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20251008_SWID_Transaksi Material Tanpa Persetujuan RUPS_31965900_lamp2.pdf
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DISCLOSURE
Name of the Company : PT Saraswanti Indoland Development Tbk
Sector : Properti & Real Estate
Telephone : (0274) 883866
E-mail : corsec.swid@saraswanti.com
1. Date of Material October 7th, 2025
Transaction
2. Type of Material 1. Pursuant to the Financial Services Authority Regulation
Information of Facts (“FSAR”) No. 17/POJK.04/2020 concerning Material
Transactions and Changes in Business Activities, as explained in
Article 2, the type of material transaction includes borrowing and
lending of funds, including their transfer, as well as providing
corporate guarantees.
2. Pursuant to FSAR No. 31/POJK.04/2015 concerning Disclosure
of Information or Material Facts by Issuers or Public Companies,
as stated in Article 6, the type of material transaction refers to an
event that may result in an increase in financial obligations or a
material decrease in revenue of the Issuer or Public Company.
3. Explanation, This loan transaction was carried out as part of the Company’s
Consideration, and strategic initiative to increase recurring income from the operational
Reason for activities of the Innside by Melia Yogyakarta Hotel. The funds
Conducting the obtained from this transaction will be allocated for the construction
Material Transaction of a ballroom at the Innside by Melia Yogyakarta Hotel, which forms
and the Impact of part of the facility development and optimization of existing assets,
Such Transaction on while also strengthening the Company’s financial position and
the Financial investment sustainability in the future.
Condition of the
Public Company
4. Parties Involved in 1. PT Saraswanti Indoland Development Tbk (the “Company”) as
the Transaction the debtor.
2. PT Bank Pembangunan Daerah Jawa Tengah (“Bank Jateng”), a
banking institution, as the creditor.
5. Credit Limit Rp50.000.000.000,- (Fifty Billion Rupiah).
6. Interest Rate 8% p.a. (per annum) effective.
7. Term 72 (Seventy-Two) months from the date of the credit agreement,
including the availability period and grace period.
8. Guarantee a. Fixed Asset
1) Graha Indoland Strata Title Building, consisting of:
(1) 80 (eighty) Residential Condominium Units with
ownership evidenced by Strata Title Certificates for
Condominium Units registered under the name of PT
Saraswanti Indoland Development Tbk.
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(2) 8 (eight) Non-Residential Condominium Units in the
form of hotel facilities with ownership evidenced by
Strata Title Certificates for Condominium Units
registered under the name of PT Saraswanti Indoland
Development Tbk.
2) Land on which the ballroom will be constructed, with
ownership evidenced by an Right to Build Certificate, which
will subsequently be transferred to PT Saraswanti Indoland
Development Tbk.
b. Non Fixed Asset
Corporate Guarantee from PT Saraswanti Utama
9. Loan Terms and The Debtor shall be required to fulfill the conditions for signing the
Conditions Credit Agreement as follows, but not limited to:
1. The Debtor has returned the Credit Approval Notification Letter
(SP2K) duly signed by the authorized management in accordance
with the Articles of Association and its amendments.
2. The Debtor has submitted a letter of approval from the
Company’s authorized corporate organs pursuant to the latest
Articles of Association regarding the Debtor’s actions to:
a. Obtain Credit Facilities from the Bank.
b. Execute the credit agreement, including any future addenda
and ancillary documents, until the credit facility is fully
settled.
c. Conduct legal acts to transfer, release, or encumber part of the
Company’s assets, or grant approval to pledge the Company’s
assets to PT Bank Pembangunan Daerah Jawa Tengah.
3. The Debtor has fully settled its existing credit facilities with Bank
Jateng.
4. The Debtor has provided sufficient funds in its account at Bank
Jateng to cover the payment of provision fees, administrative
fees, notarial fees, and other costs arising from the credit
agreement.
5. The Debtor has submitted a statement letter and power of
attorney authorizing Bank Jateng to debit the Company’s account
at Bank Jateng for the payment of all principal and interest
obligations, provision fees, administrative fees, notarial fees, and
other costs arising from the credit agreement.
6. The Debtor has signed and submitted to Bank Jateng a stamped
Statement Letter declaring the Debtor’s commitment to:
a. Utilize the credit facility in accordance with its intended
purpose.
b. Comply with and be bound by the provisions of the Credit
Agreement, Collateral Binding Agreement, applicable
regulations of Bank Jateng, and prevailing laws and
regulations.
c. Refrain from pledging the collateral to other parties and
declare that all collateral is free from disputes, seizures,
encumbrances, or lease-purchase agreements.
