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                                    KETERBUKAAN INFORMASI
                           SEHUBUNGAN DENGAN TRANSAKSI AFFILIASI
                                      dalam rangka memenuhi
                     Peraturan Otoritas Jasa Keuangan Nomor 42/POJK.04/2020
                   tentang Transaksi Affiliasi dan Transaksi Benturan Kepentingan
                                           (“POJK 42/2020”)

                                   DISCLOSURE OF INFORMATION
                              CONCERNING AFFILIATED TRANSACTION
                                            to comply with
                   the Financial Services Authority Regulation No. 42/POJK.04/2020
                     on Affiliated Transaction and Conflict of Interest Transaction
                                            (“POJK 42/2020”)




                                            PT INDOSPRING Tbk
                                        (“Perseroan”) / (“Company”)

                                Berkedudukan di Gresik / Domiciled in Gresik
                                       Bidang Usaha / Line of Business:
          Bergerak di bidang industri suku cadang kendaraan roda dua dan roda empat atau lebih
        Operating in the industry of spare parts for two-wheeled and four-wheeled vehicles or more.

                                         Kantor Pusat / Head Office:
                          Jl. Mayjend. Sungkono No. 10 Segoromadu, Gresik, 61123
                                     Telepon / telephone: (031) 3981135
                                       E-mail: corsec@indospring.co.id
                                  Situs web /website: www.indospring.co.id


Keterbukaan Informasi ini diterbitkan di Gresik pada           This Amended Disclosure is issued in Gresik on
tanggal 30 Juni 2026.                                          30 June 2026.
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                                                                                                                      1

                                                 DEFINISI / DEFINITIONS

Afiliasi :                                                       Affiliation :
 a. hubungan keluarga karena perkawinan sampai dengan            a. family relationship due to marriage up to the second
      derajat kedua, baik secara horizontal maupun vertikal,          degree, both horizontally and vertically, namely the
      yaitu hubungan seseorang dengan: (1) suami atau istri;          relationship of a person with: (1) husband or wife;(2)
      (2) orang tua dari suami atau istri dan suami atau istri        parents of the husband or wife and the husband or
      dari anak; (3) kakek dan nenek dari suami atau istri            wife of the children; (3) grandparents of the husband
      dan suami atau istri dari cucu; (4) saudara dari suami          or wife and the husband or wife of the grandchildren;
      atau istri beserta suami atau istrinya dari saudara yang        (4) siblings of the husband or wife along with their
      bersangkutan; atau (5) suami atau istri dan saudara             respective spouse; or (5) the husband or wife of the
      orang yang bersangkutan;                                        sibling of the person concerned.
 b. hubungan keluarga karena keturunan sampai dengan             b. family relationship due to descent up to the second
      derajat kedua, baik secara horizontal maupun vertikal,          degree, both horizontally or vertically, namely the
      yaitu hubungan seseorang dengan: (1) orang tua dan              relationship of a person with: (1) parents and children;
      anak; (2) kakek dan nenek serta cucu; atau (3) saudara          (2) grandparents and grandchildren; or (3) siblings of
      dari orang yang bersangkutan;                                   the person concerned.
 c. hubungan antara pihak dengan karyawan, direktur,             c. relationship between a party and employees, directors
      atau komisaris dan pihak tersebut;                              or commissioners of the party;
 d. hubungan antara 2 (dua) atau lebih perusahaan dimana         d. relationship between 2 (two) or more companies which
      terdapat satu atau lebih anggota direksi, pengurus,             there is 1 (one) or more members of the board of
      dewan komisaris, atau pengawas yang sama;                       directors, management, board of commissioners, or
                                                                      supervisors who are the same;
e.   hubungan antara perusahaan dan pihak, baik langsung         e. relationship between a company and a party, whether
     maupun tidak langsung, dengan cara apa pun,                      direct or indirect, by any means, controlling or
     mengendalikan atau dikendalikan oleh perusahaan atau             controlled by the company or that party in determining
     pihak tersebut dalam menentukan pengelolaan                      the management and/or policies of the company or the
     dan/atau kebijakan perusahaan atau pihak dimaksud;               concerned party;
f.   hubungan antara 2 (dua) atau lebih perusahaan yang          f. relationship between 2 (two) or more companies
     dikendalikan, baik langsung maupun tidak langsung,               controlled, whether direct or indirect, by any means,
     dengan cara apa pun, dalam menentukan pengelolaan                in determining the management and/or policies of the
     dan/atau kebijakan perusahaan oleh pihak yang sama;              company by the same party; or
     atau
g.   hubungan antara perusahaan dan pemegang saham               g.   relationship between a company and a major
     utama yaitu pihak yang secara langsung maupun tidak              shareholder, that is a party that directly or indirectly
     langsung memiliki paling kurang 20% (dua puluh                   owns at least 20% (twenty percent) of the shares with
     persen) saham yang mempunyai hak suara dari                      voting rights of the company.
     perusahaan tersebut.

