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                                 Domiciled and Headquartered in East Jakarta

                                      Announcement Summary Minutes
                              Annual General Meeting of Shareholders (“Meeting”)

The Board of Directors of the Company hereby inform the Shareholders of the Company, that the
Company has held the Annual General Meeting of Shareholders (Meeting), namely:

 A. ON :
    Day/Date           : Tuesday, June 27, 2023
    Venue              : Seminar Room PT.Tira Austenite Tbk
                         Jl. Pulo Ayang Kav.R-1
                         Pulogadung Industrial Estate, East Jakarta.
     Time             : 10.10 - 11.40 Western Indonesia Time

     The Company's Annual General Meeting of Shareholders for Fiscal Year 2020 is conducted phisical and
     electronically (“e-GMS”) with restrictions on physical attendance which is carried out through KSEI's
     Electronic General Meeting System (“eASY.KSEI”) at the link (https://easy.ksei.co.id) with live streaming
     via the zoom webinar by accessing the eASY.KSEI menu, the GMS Broadcast submenu located on the
     AKSes facility (https://akses.ksei.co.id/) provided by The Indonesia Central Securities Depository
     (PT.Kustodian Sentral Efek Indonesia).

 B. The Agenda of Meeting as follows :

     1.     Approval and ratification of the Company's Annual Report for the financial year 2022 including the Board of
            Directors' Report on Corporate Governance, the Supervisory Report of the Board of Commissioners, and the
            Company’s Consolidated Financial Statements for the financial year ending on December 31, 2022.
     2.     Granting full release and discharge of the Board of Directors and the Board of Commisioners of the Company from
            their management and supervisory duties during the 2022 financial year, along the the action was recorded in the
            annual report of the Company.
     3.     Determination the use of the net profit of the Company for the financial year 2022.
     4.     Giving authority to the Board of Commissioners to designate Public Accountant to audit the financial statements of
            the Company for the financial year 2023, including determining the honorarium and other requirements related to
            the appointment of the Public Accountant.
     5.     Approval awarding remuneration for members of the Board of Commissioners and the delegation of authority to the
            Board of Commissioners of the Company to determine remuneration for the Directors of the Company.
     6.     Approval the reappointment members of the Board of Directors and the Board of Commissioners.
     7.     The adjusment of Article 3 of the Company’s Articles of Association to comply with the Standard Classification of
             Indonesian Business Fields (KBLI) 2020.
     8.     Approval of amendments to Article 22 paragraph (12) of the Articles of Association adjusted to OJK Regulation
            No.14/POJK.04/2022 concerning Submission of Periodic Financial Reports of Issuers or Public Companies.


 C. Members of the Board of Directors and Commissioners who attended Meeting:

    The Meeting was attended by members of the Board of Directors and Board of Commissioners of the
    Company by participating physically or electronically via live streaming on the zoom webinar by accessing the
    eASY.KSEI menu, the GMS Broadcast submenu located on the AKSes facility (https://akses.ksei.co.id/)
    provided by The Indonesia Central Securities Depository (PT.Kustodian Sentral Efek Indonesia), which will
    be described as follows
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    Member of the Board of Commissioners who attended the Meeting:
    -  President Commisioner concurrently
        Independen Commissioner : Soebronto Laras
    -  Commissioner               : Shinta Widjaja
    -  Commissioner              : Rudianto Darmawan Santoso


    Member of the Board of Directors who attended the Meeting:
    - President Director            : Selo Winardi
    - Director                      : Doktor Agus Hasan Sulistiono Reksoprodjo
    - Director                      : Soeseno Adi

D. The Chairman of the Meeting:

   Pursuant to Article 37 paragraph (1) of Financial Services Authority Regulation No. 15/POJK.04/2020 dated
   April 20, 2020, concerning the Planning and Holding of General Meetings of Shareholders of Public
   Companies and Article 13 paragraph (1) letter a of the Company’s Articles of Association, the AGM was
   opened and chaired by Mr. Soebronto Laras as a member of the Board of Commissioners who has been
   appointed by the Board of Commissioners to chair and lead the Meeting through a letter of appointment for the
   Chairman of the Meeting dated June 21, 2023.
   .
E. Attendance Shareholders :
   The Company's meeting was attended by shareholders and their proxies representing 507,306,000 (five
   hundred seven million three hundred six thousand) shares or equivalent to 86.28% (eighty six point two eight
   percent) of the total shares with rights the valid votes cast by the Company amounting to 588,000,000 (five
   hundred eighty eight million) shares, therefore the meeting attendance quorum has been fulfilled.


