhasin for his valuable contributions and service to the Board and wishes him success in his future endeavors. The Company will assess the composition of its Board in order to appoint a replacement in due course.
Rektron Group Inc. through its subsidiaries is a global physical commodities trading and infrastructure company focused on delivering sustainable supply chain operations across energy and metals commodity markets. The Company’s vertically integrated model combines physical commodity trading, logistics, structured financing, and risk management under one platform, enabling efficient and secure global trade. Through its core divisions the Company is positioned at the intersection of industrial growth and the global energy transition.
Rektron is committed to driving long-term value through innovation, responsible resource management, and a strategic focus on circular economy principles and low-carbon solutions.
Contact:
Jigar Desai, Chief Financial Officer
jd@rektrongroup.com
+44 7814 751590
Source: Rektron Group Inc.
