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20250526_DOID_Ringkasan Risalah//Risalah RUPS_31889331_lamp2.pdf

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Page 1
                                                 SUMMARY OF MINUTES
                                 EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS AND
                                       ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                           PT BUMA INTERNASIONAL GRUP TBK

In compliance with the Financial Services Authority Regulation No. 15/POJK.04/2020 concerning the Plan and
Implementation of General Meeting of Shareholders of Public Limited Company (“POJK 15”), the Board of Directors of PT
BUMA Internasional Grup Tbk (the “Company”), domiciled in South Jakarta, hereby announces that the Company has
convened its Extraordinary General Meeting of Shareholders of the Company (“Extraordinary GMS”) and Annual General
Meeting of Shareholders (“Annual GMS”) (hereinafter collectively referred to as the “Meeting”) on Thursday, May 22,
2025 at Pacific Century Place, Function Room B, Level B1, SCBD Lot 10, Jl. Jend. Sudirman Kav 52-53, Jakarta Selatan 12190
(hereinafter collectively referred to as the “Meeting”), which were conducted physically and electronically through
eASY.KSEI facility provided by PT Kustodian Sentral Efek Indonesia (“KSEI”).

A. The Extraordinary GMS was convened from 2.11 pm to 2.25 pm Western Indonesian Time

   I. Members of the Company’s Board of Commissioners and Board of Directors who were present at the
      Extraordinary GMS:
      Board of Commissioners:
      - President Commissioner and
        Independent Commissioner           : Hamid Awaluddin
      - Independent Commissioner           : Nurdin Zainal
      - Commissioner                       : Ashish Gupta*
      - Commissioner                       : Dian Sofia Andyasuri*

      Board of Directors:
      - President Director                 : Ronald Sutardja
      - Director                           : Iwan Fuad Salim
      - Director                           : Dian Paramita

      *present through video conference


   II. Attendance Quorum at the Extraordinary GMS
      - That pursuant to Article 27 paragraph (1) letter a of the Company's Articles of Association, the Meeting shall be
        valid and may be convened if attended by shareholders/their proxies representing more than 2/3 (two-thirds) of
        the total number of shares with valid voting rights issued by the Company for the entire Agenda of the
        Extraordinary GMS.
      - That the Extraordinary GMS was attended by shareholders/their proxies totaling 5,660,120,658 shares,
        representing 76.313% of 7,416,999,732 shares which constitute all shares with valid voting rights issued by the
        Company up to the recording date after deducting 234,007,400 shares resulting from the Company's shares
        buyback or treasury shares.
      - That the attendance quorum requirement for holding the Extraordinary GMS has been complied, and therefore
        the Meeting can be carried on and is entitled to adopt legally binding resolutions.

  III. The Opportunity to Raise Question or to Give Opinion
      - That every shareholder/proxy who was physically or virtually present was given the opportunity to ask questions
        and/or give opinions related to each Agenda of the Extraordinary GMS.
      - That none of the shareholder/ proxy asked questions for the entire Agenda of the Extraordinary GMS.
Page 2
IV. The Resolution’s Mechanism Adopted in the Extraodinary GMS
   -   Resolutions of the Extraordinary GMS shall be adopted based on deliberation for consensus. If deliberation for
       consensus is not achieved, then voting will be conducted.
   -   Voting shall be carried out by submitting voting cards for shareholders present at the Meeting and
       electronically (e-Voting) through eASY.KSEI for shareholders attending virtually.
   -   If there is no dissenting votes and no abstentions, the resolutions of the Meeting are deemed approved based
       on deliberation to reach a consensus. If there are dissenting votes or abstentions, the decision shall be made
       through voting.
   -   In accordance with article 47 of POJK 15 and article 24 paragraph (6) of the Company's Articles of Association,
       abstentions are considered casting the same vote as the majority of votes.