Otoritas Jasa Keuangan atau OJK : Lembaga negara yang            Financial Services Authority or OJK : An independent state
independen, yang mempunyai fungsi, tugas, dan wewenang           institution, which has the functions, duties, and authorities
pengaturan, pengawasan, pemeriksaan, dan penyidikan              to regulate, supervise, examine, and investigate as referred
sebagaimana dimaksud dalam Undang-Undang No. 21 Tahun            to in Law No. 21/2011 on the Financial Services Authority,
2011 tentang Otoritas Jasa Keuangan, sebagaimana diubah          as amended by UUP2SK.
dengan UUP2SK.

Bursa Efek Indonesia : Penyelenggara di pasar modal untuk        Indonesia Stock Exchange : The regulator in the capital
transaksi bursa, yang dalam hal ini diselenggarakan oleh PT      market for stock exchange transactions, which in this case
Bursa Efek Indonesia, berkedudukan di Jakarta Selatan.           is held by PT Bursa Efek Indonesia, domiciled in South
                                                                 Jakarta.
Pemegang Saham : Pihak-pihak yang memiliki manfaat atas
saham Perseroan baik dalam bentuk warkat maupun dalam            Shareholders : Parties who have the benefit of the
penitipan kolektif yang disimpan dan diadministrasikan           Company’s shares, both in the form of scripts and in
dalam rekening efek pada Kustodian Sentral Efek Indonesia,       collective custody which is kept and administered in the
yang tercatat dalam Daftar Pemegang Saham Perseroan yang         securities account at Indonesia Central Securities
diadministrasikan oleh Biro Administrasi Efek yang ditunjuk      Depository, registered in the Shareholders Register of the
Perseroan.                                                       Company which is administered by the Securities
                                                                 Administration Bureau appointed by the Company.

Penilai Independen atau KJPP : Kantor Jasa Penilai Publik        Independent Appraiser or KJPP : Public Appraisal Services
Ruky Safrudin dan Rekan (RSR), penilai independen yang           Office of Ruky Safrudin and Rekan (RSR), independent
terdaftar di OJK yang telah ditunjuk Perseroan untuk             appraisers registered with the OJK who have been
melakukan penilaian atas nilai wajar dan/atau kewajaran          appointed by the Company to conduct an assessment of the
terhadap Transaksi.                                              fair value and/or fairness of the Transaction.

INDS : PT Indospring Tbk (Perseroan), berkedudukan di            INDS : PT Indospring Tbk (Company), domiciled in Gresik,
kabupaten Gresik Jawa Timur, suatu perseroan terbuka yang        East Java, is a publicly listed company whose shares are
sahamnya tercatat di Bursa Efek Indonesia, yang didirikan        listed on the Indonesia Stock Exchange, which is established
dan dijalankan berdasarkan hukum negara Republik                 and operating under the laws of the Republic of Indonesia.
Indonesia.
                                                                 BML : PT Bagaskoro Mega Langgeng, domiciled in East
BML : PT Bagaskoro Mega Langgeng, berkedudukan di                Jakarta, a limited liability company, which is established
Jakarta Timur, suatu perseroan terbatas yang didirikan dan       and operating under the laws of the Republic of Indonesia.
dijalankan berdasarkan hukum negara Republik Indonesia.
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                                                                       POJK 42/2020 : OJK Regulation No. 42/POJK.04/2020,
POJK 42/2020 : Peraturan OJK No. 42/POJK.04/2020,                      enacted on 1 July 2020 regarding Affiliated Transaction and
ditetapkan tanggal 1 Juli 2020 tentang Transaksi Afiliasi dan          Conflict of Interest Transaction.
Transaksi Benturan Kepentingan.
                                                                       Affiliated Transaction : Any activity and/or transaction
Transaksi Afiliasi : Setiap aktivitas dan/atau transaksi yang          conducted by a public company or a controlled company
dilakukan oleh perusahaan terbuka atau perusahaan                      with an Affiliate of the public company or an Affiliate of a
terkendali dengan Afiliasi dari perusahaan terbuka atau                member of the board of directors, member of the board of
Afiliasi dari anggota direksi, anggota dewan komisaris,                commissioners, major shareholder, or controlling party,
pemegang saham utama, atau pengendali, termasuk setiap                 including any activity and/or transaction conducted by a
aktivitas dan/atau transaksi yang dilakukan oleh perusahaan            public company or a controlled company for the interest of
terbuka atau perusahaan terkendali untuk kepentingan                   an Affiliate of the public company or an Affiliate of a
Afiliasi dari perusahaan terbuka atau Afiliasi dari anggota            member of the board of directors, member of the board of
direksi, anggota dewan komisaris, pemegang saham utama,                commissioners, major shareholder, or controlling party.
atau pengendali.
                                                                       Conflict of Interest : The difference between the economic
Benturan Kepentingan : Perbedaan antara kepentingan                    interest of a public company and the personal economic
ekonomis perusahaan terbuka dengan kepentingan ekonomis                interest of members of the board of directors, members of
pribadi anggota direksi, anggota dewan komisaris, pemegang             the board of commissioners, major shareholders, or
saham utama, atau pengendali yang dapat merugikan                      controllers that may be harmful to the public company
perusahaan terbuka dimaksud.                                           concerned.



