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Page 1
                                ANNOUNCEMENT
                             TO THE SHAREHOLDERS
    THE SUMMARY OF MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
          PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk ("Company")

The Company’s Board of Directors hereby informs the shareholders that the Annual General Meeting of Shareholders
of the Company had been convened on 16 June 2025 physically at Danamas Room, Sinar Mas Land Plaza, Tower II,
39th Floor, Jalan MH. Thamrin No. 51, Central Jakarta 10350, and electronically through eASY.KSEI platform provided
by PT Kustodian Sentral Efek Indonesia (“KSEI”), hereinafter referred to as the “AGM”.

A. The AGM was commenced at 10:00 WIB (ten of the Western Indonesian Time) until 11:19 WIB (eleven past
   nineteen of the Western Indonesian Time).

B. The AGM was attended by the Company’s legitimate shareholders and their proxies totaled 2,793,366,381 (two
   billion seven hundred ninety three million three hundred sixty six thousand three hundred and eighty one) shares
   or representing 97.26% (ninety seven point twenty six percent) of the total issued shares of the Company with
   valid voting rights as per the AGM date amounting to 2,872,193,366 (two billion eight hundred seventy two million
   one hundred ninety three thousand three hundred and sixty six) shares.

C. The AGM was attended by the members of the Company’s Board of Commissioners and Board of Directors as
   follows:
   1. Rafael B. Concepcion, Jr. as the Vice President Commissioner;
   2. Prof. DR. Teddy Pawitra as the Independent Commissioner;
   3. Prof. DR. Susiyati B. Hirawan as the Independent Commissioner;
   4. Ardhayadi, S.E., M.A as the Independent Commissioner;
   5. Ir. Lukmono Sutarto as the Commissioner;
   6. The Biao Leng as the President Director;
   7. Jimmy Pramono as the Vice President Director;
   8. DR. ING Gianto Widjaja as the Vice President Director;
   9. Franciscus Costan as the Director; and
   10. D. Agus Purnomo as the Director;

D. Mata Acara Rapat yaitu:
   1. Approval on the Annual Report, annual account, and ratification of the supervisory duty report of the Company’s
       Board of Commissioners, as well as granting the full acquittal of responsibility (acquit et de charge) to the
       Company’s Board of Directors and Board of Commissioners for the fiscal year 2024;
   2. Enactment and approval on the Company’s profit appropriation for the fiscal year 2024;
   3. Approval of the appointment of the members of the Company’s Board of Directors and Board of Commissioners
       for the 2025-2030 term of service;
   4. Determination of the salary, honorarium, and allowances of the Company’s Board of Directors and Board of
       Commissioners;
   5. Appointment of an Independent Public Accountant to audit the Company’s Financial Statements for the fiscal
       year 2025;
   6. Approval of the amendment to the Company's Articles of Association in regards to the addition of the Standard
       Classification of Indonesian Business Fields ("KBLI") for new business activity, with presentation of the
       respective feasibility study;
   7. Approval of the amendment to the Company's Articles of Association in regards to the addition of KBLI for
       supporting business activities without changing the Company's main business activities;
   8. Approval to confirm the complete address of the Company; and
   9. Approval on the granting of power and authorities to the Company’s Board of Directors in order to transfer the
       Company’s assets; or to provide the Company’s assets as collateral which constitute more than 50% (fifty
       percent) of the Company’s net assets in 1 (one) or more transactions, either in relation to one another or not.

E. Prior to resolving each of the decisions, the Chairman of the AGM rendered opportunities to the Company’s
   presenting shareholders and/or their proxies, either physically or electronically, to raise queries and/or to express
   their opinions on each AGM Agenda. There were no shareholders and/or their proxies who presented physically
   or electronically raising their queries and/or opinions under all AGM Agenda.

F. The Company has appointed an independent notary, Mrs. Sri Hidianingsih Adi Sugijanto, S.H., to calculate and/or
   validate the votes in the AGM.

