Business · Companies · 3 hrs ago
TMSF appointed trustee to oversee Kontrolmatik
Turkey’s Deposit Insurance Fund has been appointed trustee to Kontrolmatik, a company working in energy storage, power grids and industrial automation.
Kontrolmatik is listed on Borsa Istanbul, and more than 300,000 investors hold its shares.
The appointment comes amid financial strain, including cash shortages, delayed payments and debt restructuring talks with banks that had not been concluded.
Its shares have lost more than 90% in a year, according to one report, and the exchange moved them to its Watchlist Market in June 2026.
The company’s workforce fell from 1,501 at the end of 2025 to 586 by June 30, 2026.
Production at its Pomega battery plant in Ankara has been paused, with no clear restart date announced.
TMSF will now oversee the company’s management, but its plans for the debt, the plant and ongoing investments have not been announced.
Kontrolmatik had not yet filed a public disclosure about the trustee appointment.
Turkey’s Savings Deposit Insurance Fund, known as TMSF, was appointed trustee to oversee Kontrolmatik Teknoloji.
The appointment was confirmed by TMSF officials and appeared on the fund’s list of companies under trusteeship.
Kontrolmatik had not published a notice about the appointment on Turkey’s Public Disclosure Platform.
The company has faced cash shortages, delayed payments and unfinished debt restructuring talks with banks.
Its shares fell sharply, and its Ankara Pomega battery plant had reportedly been without production for about a year.
- Who
- TMSF was appointed trustee to oversee Kontrolmatik Teknoloji.
- What
- The fund took over the company’s management and representation under a trusteeship appointment.
- When
- The appointment was reported on October 28, 2026. The exact date of the decision was not stated.
- Where
- Turkey. Kontrolmatik is listed on Borsa Istanbul.
- Why
- Not stated. The company had faced cash shortages, delayed payments and debt restructuring talks.
This story does not have two clearly opposing sides.
Borsa Istanbul decided to move Kontrolmatik shares from the Star Market to the Watchlist Market.
Kontrolmatik’s reported workforce was 586, down from 1,501 at the end of 2025.
Reports said TMSF had been appointed trustee to oversee Kontrolmatik.
- Trustee
- Savings Deposit Insurance Fund (TMSF)
- Company
- Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş.
- Investors
- More than 300,000
- Shares
- Fell from about 50 Turkish lira to below 2 lira over three years
- Employees
- 586 on June 30, 2026, compared with 1,501 on December 31, 2025
- Pomega plant
- Ankara facility reportedly had no production for about a year
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