                                                PENDAHULUAN / FOREWORD

Keterbukaan informasi kepada para pemegang saham ini                   This disclosure of information to shareholders is prepared
dibuat guna memenuhi ketentuan POJK 42/2020 yang                       to comply with the provisions of OJK Regulation (POJK) No.
mewajibkan Perusahaan Terbuka yang melakukan Transaksi                 42/2020, which requires Public Companies engaging in
Afiliasi untuk mengumumkan keterbukaan informasi atas                  Affiliated Transactions to announce an information
setiap Transaksi Afiliasi kepada masyarakat. Perseroan dan             disclosure regarding each Affiliated Transaction to the
BML merupakan pihak terafiliasi sebagaimana dimaksud                   public. The Company and BML are affiliated parties as
dalam POJK 42/2020 dan UU Pasar Modal.                                 defined under POJK No. 42/2020 and the Capital Market
                                                                       Law.

Informasi ini diterbitkan sehubungan dengan transaksi                  This information is published in connection with the
Perseroan untuk melaksanakan sewa-menyewa 45 unit                      Company's transaction to lease 45 units of electric forklifts
forklift listrik dengan nilai transaksi sebesar Rp                     owned by BML, with a transaction value of Rp 8,101,200,000
8.101.200.000 (delapan milyar seratus satu juta dua ratus              (eight billion one hundred one million two hundred
ribu rupiah) per tahun milik BML selama 5 tahun dan harga              thousand rupiah) per year for a period of 5 years. The
sewa akan naik setiap 3 tahun masa sewa sebesar 5% dan                 rental price will increase by 5% every 3 years of the lease
pembayaran sewa akan dilakukan setiap bulan.                           period, and lease payments will be made on a monthly
                                                                       basis.
Sehubungan dengan Transaksi, Perseroan telah menunjuk
Kantor Jasa Penilai Publik Ruky Safrudin dan Rekan, untuk              In relation to the Transaction, the Company has engaged
melakukan penilaian atas Transaksi dan memberikan                      the Public Valuer Firm of Ruky Safrudin dan Rekan to
pendapat atas kewajaran dari Transaksi sebagaimana diatur              perform an assessment on the Transaction and issue an
dalam POJK 42/2020.                                                    opinion on the fairness of the Transaction as stipulated
                                                                       under POJK 42/2020.


                   URAIAN MENGENAI TRANSAKSI / DESCRIPTION OF THE TRANSACTION
Tanggal transaksi/ Transaction date         :    29 Juni 2026 / 29 June 2026

Objek transaksi/      Object    of    the   :    39 unit forklift listrik, 3 unit floor sweeper, 1 unit E-palet dan 2 unit reach truck.
Transaction
                                                 sebesar Rp 8.101.200.000 per tahun selama 5 tahun dan harga sewa akan naik
Harga sewa / Rental Price                   :    setiap 3 tahun masa sewa sebesar 5% dan pembayaran sewa akan dilakukan setiap
                                                 bulan / amounting to IDR 8,101,200,000 per annum for a 5-year term, with the
                                                 lease rate increasing by 5% every 3 years, and lease payments to be made
                                                 monthly.
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Pihak Yang Melakukan Transaksi dan Hubungan Dengan                This disclosure    of    information       to   shareholders     is
Perseroan :                                                       prepared to :