G. The resolution for all AGM Agendas was taken by voting, with the following results:
Page 2
                 Blank/
     Agenda      Abstain     Disagree Votes           Agree Votes            Total Agree Votes         Resolution
                  Votes
     First and    None             None           2,793,366,381 shares     2,793,366,381 shares       Approved by
     Second                                          or representing          or representing         deliberation
                                                         100.00%                  100.00%            and consensus
     Third and    None             None           2,793,366,381 shares     2,793,366,381 shares       Approved by
      Fourth                                         or representing          or representing         deliberation
                                                         100.00%                  100.00%            and consensus
       Fifth      None             None           2,793,366,381 shares     2,793,366,381 shares       Approved by
                                                     or representing          or representing         deliberation
                                                         100.00%                  100.00%            and consensus
     Sixth to     None             None           2,793,366,381 shares     2,793,366,381 shares       Approved by
     Seventh                                         or representing          or representing         deliberation
                                                         100.00%                  100.00%            and consensus
      Eighth      None             None           2,793,366,381 shares     2,793,366,381 shares       Approved by
                                                     or representing          or representing         deliberation
                                                         100.00%                  100.00%            and consensus
       Ninth      None      1,060,860 shares      2,792,305,521 shares     2,792,305,521 shares        Approve by
                             or representing         or representing          or representing        majority votes
                                  0.04%                   99.96%                   99.96%

H. The resolutions concluded at the AGM are as follows:

   The First and Second Agenda:
   1. a. Approved the Company’s Annual Report for the fiscal year 2024;
      b. Approved and ratified the Company’s Annual Account for the fiscal year 2024 audited by Mirawati Sensi
          Idris Public Accountant Firm, as adopted in its Independent Auditor’s Report dated 27 February 2025
          Number 00077/2.1090/AU.1/01/0155-4/1/II/2025, with unqualified opinion; and ratified the Supervisory
          Duties Report of the Company’s Board of Commissioners for the fiscal year 2024;
      c. Granted the full acquittal of responsibility (acquit et de charge) to the Company’s Board of Directors over
          any management conducted by them during the fiscal year 2024, and to the Company’s Board of
          Commissioners over any supervision conducted by them during the fiscal year 2024, to the extent that
          their management and supervision have been reflected in the above-mentioned Annual Report.

   2. Approved the Company’s profits appropriation for the fiscal year 2024 as follows:
      a. To distribute the final dividend amounting to IDR 135,- per share, therefore total dividend distributed shall
         be amounting IDR 387,746,104,410,- (three hundred eighty seven billion, seven hundred forty six million,
         one hundred four thousand, four hundred and ten Rupiah), after incorporating the dividend interim of
         IDR 105,- per share or totaled IDR 301,580,303,430,- (three hundred one billion, five hundred eighty
         million, three hundred three thousand, four hundred and thirty Rupiah) which has been paid to the
         Company’s Shareholders on 20 November 2024, therefore the remaining cash dividend to be paid
         amounting to IDR 30,- per share or totaled IDR 86,165,800,980,- (eighty six billion, one hundred sixty five
         million, eight hundred thousand, nine hundred and eighty Rupiah);
      b. The remaining balance of the Company’s retained earnings of IDR 16,842,301 million (sixteen trillion, eight
         hundred forty two billion, three hundred and one million Rupiah) shall be recorded as unappropriated
         retained earnings; and
      c. Granted the authority and power of attorney to the Company’s Board of Directors to carry out and announce
         the cash dividend distribution in accordance with the applicable regulations.

      Cash dividend shall be distributed to the Company’s Shareholders whose name are legitimately recorded in
      the Company’s Shareholders Register on 26 June 2025 until 16.00 Western Indonesian Time (recording date)
      with the provisions as follows:

      A. SCHEDULE OF CASH DIVIDEND DISTRIBUTION
          a. Cum-dividend in the Regular and Negotiation Markets         : 24 June 2025
          b. Ex dividend in the Regular and Negotiation Markets          : 25 June 2025
Page 3
       c. Cum-dividend in the Cash Markets                             : 26 June 2025
       d. Ex-dividend in the Cash Markets                              : 30 June 2025
       e. Cash dividend payment                                        : 9 July 2025

   B. PROCEDURE OF CASH DIVIDEND PAYMENT
      a. For the Company’s Shareholders whose shares are recorded in the collective deposit of KSEI, the
         cash dividend will be received through the Account Holder in KSEI. Written confirmation concerning
         the result of cash dividend distribution will be delivered by KSEI to the respective securities company
         and/or custodian bank, thereafter, the Shareholders will receive information about their stock balance
         from the securities company and/or custodian bank at which the Shareholders open their accounts.
      b. For the Company’s Shareholders whose shares are in script, the Company will pay the dividend
         through electronic banking transfer to the account of the relevant Shareholders. Therefore, the
         aforesaid Shareholders shall give notice in writing about their Banking Account Numbers, not later
         than 26 June 2025, to the Share Registrar (“BAE”) of the Company:

                                               PT Sinartama Gunita
                                  Tekno Tower 7th Floor, Jln. H. Fachrudin No. 19,
                                  Kebon Sirih, Tanah Abang, Jakarta Pusat 10250
                                    Telp.: (021) 3922332 Fax.: (021) 3923003

       c. Based on the prevailing tax laws and regulations, the cash dividend will be exempted from being a tax
          object if it is received by the Domestic Corporate Taxpayer Shareholder (“WP Badan DN”) and the
          Company will not deduct any Income Tax on the cash dividend paid to the WP Badan DN. The cash
          dividend received by the Domestic Individual Taxpayer Shareholder (“WPOP DN”) will be exempted
          from being a tax object as long as the dividend are invested in the territory of the Republic of Indonesia.
          For WPOP DN who does not meet the investment requirements as regulated in the relevant regulations,
          the cash dividend received shall be subject to Income Tax in accordance with the provision of the
          prevailing laws, and the Income Tax must be self-paid by the WPOP DN in accordance with the
          provisions of the Government Regulation No. 9 Year 2021 concerning Tax Treatment to Support Ease
          of Doing Business.
       d. For the Company’s Shareholder who is an Assessable Foreigner whose tax withholding will use an
          adjusted Tariff determined by the Agreement on Double Tax Avoidance (Tax Treaty) shall be obliged
          to comply with the requirements of the Director General of Tax Regulation number PER-25/PJ/218
          concerning Procedures for Application of Double Tax Treaty and submit its Certificate of Domicile
          (“SKD”) having been legalised by the Tax Service Office for Publicly Listed Companies to KSEI or BAE
          according to the rules and regulations of KSEI on the deadline of SKD submission. Without any
          abovementioned SKD, the cash dividend will be imposed an Income Tax of Article 26 of 20%.

The Third and Fourth Agenda:
1. a. Approved the appointment of the members of the Company’s Board of Directors and Board of
      Commissioners, which shall be effective since the closing of the AGM, for the period until the closing of
      the 5th Annual General Meeting of Shareholders which will be held in 2030, with the following composition:

       BOARD OF DIRECTORS:
         President Director                  : The Biao Leng;
         Vice President Director             : Jimmy Pramono;
         Vice President Director             : DR. ING. Gianto Widjaja;
         Director                            : Franciscus Costan;
         Director                            : D. Agus Purnomo;
         Director                            : Drs. Gatot Eddy Pramono.

       BOARD OF COMMISSIONERS:
         President Commissioner              : Franky Oesman Widjaja;
         Vice President Commissioner         : Rafael Buhay Concepcon, Jr.;
         Vice President Commissioner /
          Independent Commissioner             : Prof. DR. Teddy Pawitra;
         Commissioner                         : Ir. Lukmono Sutarto;
         Independent Commissioner             : Prof. DR. Susiyati B. Hirawan;
         Independent Commissioner             : Ardhayadi SE., MA;
         Independent Commissioner             : Ketut Sanjaya.

   b. Granting the authority and power of attorney with substitution right to the Company’s Board of Directors to
      conduct any actions in relation to the abovementioned appointment of the members of the Company’s
      Board of Directors and Board of Commissioners, including but not limited to draw up and to cause drawn
Page 4
       up and to sign any deed and/or document in regards with the appointment of the members of the
       Company’s Board of Directors and Board of Commissioners, and notify the changes of the Company’s
       data to the Minister of Law of the Republic of Indonesia.

2. a. Approved the granting of authority and power of attorney to the Company’s Majority Shareholder to
      determine the salary, honorarium and allowances of the members of the Company’s Board of
      Commissioners for the year 2025; and
   b. Approved the granting authority and power of attorney to the Company’s Board of Commissioners to
      determine the salary, honorarium, and allowances of the members of the Company’s Board of Directors
      for the year 2025.

The Fifth Agenda:
   a. Approved the granting of authority and power of attorney to the Company’s Board of Commissioners to
       appoint a Public Accountant and/or a Public Accountant Firm registered in OJK, to audit the Company’s
       Consolidated Financial Report for financial year 2025, by considering the recommendation from the
       Company’s Audit Committee and in accordance with the criteria stipulated in POJK Number 9 Year 2023
       regarding the Engagement of Public Accountant and Public Accountant Firm in Financial Services
       Activities; and
   b. Approved the granting of authority and power of attorney to the Company’s Board of Directors to determine
       the honorarium of the Appointed Public Accountant Firm and other requirements of the appointment
       thereof.

