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Page 1
                        ANNOUNCEMENT OF SUMMARY OF THE MINUTES OF
                      ANNUAL GENERAL MEETING OF SHAREHOLDERS 2025 AND
                       EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
                                   PT ACSET INDONUSA Tbk

PT Acset Indonusa Tbk, a limited liability company that has listed all of its shares on the Indonesia
Stock Exchange, domiciled in Central Jakarta (hereinafter referred to as the "Company") hereby
announces to all Shareholders of the Company, that on May 2, 2025, the Company has held its 2025
Annual General Meeting of Shareholders ("AGMS") and the Extraordinary General Meeting of
Shareholders ("EGMS") (AGMS and EGMS both referred to as "Meeting").

As stipulated in Article 49 of the Financial Services Authority Regulation No. 15/POJK.04/2020
concerning the Plan and Implementation of the General Meeting of Shareholders of Public Companies
("OJK Regulation No. 15"), the Company is required to make a summary of the minutes of the
Meeting, in accordance with the minutes of the Meeting set out in the Deed of Minutes of the AGMS
dated May 2, 2025 Number 2 and the Deed of Minutes of the EGMS dated May 2, 2025 Number 3,
both made by Aulia Taufani, S.H, Notary in Jakarta, as follows:

(A). Location, place and date :

     Day/Date        :    Friday, May 2, 2025

     Time            :    AGMS     : 14.12 WIB – 15.06 West Indonesia Time ("WIT")

                          EGMS     : 15.10 WIB –15.33 WIT

     Place           :    Grand Ballroom United Tractors, Jalan Raya Bekasi Km 22 Cakung,

                          East Jakarta, 13910

     Agenda of the AGMS        :

      1.     Approval of the Annual Report 2024, including the Ratification of the Board of
             Commissioners’ Supervisory Report as well as the Ratification of the Company’s
             Consolidated Financial Statements for the Financial Year 2024;
      2.     Determination of the Company's Net Profit Utilization for the Financial Year 2024;
      3.     Appointment of the Board of Directors and the Board of Commissioners of the Company
             for the 2025–2027 Terms of Office;
      4.     Determination of Remuneration and Allowances of the Board of Directors of the Company
             and Remuneration or Honorarium and Allowances of the Board of Commissioners of the
             Company for the period of 2025-2026; and
      5.     Appointment of a Public Accountant Firm to Conduct the Audit of the Company’s Financial
             Statements for the Financial Year 2025.

     Agenda of EGMS:

       1. Approval of Capital Increase Without Granting Pre-emptive Rights;
       2. Approval of the Amendment to the Company's Articles of Association Article 4 paragraph
          (1) concerning the Company's Authorized Capital and Article 4 paragraph (2) concerning
          the Company's Issued and Paid-Up Capital.
Page 2
(B). Members of the Board of Directors and Board of Commissioners of the Company who presented
     in the Meeting:

    President Director           : IDOT SUPRIADI;

    Director                     : DAVID WIDJAJA;

    Director                     : TJATUR HARIPRIAMBODO;

    Director                     : SOEHARSONO TJATUR NUGROHO;



    President Commissioner       : FRANCISCUS XAVERIUS LAKSANA KESUMA (FRANS KESUMA);

    Commissioner                 : IWAN HADIANTORO;

    Commissioner                 : VILIHATI SURYA;

    Independent Commissioner: WILTARSA HALIM;

    Independent Commissioner: BUNTORO MULJONO *).

    *) Present online via teleconference media



(C). Number of shares with valid voting rights present:

    a.   At the time of the AGMS, 11,116,826,736 shares or equivalent to 87.705613% of the total
         number of shares with valid voting rights issued by the Company; and

    b.   At the time of the EGMS, there were 11,187,164,336 shares or equivalent to 88.2605374%
         of the total number of shares with valid voting rights issued by the Company.



(D). In the Meeting, the Shareholders and/or their proxies are given the opportunity to ask questions
     and/or give opinions related to each agenda of the Meeting with the following details:

     AGMS:

    Agenda I             : there is 1 (one) shareholder who is physically present to ask questions.

    Agenda II            : no questions.

    Agenda III           : no questions.

    Agenda IV            : there was 1 (one) shareholder who was physically present to ask
                            questions.
    Agenda V             : no questions.
Page 3
    EGMS:

    Agenda I             : there is 1 (one) shareholder who is physically present to ask questions.

     Agenda II           : no questions.