V. The Extraordinary GMS Agenda
   1. Approval of the amendment to the Company's Articles of Association.

VI. The Extraordinary GMS Resolutions
     First Agenda
     Number of                 None
     question/opinion
     Voting Result                 Affirmative                Abstain            Non-Affirmative        Voting Result

     The Meeting is approved     5,649,396,458          10,724,200 shares or    0                     5,660,120,658
     by majority votes           shares or 99.811%      0.189% of the total                           shares or 100% of
                                 of the total           authorized shares                             the total authorized
                                 authorized shares      present at the                                shares present at
                                 present at the         Meeting.                                      the Meeting.
                                 Meeting.
     The Resolutions:            1.   Approved the amendment of article 11 paragraph (5) of the Company's Articles
                                      of Association by adding the following provisions: (1) the terms of office of
                                      members of the board of directors shall be valid until the closing of the third year
                                      of the Annual GMS, and (2) the term of office for members of the board of
                                      directors appointed to fill vacancies due to replacement shall be for 3 (three)
                                      years, unless otherwise determined by the GMS.
                                 2.   Approved the amendment of article 14 paragraph (4) of the Company's Articles
                                      of Association by adding the provision that the term of office for members of the
                                      board of commissioners shall be valid until the closing of the fifth year of the
                                      Annual GMS.
                                 3.   Approved the amendment of article 14 paragraph (7) of the Company's Articles
                                      of Association by adding the term of office for members of the board of
                                      commissioners appointed to fill vacancies due to replacement shall be for 5 (five)
                                      years, unless otherwise determined by the GMS.
                                 4.   Approved the granting of authority and power with the right of substitution to the
                                      Board of Directors of the Company to take all necessary actions in connection with
                                      the amendments to the provisions of the Company's Articles of Association as
                                      submitted in this Meeting and reaffirm the provisions of article 11 and article 14 of
                                      the Company's Articles of Association in connection with such amendments, so that
                                      they become part of the Company's Articles of Association with other provisions
                                      remains unchanged, including but not limited to making or requesting to be made
                                      and signing amendments and rearranging the Company's Articles of Association in
                                      a separate Notarial deed and notifying the Minister of Law of the Republic of
                                      Indonesia of such amendments, as well as undertaking any and all necessary
                                      actions required by applicable laws and regulations.
Page 3
B. The Annual GMS was convened from 2.30 pm to 15.37 pm Western Indonesian Time.

  I. Member of the Company’s Board of Commissioners and Board of Directors who were present at the Annual GMS:
     Board of Commissioners:
     - President Commissioner and
       Independent Commissioner       : Hamid Awaluddin
     - Independent Commissioner       : Nurdin Zainal
     - Commissioner                   : Ashish Gupta*
     - Commissioner                   : Dian Sofia Andyasuri*

       Board of Directors:
       - President Director                : Ronald Sutardja
       - Director                          : Iwan Fuad Salim
       - Director                          : Dian Paramita

       *present through video conference


 II.   Attendance Quorum at the Annual Extraordinary GMS
       - That pursuant to Article 24 paragraph (1) letter a of the Company's Articles of Association, the Meeting shall be
         valid and may be convened if attended by shareholders/their proxies representing more than 1/2 (half) of the
         total number of shares with valid voting rights issued by the Company for the entire Agenda of the Annual GMS.
       - That the Annual GMS was attended by shareholders/their proxies totaling 5,660,190,858 shares representing
         76.314% of 7,416,999,732 shares which constitute all shares with valid voting rights issued by the Company up
         to the recording date after deducting 234,007,400 shares resulting from the Company's shares buyback or
         treasury shares.
       - That the attendance quorum requirement for holding the Annual GMS has been complied, and therefore the
         Meeting can be carried on and is entitled to adopt legally binding resolutions.

 III. The Opportunity to Raise Question or to Give Opinion
       - That each shareholder/ proxy who was physically or virtually present was given the opportunity to ask questions
         and/or give opinions related to each Agenda of the Annual GMS.
       - That there was 1 (one) shareholder present at the Meeting who raised questions and/or opinions.

 IV. Resolution’s Mechanism Adopted in the Annual GMS
       The resolution mechanism adopted in the Annual GMS is similar to that used in the Extraordinary GMS as described
       in the upper part of this Summary of Meeting Minutes.