Pihak Penyewa : PT Indospring Tbk (Perseroan)/ “INDS”             Lessee: PT Indospring Tbk (the “Company”)/ “INDS”

INDS, berkedudukan di Gresik, didirikan berdasarkan akta          INDS, domiciled in Gresik, was established based on Notarial
Notaris No. 10 tanggal 5 Mei 1978 dari Notaris Stefanus           deed No. 10 dated 5 May 1978 of Notary Stefanus
Sindunatha, S.H., dengan status Penanaman Modal Dalam             Sindunatha, S.H., with Domestic Investment status. The
Negeri (PMDN). Akta pendirian tersebut telah disahkan oleh        deed of establishment was approved by the Minister of
Menteri Kehakiman Republik Indonesia dengan Surat                 Justice of the Republic of Indonesia in his Decision Letter
Keputusan No. YA.5/324/1 tanggal 14 Desember 1979 dan             No. YA.5/324/1 dated 14 December 1979 and was published
telah diumumkan dalam Berita Negara Republik Indonesia            in the State Gazette of the Republic of Indonesia No. 71
No. 71 tanggal 2 September 1980, Tambahan No. 674.                dated 2 September 1980, Supplement No. 674.
Anggaran dasar Perusahaan telah mengalami beberapa kali           The Company’s articles of association have been amended
perubahan, terakhir berdasarkan akta Notaris No. 25 tanggal       several times, the latest of which was based on Notarial
21 April 2021 oleh Notaris Siti Nurul Yuliami, S.H., M.Kn         deed No. 25 dated 21 April 2021 of Notary Siti Nurul
mengenai perubahan anggaran dasar Perusahaan untuk                Yuliami, S.H., M.Kn regarding amendment of the Company’s
menyesuaikan maksud dan tujuan serta kegiatan Perusahaan          articles of association to conform the aims and objectives
sesuai dengan Klasifikasi Baku Lapangan Usaha Indonesia           and activities of the Company in accordance with the 2017
tahun 2017 dan Peraturan Otoritas Jasa Keuangan (POJK) No.        Indonesian Standards Business Classification and Otoritas
15/POJK.04/2020 mengenai rencana dan penyelenggaraan              Jasa Keuangan regulation (POJK) No. 15/POJK.04/2020
Rapat Umum Pemegang Saham Perusahaan Terbuka. Akta                regarding planning and organization of the General Meeting
tersebut telah diterima dan dicatat dalam database Sistem         of shareholders of Public Companies. The deed was received
Administrasi Badan Hukum Kementerian Hukum dan Hak                and recorded in the database of the Administration System
Asasi    Manusia     Republik    Indonesia    No.     AHU-        of the Ministry of Law and Human Rights of the Republic of
0025530.AH.01.02.Tahun 2021 tanggal 27 April 2021.                Indonesia No. AHU-0025530.AH.01.02.Tahun 2021 dated 27
                                                                  April 2021.
Berdasarkan Pasal 3 anggaran dasar Perseroan, ruang lingkup       In accordance with Article 3 of the Company’s articles of
dari aktivitas Perseroan bergerak dalam bidang industri suku      association, the Company’s scope of activities includes
cadang dan aksesoris kendaraan bermotor roda empat atau           industry of spare parts and accessories for four-wheeled or
lebih dengan produk pegas / spring dan stabilizer bar             more motor vehicle, producing springs and stabilizer bars
kendaraan bermotor, industri komponen dan perlengkapan            for motor vehicles, industry of components and equipment
sepeda motor roda dua dan tiga, industri lokomotif dan            for two and three-wheeled motorcycles, industry of
gerbong kereta dengan produk pegas ulir panas, industri           locomotive and railway carriage, producing hot coil springs,
barang logam lainnya, industri barang dari kawat.                 industry of other metal goods, and industry of wire goods.