The Sixth and Seventh Agenda:
   a. Approved to amend the Company’s Articles of Association namely the Article 3 of the Company’s Articles
       of Association regarding Purpose, Objective and Business Activity of the Company in order to add the
       Standard Classification of Indonesian Business Field of a new business activity that is Bio Gas Production
       (35203) and the supporting business activities without changing the Company’s main business activities,
       which are Electricity Generation (35111); Raw Water Storage and Distribution (36002); Motorised
       Transportation for General Goods (49431); Motorised Transportation for Special Goods (49432);
       Warehousing and Storage (52101); Owned or Rented Real Estate (68111); Holding Companies Activity
       (64200); Head Office Activity (70100); Biotechnology Research and Development (72104); Research and
       Development of Agricultural, Animal Husbandry, and Forestry Science (72105); Private Elementary/
       Ibtidaiyah Education (85121); Private Junior High School/Tsanawiyah Education (85122).
   b. Approved the granting of authority with substitution right to the Board of Directors of the Company to
       conduct all legal actions in connection with this AGM resolution, including but not limited to appear before
       the authorised officials, to discuss, to render and/or to request for information, to draw up or to cause drawn
       up and to sign any deeds and/or other required documents, to file an application for approval from and/or
       to notify the amendments of the Company’s Articles of Association to the Minister of Law of the Republic
       of Indonesia, and for such purposes to make amendment(s) and/or addition(s) in whatsoever kinds needed
       and/or required by the Minister of Law of the Republic of Indonesia, and to perform all other matters that
       must and/or can be executed for the execution of this AGM resolution.

 The Eighth Agenda:
   a. Approved to confirm the Company’s complete address to be recorded in the Limited Liability Company
      Registry to be at Sinar Mas Land Plaza Menara 2 Lantai 28-30, Jalan M.H. Thamrin Nomor 51, Rukun
      Tetangga 009, Rukun Warga 004, Jakarta Pusat 10350.
   b. Granting the authority and power of attorney with substitution right to the Board of Directors of the Company
      to conduct any actions in relation to the abovementioned confirmation, including but not limited to draw up
      and to cause drawn up and to sign any deed and/or document in regards with the confirmation of the
      Company’s complete address and notify the changes of the Company’s data to the Minister of Law of the
      Republic of Indonesia.

 The Ninth Agenda:
  Approved the granting of power and authority to the Company’s Board of Directors in order to transfer the
  Company’s assets; or to provide the Company’s assets as collaterals; which constitute more than 50% (fifty
  percent) of the Company’s net assets in 1 (one) or more transactions, either related to one another or not.


                                      Jakarta, 17 June 2025
                      PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk
                                        (PT SMART Tbk)
                                        Board of Directors

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Names mentioned 21 people and organisations named in the text · linked when the evidence is strong

linked org Sinar Mas p.1 ×2
linked person Prof. DR. Teddy Pawitra p.1 ×3
linked person Prof. DR. Susiyati B. Hirawan p.1 ×3
linked person Ir. Lukmono Sutarto p.1 ×3
linked person The Biao Leng p.1 ×2
linked person Jimmy Pramono p.1 ×2
linked person DR. ING Gianto Widjaja p.1 ×3
linked person Franciscus Costan p.1 ×2
linked person D. Agus Purnomo p.1 ×2
linked person Drs. Gatot Eddy Pramono. p.3
linked person Franky Oesman Widjaja p.3
linked person Ketut Sanjaya. p.3
possible person Ardhayadi p.1
unresolved org PT Kustodian Sentral Efek Indonesia p.1
unresolved person Sri Hidianingsih Adi Sugijanto p.1
unresolved org PT Sinartama Gunita Tekno Tower p.3
unresolved person H. Fachrudin p.3
unresolved org Minister of Law p.4 ×4
unresolved person H. Thamrin p.4
unresolved org SMART Tbk p.4 ×2

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

Rule parser Needs review confidence 0.222 1159 ms 12 Sep 2026 22:38

no shares_present; no pct_present; no vote table found

Raw output
{'agenda': [], 'is_electronic': True, 'meeting_type': 'OTHER'}
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