(E). The decision-making mechanism in the Meeting is as follows:

     1. The decision of the Meeting is made by voting, not by deliberation for consensus, because
        there are several Shareholders who authorize the proxy to: (a) attend the Meeting and cast
        a blank vote (abstain); and (b) attend the Meeting and vote in dissent;

     2. The vote is carried out orally by raising the hand by the Shareholder or his proxy who
        disagrees then continued with the Shareholder or his proxy who votes blank (abstain);

     3. Based on the provisions of the Company's Articles of Association and Article 47 of OJK
        Regulation No. 15, the legal voting rights of those who attend the Meeting and cast a blank
        vote (abstain), are considered to cast the same vote as the majority of the Shareholders who
        cast the vote;

     4. Based on the Financial Services Authority Regulation Number 16/POJK.04/2020 dated April
        20, 2020 concerning the Implementation of the Electronic General Meeting of Shareholders
        of Public Companies ("OJK Regulation No. 16"), this meeting was held physically and
        electronically using the electronic general meeting of shareholders facilities provided by PT
        Kustodian Sentral Efek Indonesia, namely eASY.KSEI.

(F). Results of the decision-making of the meeting conducted by voting and the Results of the Meeting
     are as follows:

AGMS

     AGENDA I:

                                                                                           Totally Agree
                 Agree                     Abstained              Disagree               (Majority vote +
                                                                                           abstained)

       11,116,241,676 shares or      100     shares or      584,960 shares or       11,116,241,776 votes or
       99.994737% of the total       0.000001% of the       0.005262% of the        99.994738% of all voting
       number of legal shares        total number of        total number of         shares present at the
       present at the Meeting        valid shares present   eligible    shares      Meeting.
                                     at the Meeting         present  at    the
                                                            Meeting

     Agenda I Results:
     1.   To approve and accept the Company's Annual Report for the Financial Year 2024, including
          ratifying the Supervisory Task Report of the Board of Commissioners of the Company, and
          to ratify the Consolidated Financial Statements of the Company and its Subsidiaries for the
          Financial Year 2024 which have been audited by the Public Accounting Firm of Rintis,
          Jumadi, Rianto & Rekan, as contained in its report dated March 24, 2025 with the opinion
          "Reasonable in All Material Matters"; and
Page 4
2.   With the approval of the Company's Annual Report and the ratification of the Supervisory
     Task Report of the Board of Commissioners and the Consolidated Financial Statements of
     the Company and its Subsidiaries, it provides full repayment and release of liability (Acquit
     and discharge) to all members of the Company's Board of Directors for the management
     actions they have taken and to all members of the Company's Board of Commissioners for
     the supervisory actions they have taken during the Financial Year 2024, as long as these
     actions are reflected in the Annual Report and Consolidated Financial Statements of the
     Company and its Subsidiaries for the Financial Year 2024.

AGENDA II:

                                                                                    Totally Agree
             Agree                  Abstained               Disagree               (Majority vote +
                                                                                     abstained)



 11,116,721,836 shares or      100     shares or      104,800 shares or       11,116,721,936 votes or
 99.999056% of the total       0.000001% of the       0.000943% of the        99.999057% of all shares
 number of authorized          total number of        total legal shares      with voting rights present
 shares present at the         valid shares present   present    at  the      at the Meeting.
 Meeting                       at the Meeting         Meeting



Agenda II Results:
Approved no dividend distribution for the financial year ending December 31, 2024.

AGENDA III:

                                                                                    Totally Agree
             Agree                  Abstained               Disagree               (Majority vote +
                                                                                     abstained)



 11,116,749,836 shares or      100     shares or      76,800 shares or        11,116,749,936 votes or
 99.999308% of the total       0.000001% of the       0.000691% of the        99.999309% of all voting
 number of valid shares        total number of        total number of valid   shares present at the
 present at the Meeting        valid shares present   shares present at the   Meeting.
                               at the Meeting         Meeting



Agenda III Results:
1. Appoint members of the Board of Directors and Board of Commissioners for the term of
   office 2025-2027 as follows:
        a. Mr. Putut Eko Bayuseno as Commissioner of the Company;

        b. Mrs. Lindawati Gani as Independent Commissioner; and
Page 5
        c. Mr. Hasnanto Wahyudi as Director of the Company.

2. Reappoint members of the Company's Board of Directors and Board of Commissioners for
   the 2025-2027 term, as follows:
       a. Mr. Idot Supriadi as President Director of the Company;

        b. Mr. David Widjaja as Director of the Company;

        c. Mr. Soeharsono Tjatur Nugroho as Director of the Company;

        d. Mr. Tjatur Haripriambodo as Director of the Company;

        e. Mr. Frans Kesuma as President Commissioner of the Company;

        f.   Mr. Iwan Hadiantoro as Commissioner of the Company;

        g. Mrs. Vilihati Surya as Commissioner of the Company; and

        h. Mr. Buntoro Muljono as an Independent Commissioner of the Company.