Susunan Pemegang Saham Perseroan berdasarkan catatan              The Shareholders composition of the Company based on the
yang dibuat oleh PT Adimitra Jasa Korpora, biro administrasi      registry of PT Adimitra Jasa Korpora, securities
efek pada tanggal 31 Mei 2026 adalah sebagai berikut:             administration bureau as of 31 May 2026 is as follows:

                                                                Nilai Nominal Rp 100 per saham /
                                                               Nominal Value of IDR 100 per share
Keterangan / Description                                                                                                 %
                                                        Jumlah Saham /                    Jumlah (Rp)/
                                                       Number of Shares                    Total (IDR)

Modal dasar / Authorized capital                                 9.000.000.000                   900.000.000.000
Modal ditempatkan dan disetor penuh /
Issued and fully paid-up capital
PT. Indoprima Gemilang                                           5.782.102.070                   578.210.207.000              88,11
Wiranto Nurhadi (Direktur Utama)                                    26.833.320                      2.683.332.000              0,41
Lioe Cu Ling (Wakil Direktur Utama)                                     44.500                          4.450.000              0,00
Bob Budiono (Direktur)                                                102.020                            10.202.000              0,00
Masyarakat / Public                                                753.415.190                    75.341.519.000              11,48

                         Total                                 6.562.497.100                  656.249.710.000                100,00



Susunan Direksi dan Dewan Komisaris Perseroan                     Composition of the Board of Directors and the Board of
                                                                  Commissioners of the Company

Susunan Dewan Direksi dan Dewan Komisaris Perseroan               The composition of the Company's Board of Directors and
berdasarkan Akta no 13 tanggal 24 Juni 2026, dibuat               Commissioners based on Deed No. 13 dated 24 June 2026, made
dihadapan Notaris Siti Nurul Yuliami S.H., M.KN., Notaris di      before Notary Siti Nurul Yuliami S.H., M.KN., a Notary in
Surabaya adalah sebagai berikut:                                  Surabaya is as follows:
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                                                                                                                         4

                                         Dewan Komisaris / Board of Commissioners

Presiden Komisaris / President Commissioner                       :   Widjijono Nurhadi
Komisaris Independen / Independent Commissioner                   :   I Gusti Putu Suryawirawan

                                                 Direksi / Board of Directors

Presiden Direktur / President Director                            :   Wiranto Nurhadi
Wakil Direktur Utama / Vice President Director                    :   Lioe Cu Ling
Direktur / Director                                               :   Bob Budiono
Direktur / Director                                               :   Teddy Limyanto
Direktur / Director                                               :   Andriyas



Pihak yang Menyewakan : PT Bagaskoro Mega Langgeng /                  Lessor: PT Bagaskoro Mega Langgeng / “BML”
“BML”

BML, didirikan berdasarkan akta notaris No. 4 tanggal 1               BML, was established based on notary deed No. 4 dated
Agustus 2017 dari Sri Ratnaningsih Hardjomuljo, S.H, notaris          August 1, 2017 of Sri Ratnaningsih Hardjomuljo, S.H, notary
di Semarang. Akta pendirian tersebut telah mendapat                   in Semarang. The deed of establishment was approved by
persetujuan dari Menteri Hukum dan Hak Asasi Manusia                  the Minister of Justice of the Republic of Indonesia in his
Republik Indonesia dengan Surat Keputusannya No. AHU-                 Decision Letter No.AHU-0032953.AH.01.01 of 2017 dated
0032953.AH.01.01 Tahun 2017 tanggal 2 Agustus 2017.                   August 2, 2017. The Company's Articles of Association have
Anggaran Dasar Perusahaan telah mengalami beberapa kali               been amended several times, most recently by Notarial
perubahan, terakhir dengan Akta Notaris No. 72 tanggal 26             Deed No.72 dated March 26, 2024 of Karin Christiana
Maret 2024 dari Karin Christiana Basoeki, S.H, notaris di             Basoeki, S.H, notary in Jakarta Pusat, regarding the
Jakarta Pusat, tentang pengangkatan kembali pengurus                  reappointment of the Company’s management. These
Perusahaan. Perubahan data ini telah diterima dan dicatat di          changes have been received and recorded in the legal Entity
dalam Sistem Administrasi Badan Hukum Kementerian                     Administration System of the Ministry of Law and Human
Hukum dan Hak Asasi Manusia Republik Indonesia sesuai                 Rights of Republic of Indonesia in accordance with the
dengan surat penerimaan pemberitahuan perubahan data                  letter of receipt of notification of data changes No. AHU-
No. AHU-AH.01.09-0125348 Tahun 2024 tanggal 28 Maret                  AH.01.09- 0125348 of 2024 dated March 28, 2024.
2024.

Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan,                      In accordance with Article 3 of the Company’s Articles of
Perusahaan bergerak terutama dalam pembangkitan tenaga                Association, the Company is engaged mainly in the
listrik, perindustrian, dan perdagangan. Saat ini bidang              electricity generation, industry, and trade. Currently, the
usaha utama Perusahaan adalah perdagangan dan persewaan               Company’s main lines of business are the trading and rental
kendaraan dan alat berat.                                             of vehicles and heavy equipment.