F. Opportunities Asking Questions and / or comments :
   Shareholders or its proxy given the opportunity to ask questions and / or opinions for each of the Meeting
   Agenda, however there is no shareholder or its proxy who asked questions and / or opinion.


G. Mechanisms of Decision :
    Decision-making throughout of the agenda the Meeting conducted by deliberation and consensus, in terms of
    no consensus is reached, then the decision made by voting and the meeting resolution are valid if approved by
    more than ½ (one half) of the votes with voting rights are present at the Meeting for the agenda of the First,
    Second, Third, Fourth, Fifth and Sixth Meetings, and valid if approved by more than 2/3 (two thirds) of the total
    votes with voting rights present at the Meeting for the agenda of the Seventh and Eighth Meetings. Shareholder
    votes are counted and submitted through KSEI's Electronic General Meeting System (“eASY.KSEI”) at the link
    (https://easy.ksei.co.id).

H. Results of Voting :
   Agenda first to sixth :
    1. Decision making is carried out by asking whether the proposal submitted at the Meeting can be
       approved by the Shareholders and / or by their attorney who is present physically or electronically
           - No shareholders or its proxy who gives abstention (blank);
           - No shareholder and its proxy, who voted against;
           - All shareholders or its proxy voted in favor.
           - So the decision was approved by the Meeting in deliberation
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      2. Furthermore, the number of votes will be counted through eASY.KSEI via the link at
         https://easy.ksei.co.id/


I.   Results of Meeting Decisions :
     1. The First Agenda of The Meeting :

              Meeting                                   The Shareholders                         Results
             Attendance           Disapprove              Abstain                Approve
              Quorum
           Yes/       %          Shares        %       Shares        %       Shares          %
            No
          Yes       86,28     0           0        0             0         507.306.000     100   Approve

         The Decision :

         Approved and Ratified of the Company's Annual Report for the financial year 2022 i n c l u d i n g the
         Board of Directors' Report on Corporate Governance, the Supervisory Report of the Board of
         Commissioners, and the Company’s Consolidated Financial Statements for the fiscal year ending on
         December 31, 2022, that have been audited by a Public Accountant from the Public
         Accounting Firm (KAP) ACHSIN HANDOKO TOMO, as stated in Report No.
         00018/2.1096/AU.1/05/1795-1/1/V/2023 dated May 29, 2023.


      2. The Second Agenda of The Meeting :

              Meeting                                   The Shareholders                         Results
            Attendance            Disapprove              Abstain                Approve
              Quorum
           Yes/       %       Shares           %       Shares        %        Shares         %
            No
          Yes       86,28    0            0        0             0         507.306.000     100   Approve

         The Decision :

         Approved the granting of acquit et de charge to the Board of Directors and Board of
         Commissioners of the Company for all the management and supervision actions that have been done
         during the period 2022, along the action was recorded in the annual report of the Company.


      3. The Third Agenda of The Meeting :

              Meeting                                   The Shareholders                         Results
            Attendance            Disapprove              Abstain                Approve
              Quorum
           Yes/       %       Shares           %       Shares        %        Shares         %
            No
          Yes       86,28    0            0        0             0         507.306.000     100   Approve
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    The Decision :


    Approved the use of the Company's profits for the financial year ending December 31, 2022 in the amount
    of IDR 2,222,723,545, - (two billion two hundred twenty two million seven hundred twenty three thousand
    five hundred and forty five Rupiah), to be used to strengthen the Company's working capital.