 V.    Annual GMS Agenda
       1. Approval of the Company's Annual Report, including Supervisory Report of the Board of Commissioners and
          ratification of the Company's Financial Statements for the financial year 2024, as well as granting full discharge
          and release of responsibilities (acquit et de charge) to the Company’s Board of Directors and Board of
          Commissioners for all management and supervision actions during the financial year 2024.
       2. Approval of the use of the Company's net profit for the financial year 2024.
       3. Approval of the appointment of Public Accountant and/or Public Accounting Firm to conduct an audit of the
          Company's Financial Statements for the financial year 2025.
       4. Approval of the determination of salary or honorarium and/or other allowances for members of the Company’s
          Board of Commissioners and Board of Directors for the financial year 2025.
       5. Approval of the changes to the composition of the management.
Page 4
VI. The Annual GMS Resolutions
    First Agenda
    Number of              2 (two) questions
    question/opinion
    Voting Result                Affirmative         Abstain          Non-Affirmative         Voting Result

    The Meeting is         5,646,679,858        13,472,500 shares    38,500 shares or      5,660,152,358
    approved by majority   shares or 99.761%    or 0.238% of the     0.001% of the total   shares or 99.999%
    votes                  of the total valid
                                                total valid shares   valid shares          of the total valid
                           shares present at
                                                present at the       present at the        shares present at
                           the Meeting.
                                                Meeting.             Meeting.              the Meeting.

    The Resolutions:       1. Approved and accepted the Company's Annual Report for the financial year 2024,
                              including the Company's Board of Commissioners and Directors Report and
                              ratified the Company's Consolidated Financial Statements for the financial year
                              ended December 31, 2023, which has been audited by Aria Kanaka & Rekan, a
                              Public Accounting Firm affiliated with ForvisMazars, as stated in its Independent
                              Auditor's Report No. 00143/2.1011/AU.1/02/1013-4/1/III/2025 dated March 27,
                              2025, with unmodified opinion.
                           2. Granted full release and discharge of responsibility (acquit et de charge) to all
                              members of the Board of Commissioners and Board of Directors for their
                              supervisory and management duties carried out during the financial year 2024, to
                              the extent that such actions were reflected in the Annual Report and Consolidated
                              Financial Statements of the Company for the financial year ended December 31,
                              2023.



    Second Agenda
    Number of              None
    question/opinion
    Voting Result                Affirmative         Abstain           Non-Affirmative         Voting Result

    The Meeting is         5,631,760,375        10,724,300 shares    17,706,183 shares     5,642,484,675
    approved by majority   shares or 99.498%    or 0.189% of the     or 0.313% of the      shares or 99.687%
    votes                  of the total valid   total valid shares   total valid shares    of the total valid
                           shares present at
                                                present at           present at            shares present at
                           the Meeting.
                                                the Meeting.         the Meeting.          the Meeting.

    The Resolutions:       Approved that the net loss attributable to the owner of the Company for the
                           financial year 2024 amounting to US$61,332,081 (sixty-one million three hundred
                           thirty-two thousand eighty-one United States Dollars), will be recorded as Retained
                           Earnings.
Page 5
Third Agenda
Number of              None
question/opinion
Voting Result             Affirmative            Abstain         Non-Affirmative        Voting Result

The Meeting is         5,597,050,376        10,724,300 shares    52,416,182 shares    5,607,774,676
approved by majority   shares or 98.885%    or 0.189% of the     or 0.926% of the     shares or 99.074%
votes                  of the total valid
                                            total valid shares   total valid shares   of the total valid
                       shares present at
                                            attended the         present at           shares present at
                       the Meeting.
                                            Meeting.             the Meeting.         the Meeting.

The Resolutions:       Approved the granting of power and authority to the Company's Board of
                       Commissioners to appoint a Public Accountant and/or Public Accounting Firm or its
                       substitute that has an international reputation, good experience and credibility,
                       registered with the Financial Services Authority, and meets other criteria as
                       previously described, to carry out an audit of the Company's Financial Statements
                       for the financial year ended on December 31, 2025, including determining the
                       amount of honorarium and other related requirements, while taking into account
                       the recommendations from the Board of Directors and the Audit Committee.


Fourth Agenda
Number of              None
question/opinion
Voting Result             Affirmative            Abstain          Non-Affirmative        Voting Result

The Meeting is         5,584,843,993        14,300,270 shares    61,046,595 shares    5,599,144,263
approved by majority   shares or 98.669%    or 0.253% of the     or 1.078% of the     shares or 98.922%
votes                  of the total valid
                                            total valid shares   total valid shares   of the total valid
                       shares present at
                                            present at           present at           shares present at
                       the Meeting.
                                            the Meeting.         the Meeting.         the Meeting.