                                                                Nilai Nominal Rp 1.000.000 per saham /
                                                               Nominal Value of IDR 1.000.000 per share
             Keterangan / Description                                                                                   %
                                                        Jumlah Saham /                       Jumlah (Rp)/
                                                       Number of Shares                       Total (IDR)

Modal dasar / Authorized capital                                           15.280                    15.280.000.000
Modal ditempatkan dan disetor penuh /
Issued and fully paid-up capital
PT. Indoprima Aneka Usaha                                                   9.468                     9.468.000.000          90,00
Kristianto Goenadi                                                          1.052                     1.052.000.000          10,00

                       Total                                              10.520                  10.520.000.000            100,00

Susunan Dewan Direksi dan Dewan Komisaris Perseroan                   The composition of the Company's Board of Directors and
berdasarkan Akta no 72 tanggal 26 Maret 2024, dibuat                  Commissioners based on Deed No. 72 dated 26 March 2024,
dihadapan Notaris Karin Christiana Basoeki, S.H, Notaris di           made before Notary Karin Christiana Basoeki, S.H, a Notary
Jakarta Pusat dan telah memperoleh surat penerimaan                   in Central Jakarta and has obtained a notification
pemberitahuan dari Menteri Hukum dan Hak Asasi Manusia                acceptance letter from the Minister of Law and Human
No. AHU-AH.01.09-0125348 tanggal 28 Maret 2024, adalah                Rights No. AHU-AH.01.09-0125348 dated 28 March 2024 is
sebagai berikut:                                                      as follows:


                                         Dewan Komisaris / Board of Commissioners

Presiden Komisaris / President Commissioner                       :   Wiranto Nurhadi
Komisaris / Commissioner                                          :   Widjijono Nurhadi

                                                 Direksi / Board of Directors

Presiden Direktur / President Director                            :   Kristianto Goenadi
Direktur / Director                                               :   Joe(Jo) Wing Wiryadi
Direktur / Director                                               :   Lioe Cu Ling
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SIFAT HUBUNGAN AFILIASI         DARI   PIHAK-PIHAK     YANG     Nature of the Related Party Relationship of the Parties
MELAKUKAN TRANSAKSI                                             to the Transaction

Dalam Transaksi, Perseroan memiliki hubungan afiliasi           In the Transaction, the Company has a related party
dengan BML yang dikarenakan terdapat anggota Direksi dan        relationship with BML due to an overlap in management,
Komisaris Perseroan juga menjabat sebagai Direksi dan           whereby members of the Company’s Board of Directors and
Komisaris di BML serta memiliki pemegang saham tidak            Board of Commissioners also serve as members of the Board
langsung yang sama yaitu PT Indoprima Investama. Hal            of Directors and Board of Commissioners of BML, and they
tersebut memenuhi kriteria suatu afiliasi sebagaimana           share the same indirect shareholder, namely PT Indoprima
dimaksud dalam Pasal 1 POJK 42/2020.                            Investama. This satisfies the criteria of a related party as
                                                                stipulated in Article 1 of OJK Regulation (POJK) No.
                                                                42/2020.



               PENJELASAN , PERTIMBANGAN, DAN ALASAN DILAKUKANNYA TRANSAKSI AFFILIASI /
              EXPLANATION, CONSIDERATIONS, AND RATIONALE FOR RELATED PARTY TRANSACTIONS

Dalam rangka pengadaan armada forklift listrik (alat angkut     In the context of procuring an electric forklift fleet (electric
listrik), INDS menerapkan strategi mitigasi risiko yang ketat   transport equipment), INDS implements a strict risk
terhadap potensi penurunan performa baterai (battery            mitigation strategy against potential battery degradation,
degradation), yang merupakan komponen paling krusial dan        which is the most crucial and high-value component of an
bernilai tinggi pada kendaraan listrik. Melalui metode sewa     electric vehicle. Through this leasing method, INDS also aims
ini, INDS juga bertujuan untuk meminimalkan waktu henti         to minimize operational downtime in the event of a
operasional (downtime) apabila terjadi kerusakan, serta         breakdown, as well as ensure cost efficiency since all
memastikan efisiensi biaya karena seluruh biaya perawatan       routine maintenance costs are entirely the responsibility of
rutin sepenuhnya menjadi tanggung jawab pihak yang              the lessor.
menyewakan.