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d. Renew the Company’s licenses, identification documents, and
collateral insurance policies prior to their expiration while the
credit facility remains outstanding.
e. Conduct revaluation of the credit collateral by an appraisal
company affiliated with Bank Jateng every two (2) years or as
deemed necessary by the Bank.
f. Grant Bank Jateng and the Financial Services Authority
(OJK) the right to conduct inspections and monitoring visits
to the business location, project site, or collateral location at
any time.
g. Channel business transactions through accounts maintained at
Bank Jateng, particularly for the business operations of Hotel
Innside by Melia.
h. Utilize Bank Jateng’s products and services.
i. Submit a copy of the extended management agreement of the
condotel with PT SOL Melia Indonesia. Should PT SOL
Melia Indonesia unilaterally terminate the agreement, the
Debtor must provide a new management agreement with a
replacement operator. If the Debtor fails to provide such
agreement, a review of the credit facility will be conducted.
j. Agree to the assignment or transfer of part or all of Bank
Jateng’s rights and obligations under the Credit Agreement to
other parties without incurring any additional costs arising
from such transfer.
7. The Debtor and the Company’s management are not listed in
Bank Indonesia’s Blacklist as issuers of dishonored checks or
giro slips, and are not recorded in the Financial Information
Service System (SLIK) of the Financial Services Authority
(OJK) as debtors with non-performing loans classified as
Substandard, Doubtful, or Loss.
8. All processes related to collateral binding, transfer of ownership,
and extension of the Right to Build Certificate (SHGB) shall be
carried out by a Notary/PPAT affiliated with Bank Jateng, as
evidenced by a cover note from the said Notary, with all collateral
binding costs borne by the Debtor.
1 Prohibited Acts by the As long as the credit facility has not been fully settled, the Debtor
0. Debtor shall not, without the Bank’s prior written consent, undertake the
following actions:
1. Amend the Company’s Articles of Association in a manner that
may result in: a change in the line of business; a reduction of the
Company’s capital; a change in the Company’s legal status; an
amendment to the Company’s period of establishment; a change
in the composition of shareholders that would result in PT
Saraswanti Utama no longer being the majority shareholder
(holding less than 51%) of PT Saraswanti Indoland Development
Tbk; or a change in the Ultimate Beneficial Owner (UBO), YN
Hari Hardono.
2. Change the hotel operator.
3. Apply for new credit facilities or other loans from financial
institutions or third parties, except for normal trade transactions
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and existing banking facilities effective at the time this credit
facility was granted.
4. Undertake any reorganization, including but not limited to
mergers, acquisitions, filing for moratorium, dissolution, or
liquidation of the company.
5. Act as a guarantor (borg/avails) for other parties and/or pledge
the Company’s assets to other parties, except for existing
arrangements.
6. File a petition for bankruptcy with the Commercial Court to
declare the Debtor bankrupt.
7. Enter into or conduct unfair agreements or transactions, including
but not limited to transactions with other parties—whether
individuals or companies, including affiliated companies—in
ways that are inconsistent with normal business practices, such as
making purchases at prices higher than market value or selling at
prices lower than market value.
8. Sell and/or pledge the Company’s assets that have been pledged
as collateral to the Bank to other parties. In the event that any of
the pledged condotel units are sold, the Debtor shall be required
to make a principal repayment in the amount of the sale value.
1 Other Information In compliance with the FSAR No. 17/POJK.04/2020, it is hereby
1. stated that:
a. The Board of Directors declares that this borrowing and lending
transaction does not constitute an affiliated transaction as
referred to in FSAR No. 42/POJK.04/2020 concerning
Affiliated Transactions and Conflict of Interest Transactions.
b. The Board of Directors and the Board of Commissioners
declare that this borrowing and lending transaction does not
contain any conflict of interest as referred to in FSAR No.
42/POJK.04/2020 concerning Affiliated Transactions and
Conflict of Interest Transactions.
c. The Board of Directors and the Board of Commissioners
declare that all material information has been disclosed in this
information disclosure and that such information is not
misleading.
PT Saraswanti Indoland Development Tbk
Jl. Palagan Tentara Pelajar KM. 7, Sleman, Yogyakarta
Main Business Activites:
Star Hotel, Owned, Leased or for Sale Real Estate Developer, and Rental of Venues for Organizing
MICE Activities and Special Events
E-mail : corsec.swid@saraswanti.com
Website : www.saraswantiproperty.com
Names mentioned 10 people and organisations named in the text · linked when the evidence is strong
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Financial Services Authority
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PT Bank Pembangunan Daerah Jawa Tengah
p.1 ×2
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Bank Jateng
p.1 ×11
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Bank Jateng’s
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PT SOL Melia Indonesia. Should
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PT SOL Melia Indonesia
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Bank Indonesia
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Bank Indonesia’s Blacklist
p.3
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12 Sep 2026 22:34
Raw output
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'kind': 'MATERIAL_FACT',
'kjpp_name': '',
'letter_number': '',
'object_text': '',
'object_truncated': False,
'parties': [],
'pct_of_equity': None,
'reference_period': '',
'requires_rups': None,
'rups_date': None,
'ticker': '',
'transaction_date': None,
'valuation_date': None,
'value': None}