The Resolutions:       1. Approved the amount of salary or honorarium and/or other benefits for
                          members of the Company's Board of Commissioners for the financial year 2025,
                          at a maximum of Rp10,000,000,000 (ten billion Rupiah) net after tax.
                       2. Approved the granting of authority to the Board of Commissioners to
                          determine the amount of salary and allowance for members of the Board of
                          Directors for the financial year 2025, taking into account the recommendations
                          of the Nomination and Remuneration Committee, as well as applicable laws
                          and regulations.
Page 6
Fifth Agenda
Number of              None
question/opinion
Voting Result             Affirmative            Abstain           Non-Affirmative         Voting Result

The Meeting is         5,306,257,815        28,960,070 shares     324,972,973 shares    5,335,217,885
approved by majority   shares or 93.747%    or 0.512% of the      or 5.741% of the      shares or 94.259%
votes                  of the total valid   total valid shares    total valid shares    of the total valid
                       shares present at
                                            present the           present at            shares present at
                       the Meeting.
                                            Meeting.              the Meeting.          the Meeting.

The Resolutions:       1. Approved the reaffirmation of the composition of the Company's Board of
                          Directors and Board of Commissioners since the closing of this Meeting and the
                          provisions regarding the term of office of each member of the Board of Directors
                          and Board of Commissioners as follows:
                          a. The composition of the Board of Commissioners is as follows:
                              • Hamid Awaluddin as the Company’s President Commissioner and
                                  Independent Commissioner
                              • Nurdin Zainal as the Company’s Independent Commissioner
                              • Ashish Gupta as the Company’s Commissioner
                              • Dian Sofia Andyasuri as the Company’s Commissioner
                              With the provisions of the terms of office of Mr. Hamid Awaluddin, Mr.
                              Nurdin Zainal and Mr. Ashish Gupta until the closing of the Annual GMS in
                              2028 and the term of office of Mrs. Dian Sofia Andyasuri until the closing of
                              the Annual GMS in 2030, without prejudice to the right of the General
                              Meeting of Shareholders to dismiss them at any time.

                          b. The composition of the Company's Board of Directors is as follows:
                             • Ronald Sutardja as the Company’s President Director
                             • Iwan Fuad Salim as the Company’s Director
                             • Dian Paramita as the Company’s Director
                             With the provisions of the term of office of Mr. Ronald Sutardja until the
                             closing of the Annual GMS in 2026, the term of office of Mr. Iwan Fuad Salim
                             until the closing of the Annual GMS in 2027 and the term of office of Mrs.
                             Dian Paramita until the closing of the Annual GMS in 2028, without
                             prejudice to the right of the General Meeting of Shareholders to dismiss
                             them at any time.

                       2. Granted the authority and power, with the right of substitution, to the Board of
                          Directors of the Company to take all necessary actions related to the changes in
                          the composition of the Board of Directors as mentioned above, including but
                          not limited to executing in a separate Notarial deed and notifying the changes
                          to the Ministry of Law of the Republic of Indonesia, as well as undertaking any
                          and all other actions required in accordance with applicable laws and
                          regulations.



                                          Jakarta, May 26, 2025
                                     Board of Directors of the Company

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Names mentioned 15 people and organisations named in the text · linked when the evidence is strong

linked org BUMA INTERNASIONAL GRUP TBK p.1 ×4
linked person Hamid Awaluddin p.1 ×4
linked person Nurdin Zainal p.1 ×4
linked person Ashish Gupta p.1 ×4
linked person Dian Sofia Andyasuri p.1 ×4
linked person Ronald Sutardja p.1 ×4
linked person Iwan Fuad Salim p.1 ×4
linked person Dian Paramita p.1 ×4
possible person Aria Kanaka p.4
unresolved org Financial Services Authority p.1 ×2
unresolved org Internasional Grup Tbk p.1
unresolved org PT Kustodian Sentral Efek Indonesia p.1
unresolved org Minister of Law p.2
unresolved org Aria Kanaka & Rekan p.4
unresolved org Ministry of Law p.6

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