Pemilihan BML sebagai pihak yang menyewakan didasarkan          The selection of BML as the lessor is based on strategic
pada pertimbangan strategis atas hubungan afiliasi yang         considerations regarding the established related party
terjalin. Hubungan kekerabatan/afiliasi ini memberikan          relationship. This affiliation provides distinct advantages,
keunggulan berupa jalur komunikasi yang lebih cepat,            including faster communication channels, responsive
koordinasi yang responsif, serta prioritas layanan. Dengan      coordination, and service priority. Consequently, should any
demikian, apabila terjadi kendala teknis atau kerusakan         technical issues or unit breakdowns occur, the procurement
pada unit, proses pengadaan suku cadang maupun                  of spare parts or the provision of a back-up unit can be
penyediaan unit pengganti (back-up unit) dapat dilakukan        executed immediately without complicated bureaucracy,
dengan segera tanpa birokrasi yang rumit, sehingga              thereby ensuring that the smooth flow of goods
kelancaran arus transportasi barang di area pabrik dapat        transportation within the factory area is consistently
senantiasa terjaga.                                             maintained.
Page 7
                                                                                                               6


                                         RINGKASAN LAPORAN PENILAI/
                                       SUMMARY OF APPRAISER’S REPORT

Perseroan telah menunjuk Kantor Jasa Penilai Publik         The Company has appointed the Public Appraisal
Ruky, Safrudin & Rekan (“KJPP RSR”) yang memiliki Izin    Services Firm Ruky, Safrudin & Rekan ("KJPP RSR"), which
Usaha No 2.11.0095 berdasarkan Keputusan Kementerian      holds Business License No. 2.11.0095 under the Decree of
Keuangan No 1131/KM.1/2011 tanggal 14 Oktober 2011        the Ministry of Finance No. 1131/KM.1/2011 dated 14
dan terdaftar sebagai Profesi Penunjang penilai publik    October 2011 and is registered as a Supporting Profession
dengan surat Keputusan Dewan Komisaris Otoritas Jasa      of public appraiser under the Decree of the Board of
Keuangan No. KEP-794/KS.13/2026 tanggal 10 Juni 2026,     Commissioners of the Financial Services Authority No.
sebagai penilai independen sesuai dengan Proposal No.     KEP-794/KS.13/2026 dated 10 June 2026, as the
RSR/P-B/FO/240226 tanggal 24 Februari 2026 untuk          independent appraiser in accordance with Proposal No.
menyusun pendapat kewajaran atas Transaksi. Transaksi     RSR/P-B/FO/240226 dated 24 February 2026 to prepare a
ini adalah suatu transaksi afiliasi sebagaimana diatur    fairness opinion on the Transaction. This Transaction is an
dalam POJK No. 42/2020, dan oleh karena itu diharuskan    affiliated transaction as defined under POJK No. 42/2020,
untuk mendapatkan Penilaian Kewajaran dari Penilai        and is therefore required to obtain a Fairness Opinion
Independen.                                               from an Independent Appraiser.

Berikut adalah ringkasan laporan pendapat kewajaran       The following is a summary of the fairness opinion report
atas Transaksi sebagaimana tertuang dalam laporan No.     on the Transaction as set out in report No. 00064/2.0095-
00064/2.0095-00/BS/04/0273/1/VI/2026 tanggal 26 Juni      00/BS/04/0273/1/VI/2026 dated 26 June 2026:
2026:

1) Identitas Pihak                                         1) Identity of the Parties

   Identitas Pihak yang terlibat dalam Transaksi ini           The identities of the parties involved in this
   adalah Perseroan sebagai pihak penyewa dan BML              Transaction are the Company as the lessee and BML
   adalah pihak yang menyewakan.                               as the lessor.

2) Obyek Pendapat Kewajaran                                2) Object of the Fairness Opinion

   rencana Perseroan untuk menyewa forklift listrik            The Company's plan to lease electric forklifts from
   dari BML                                                    BML.

3) Tujuan Pendapat Kewajaran                               3) Purpose of the Fairness Opinion

   Tujuan Laporan Pendapat Kewajaran ini adalah untuk          The purpose of this Fairness Opinion Report is to
   memberikan opini atas kewajaran rencana Perseroan           provide an opinion on the fairness of the Company's
   untuk menyewa forklift listrik dari BML, sebagaimana        plan to lease electric forklifts from BML, as defined
   didefinisikan dalam laporan ini dalam rangka                in this report, in order to comply with the provisions
   memenuhi ketentuan POJK 42/2020, tidak untuk                of POJK 42/2020, and not for taxation, banking, or
   perpajakan, perbankan serta tidak untuk bentuk              any other form of proposed transaction.
   rencana transaksi lainnya.

