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Dear Tribe! 🙏
The voting for the Amended Scheme of Arrangement is underway and is ending on August 6, 2025, 7:30 PM IST. It’s important that everyone understands how the voting process works — and how it’s designed to be completely secure and transparent.
Here’s a walkthrough of the process:
- The revoting process is completely transparent and is conducted on the KIS (Kroll Information Services) Platform accessed via the WazirX Platform, where every vote is authenticated, timestamped, and stored on a protected system that prevents tampering.
The KIS Team is a recognized market leader with unique expertise to deliver global, tech-enabled solutions for liability management transactions, restructurings, and corporate actions of any complexity.
- Once voting concludes, KIS will securely share the complete voting data with Joshua Taylor and Henry Anthony Chambers of Alvarez & Marsal (A&M), the Independent Assessors appointed to verify the process. Joshua Taylor and Henry Anthony Chambers are both key assessors appointed for the Scheme and are seasoned professionals in the fields of restructuring and forensic accounting, respectively.
A&M is a globally respected professional services firm known for guiding companies, investors, and government entities through complex challenges. With operations across six continents, A&M brings deep expertise in advisory, business performance improvement, and turnaround management.
- A&M, as an independent assessor, will review the votes to ensure the integrity of the process. They will then submit an official verification report to Zettai and the Scheme Manager. After which, Zettai will issue a formal notice to all Scheme Creditors announcing the final vote results.
- Following this, Zettai will apply to the Singapore court for sanction of the Amended Scheme of Arrangement if the requisite majority approval has been obtained. This will be the final step before the Court reviews and decides the next steps.
Trust Only Official Updates
Always rely only on the official emails and announcements made by WazirX. The voting process for the Amended Scheme is designed to be fair and transparent.
Here’s Why the Amended Scheme Matters
The Amended Scheme reflects careful consideration of evolving regulatory developments and has been updated to safeguard the long-term interests of creditors. Based on the amendments, Zanmai (an FIU-IND registered entity) will now facilitate access to tokens. Importantly, all the other promised benefits remain the same, i.e.
- You will receive the tokens shown on the Rebalanced NLPA page, along with the benefits of market upside and future recoveries.
- Once the Amended Scheme is approved by the requisite majority of creditors and sanctioned by the Court, Zanmai will facilitate access to tokens to creditors within 10 business days of the effective date of the Scheme, as originally envisioned.
At the core, the Scheme is also about restoring value responsibly and rebuilding trust.
Stay Informed, Vote Responsibly!
We appreciate everyone who has taken the time to understand the Amended Scheme, asked their queries in the recent Townhall, and has participated in the revote.
Please note that votes cast in the first voting window in March 2025 are not considered. You must vote on the Amended Scheme. We urge you to cast your vote before the revoting ends (i.e. on August 6, 2025, 7:30 PM IST).
If you haven’t voted on the Amended Scheme yet, we encourage you to review all the important documents and watch the Townhall before making your decision.
Every vote counts and will contribute to shaping the future. Remember, your vote holds the power to decide what comes next.
Please also note that even if you do not cast a vote, or whether you voted for or against the Amended Scheme, you will be bound by the terms of the Amended Scheme should the Amended Scheme be sanctioned by the Court and become effective.
Thank you for your constant support! 🙏