    Thus, henceforth, the composition of the members of the Board of Directors and the Board
    of Commissioners of the Company will be as follows:

    Board of Directors:
    President Director                     : Idot Supriadi
    Director                               : David Widjaja
    Director                               : Soeharsono Tjatur Nugroho
    Director                               : Tjatur Haripriambodo
    Director                               : Hasnanto Wahyudi
    Board of Commissioners:
    President Commissioner                 : Frans Kesuma
    Commissioner                           : Iwan Hadiantoro
    Commissioner                           : Vilihati Surya
    Commissioner                           : Putut Eko Bayuseno
    Independent Commissioner               : Buntoro Muljono
    Independent Commissioner               : Lindawati Gani

    For the term of office from the closing of the Extraordinary General Meeting of Shareholders
    which will be held after the closing of this Meeting until the Annual General Meeting of
    Shareholders of the Company which will be held in 2027.

3. To grant power of attorney with the right of substitution to the Board of Directors of the
   Company, to: (i) declare all or part of the decision of the Meeting in connection with this
   agenda item in a notary deed and notify the Minister of Law and Human Rights of the
   Republic of Indonesia; (ii) sign any letters, deeds, or other documents; (iii) appear before a
   Notary and/or an authorized officer; and (iv) take all actions deemed necessary to achieve
   the above objectives in accordance with the provisions of the applicable laws.
Page 6
AGENDA IV:

                                                                                    Totally Agree
           Agree                   Abstained               Disagree               (Majority vote +
                                                                                    abstained)

 11,116,269,676 shares or      100     shares or      556,960 shares or      11,116,269,776 votes or
 99.994989% of the total       0.000001% of the       0.005010% of the       99.994990% of all shares
 number of valid shares        total number of        total number of        with voting rights present at
 present at the Meeting        valid shares present   eligible   shares      the Meeting.
                               at the Meeting         present at the
                                                      Meeting



Agenda IV Results:
1. To give power and authority to the Board of Commissioners of the Company to determine
   the salaries and allowances of members of the Company's Board of Directors for the term of
   office 2025-2026, taking into account the recommendations of the Company's Nomination
   and Remuneration Committee;

2. Determined the salary or honorarium and benefits to the members of the Board of
   Commissioners of the Company for the term of office 2025-2026, in all with a maximum
   amount of Rp2,037,750,000,- per year, which will be effective from the close of this Annual
   General Meeting of Shareholders until the close of the 2026 Annual General Meeting of
   Shareholders, and give power and authority to the President Commissioner of the Company
   to determine the distribution of the amount of salary or honorarium and allowances among
   the members The Board of Commissioners of the Company, taking into account the
   recommendations of the Company's Nomination and Remuneration Committee.

AGENDA V:

                                                                                    Totally Agree
           Agree                   Abstained               Disagree               (Majority vote +
                                                                                    abstained)



 11,116,749,836                100     shares or      76,800 shares or       11,116,749,936 votes or
 represents 99.999308% of      0.000001% of the       0.000691% of the       99.999309% of all voting
 the total number of all       total number of        total number of        shares present at the
 legal shares present at the   valid shares present   valid shares present   Meeting.
 Meeting                       at the Meeting         at the Meeting



Agenda V Results:
1.   Appointing Pioneer Public Accounting Firm, Jumadi, Rianto & Rekan, which is a public
     accounting firm registered with the Financial Services Authority to conduct an audit of the
Page 7
          Consolidated Financial Statements of the Company and its Subsidiaries for the financial
          year 2025; and
   2.     To give authority and power of attorney to the Board of Directors of the Company to
          determine the amount of honorarium and other requirements in connection with the
          appointment of such public accounting firm in accordance with applicable regulations.

EGMS

   AGENDA I:

                                                                                          Totally Agree
                 Agree                   Abstained                Disagree              (Majority vote +
                                                                                          abstained)



       11,187,059,436 shares or      100     shares or      104,800 shares or       11,187,059,536 votes or
       99.9990623% of the total      0.00000009%       of   0.0009368% of the       99.9990632% of all voting
       all legal shares present at   the total number of    total number of valid   shares present at the
       the Meeting                   valid shares present   shares present at the   Meeting
                                     at the Meeting         Meeting

   Agenda I Results:
   1.     Approve the Company's plan to carry out a Capital Increase Without Pre-emptive Rights of
          a maximum of 5,000,000,000 (five billion) shares; and
   2.     Authorizing the Board of Directors of the Company with the right of substitution to carry
          out all necessary actions in connection with the Capital Increase Without Granting Pre-
          emptive Rights to the Company's Shareholders, in accordance with the applicable laws and
          regulations in the capital market.