4. The Fourth Agenda of The Meeting :

            Meeting                                 The Shareholders                              Results
          Attendance         Disapprove               Abstain                 Approve
            Quorum
         Yes/      %      Shares           %        Shares        %       Shares          %
          No
        Yes     86,28    0             0        0             0         507.306.000     100       Approve

    The Decision :
   1.     Granted power and authority to the Company's Board of Commissioners to appoint a Public
          Accountant and a Public Accountant Office to audit the Company's financial statements for the 2023
          financial year, including determining the honorarium and other requirements in connection with the
          appointment of the Public Accountant;
   2.     Approve the delegation of authority because it requires a coordination meeting of all the Company's
          Commissioners and also sufficient time to determine the Public Accountant/Public Accounting Firm
          that meets the criteria;
   3.     Approved the appointment of a Public Accountant (AP) and Public Accountant Firm (KAP) through a
          direct selection process with the following criteria:
          - Assessment procedures starting from administrative, technical and price aspects;
          - Invite and request a new offer of at least 2 (two) experienced Public Accounting Firms;
          - Public Accounting Firm (KAP) must be registered with the Financial Services Authority and other
              parties that require it in writing.

5. The Fifth Agenda of The Meeting :

            Meeting                                  The Shareholders                              Results
          Attendance         Disapprove                 Abstain                Approve
            Quorum
         Yes/      %      Shares           %         Shares        %       Shares             %
          No
        Yes     86,28    0             0         0             0        507.306.000      100       Approve


    The Decision :

    Approved to authorize the Company's Board of Commissioners to determine the value of remuneration
    and benefits for members of the Company's Board of Directors and approved the provision of
    remuneration for the Company's Board of Commissioners in the amount of Rp.1,170,000,000.- (one billion
    one hundred and seventy million Rupiah) gross per year.
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 6.   The Sixth Agenda of The Meeting :

           Meeting                                    The Shareholders                           Results
          Attendance           Disapprove               Abstain                Approve
           Quorum
        Yes/       %        Shares         %         Shares        %       Shares           %
         No
       Yes       86,28     0           0         0             0         507.306.000     100     Approve


      The Decision :
       Approved reappointment of the composition of the Company's management for a term of office for 1
      (one) year commencing from the date of Company's Annual General Meeting of Shareholders in 2023
      pursuant to Company's Articles of Association, so that the composit the Board of the Company since the
      date of the General Meeting of Shareholders of the Company in 2023 until the close of the Annual General
      Meeting of Shareholders of the Company in 2024, is as follows:
      Board of Commissioner
      President Commissioner
      Concurrently Independen Commissioner       : Soebronto Laras
      Commissioner                               : Shinta Widjaja
      Commissioner                               : Rudianto Darmawan Santoso


      Board of Director
      President Director                         : Selo Winardi
      Director                                    : Dr. Agus Hasan Sulistiono Reksoprodjo
      Director                                    : Soeseno Adi


7.    The Seventh Agenda of The Meeting :

           Meeting                                    The Shareholders                           Results
          Attendance           Disapprove               Abstain                Approve
           Quorum
        Yes/       %        Shares         %         Shares        %       Shares           %
         No
       Yes       86,28     0           0         0             0         507.306.000     100     Approve


      The Decision :

      Approve the adjustment of Article 3 of the Company's Articles of Association with the 2020 KBLI and not
      change the main business activities of the Company (for the code of business fields it will be adjusted to the
      2020 KBLI and submitted to the Notary for data input).
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8.   The Eighth Agenda of The Meeting :

          Meeting                                     The Shareholders                         Results
         Attendance          Disapprove                 Abstain                Approve
          Quorum
       Yes/       %       Shares          %          Shares        %       Shares          %
        No
      Yes       86,28    0           0           0             0         507.306.000     100   Approve


     The Decision :

     Approved the amendment to Article 22 paragraph (12) of the Articles of Association in accordance with OJK
     Regulation Number 14/POJK.04/2022 concerning Submission of Periodic Financial Reports of Issuers or
     Public Companies.




                                              Jakarta, June 27, 2023
                                              PT Tira Austenite Tbk
                                                Board of Directors
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