   AGENDA II:

                                                                                          Totally Agree
                 Agree                   Abstained                Disagree              (Majority vote +
                                                                                          abstained)



       11,187,087,436 shares or      100     shares or      76,800 shares or        11,187,087,536 votes or
       99.9993126% of the total      0.00000009%       of   0.0006865% of the       99.9993135% of all voting
       all valid shares present at   the total number of    total number of legal   shares present at the
       the Meeting                   valid shares present   shares present at the   Meeting.
                                     at the Meeting         Meeting



   Agenda II Results:
   1. Approve the Amendment of Article 4 paragraph (1) of the Company's Articles of Association
      regarding the Company's Authorized Capital and Article 4 paragraph (2) of the Company's
      Articles of Association regarding the Company's Issued and Paid-Up Capital in accordance
Page 8
         with the results of the implementation of the Capital Increase Without Granting Pre-emptive
         Rights;

     2. Agreeing to authorize the Board of Commissioners to implement the increase in the
        Authorized Capital and amendments to Article 4 paragraph (1) and Article 4 paragraph (2) of
        the Company's Articles of Association as a result of the implementation of the Capital
        Increase Without Granting Pre-emptive Rights; and

     3. Agrees to authorize the Board of Directors of the Company with the right of substitution, to:
        (1) declare the Resolution of the Meeting in connection with the agenda of this Meeting in
        the Notary deed and request approval of amendments to the Company's Articles of
        Association to the Minister of Law of the Republic of Indonesia; (2) sign letters, deeds or
        other documents; (3) appear before the Notary and/or an authorized official; and (4) take all
        actions deemed necessary to achieve the above-mentioned purpose.



                                           Jakarta, 6 May 2025
                                        PT ACSET INDONUSA Tbk
                                           Board of Directors




 Notes: This Announcement is made in Indonesian and English languages. The Indonesian version shall
prevail in the case of any inconsistencies or differencies of interpretation with the English language text
                                          of this Announcement
Page 9
                                 ANNOUNCEMENT
              RATIFICATION BY THE GENERAL MEETING OF SHAREHOLDERS
  ON THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2024
                              PT ACSET INDONUSA Tbk


In order to comply with the provisions of article 68 paragraph (4) of Law No. 40 of 2007 concerning
Limited Liability Company, the Board of Directors of PT Acset Indonusa Tbk (the "Company"), hereby
announces that the Consolidated Financial Statements of the Company and its Subsidiaries for the
financial year 2024 which have been audited by the Public Accounting Firm Rintis, Jumadi, Rianto &
Rekan, have been ratified by the Company's Annual General Meeting of Shareholders on Friday, May
2, 2025.



                                          Jakarta, 6 May 2025
                                         PT Acset Indonusa Tbk
                                           Board of Directors

Notes: This Announcement is made in Indonesian and English languages. The Indonesian version shall
 prevail in the case of any inconsistencies or differencies of interpretation with the English language
                                      text of this Announcement.

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Published6 May 2025
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Names mentioned 22 people and organisations named in the text · linked when the evidence is strong

linked org ACSET INDONUSA Tbk p.1 ×17
linked org United Tractors p.1
linked person IDOT SUPRIADI · President Director p.2 ×3
linked person DAVID WIDJAJA · Director p.2 ×3
linked person TJATUR HARIPRIAMBODO · Director p.2 ×3
linked person FRANS KESUMA · President Commissioner p.2 ×3
linked person IWAN HADIANTORO · Commissioner p.2 ×3
linked person VILIHATI SURYA · Commissioner p.2 ×3
linked person BUNTORO MULJONO · Commissioner p.2 ×3
linked person Putut Eko Bayuseno · Commissioner p.4 ×2
linked person Lindawati Gani · Independent Commissioner p.4 ×2
linked person Hasnanto Wahyudi · Director p.5 ×2
possible person FRANCISCUS XAVERIUS p.2
unresolved org Indonesia Stock Exchange p.1
unresolved org Financial Services Authority p.1 ×3
unresolved person Aulia Taufani · Notaris p.1
unresolved person WILTARSA HALIM · Commissioner p.2
unresolved org PT Kustodian Sentral Efek Indonesia p.3
unresolved org Rianto & Rekan p.3 ×3
unresolved person Soeharsono Tjatur Nugroho · Director p.5 ×4
unresolved org Minister of Law and Human Rights p.5
unresolved org Minister of Law p.8

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