4) Asumsi dan Kondisi Pembatas                             4) Assumptions and Limiting Conditions

   Laporan Pendapat Kewajaran bersifat non-disclaimer          The Fairness Opinion Report is a non-disclaimer
   opinion, KJPP RSR telah melakukan penelaahan atas           opinion. KJPP RSR has reviewed the documents used
   dokumen-dokumen yang digunakan dalam proses                 in the process of preparing the fairness opinion, and
   penyusunan pendapat kewajaran, data dan informasi           the data and information obtained were derived
   yang diperoleh berasal baik dari manajemen                  both from the management of the Company and
   Perseroan maupun dari sumber lain yang dapat                from other sources whose accuracy can be relied
   dipercaya keakuratannya.                                    upon.

   Laporan Pendapat Kewajaran disusun dengan                   The Fairness Opinion Report has been prepared using
   menggunakan Proyeksi Keuangan yang disiapkan oleh           the Financial Projection prepared by the
   manajemen       Perseroan dengan   mencerminkan             management of the Company, reflecting the
   kewajaran proyeksi dan kemampuan pencapaiannya              reasonableness of the projection and the ability to
   (fiduciary duty).                                           achieve it (fiduciary duty).

   KJPP RSR bertanggung jawab atas pelaksanaan                 KJPP RSR is responsible for conducting the analysis
   analisis kewajaran proyeksi keuangan yang telah             of the reasonableness of the financial projection
   disiapkan   manajemen    Perseroan.    KJPP    RSR          prepared by the management of the Company. KJPP
   bertanggung jawab atas opini yang dihasilkan dalam          RSR is responsible for the opinion produced in the
   Laporan Pendapat Kewajaran.                                 Fairness Opinion Report.
Page 8
                                                                                                               7



   Laporan Pendapat Kewajaran bersifat terbuka untuk            The Fairness Opinion Report is open to the public,
   publik, kecuali terdapat informasi yang bersifat             except for confidential information that may affect
   rahasia yang dapat mempengaruhi operasional                  the operations of the Company.
   Perseroan.

   KJPP RSR telah memperoleh informasi atas status              KJPP RSR has obtained information on the legal
   hukum objek Pendapat Kewajaran dari Perseroan.               status of the object of the Fairness Opinion from the
                                                                Company.

5) Pendekatan dan Metode                                     5) Approaches and Methods

   a. Analisa transaksi: identifikasi para pihak yang            a.   Transaction analysis: identification of the
      terlibat dalam transaksi, analisa atas syarat dan               parties involved in the transaction, analysis of
      ketentuan dari perjanjian-perjanjian dan analisa                the terms and conditions of the agreements,
      atas manfaat dan risiko dari transaksi;                         and analysis of the benefits and risks of the
                                                                      transaction;

   b. Analisa kualitatif: analisa atas latar belakang dari       b.   Qualitative   analysis:    analysis  of the
      transaksi, penjelasan singkat dari Perseroan dan                background of the transaction, a brief
      kegiatan usaha, analisa industri, analisa                       description of the Company and its business
      operasional, prospek bisnis, keuntungan dan                     activities, industry analysis, operational
      kerugian dari transaksi;                                        analysis,   business    prospects,  and the
                                                                      advantages    and    disadvantages   of the
                                                                      transaction;

   c. Analisa kuantitatif: analisis kinerja historis,            c.   Quantitative analysis: analysis of historical
      analisis proyeksi keuangan, analisis proforma                   performance, analysis of the financial
      laporan keuangan dan analisis incremental;                      projection, analysis of the proforma financial
                                                                      statements, and incremental analysis;

   d. Analisa atas faktor lain yang relevan.                     d.   Analysis of other relevant factors;

   e. Analisa kewajaran harga transaksi                          e.   Analysis of the fairness of the transaction
                                                                      price.

6) Analisis Pendapat Kewajaran                               6) Analysis of the Fairness Opinion

   Manfaat yang diharapkan Perseroan melalui Rencana            The benefits expected by the Company through the
   Transaksi, diantaranya adalah: Melalui mekanisme             Proposed Transaction include, among others:
   sewa (operating lease), Perseroan terhindar dari             Through the lease mechanism (operating lease), the
   risiko battery degradation yang merupakan                    Company avoids the risk of battery degradation,
   komponen utama dengan nilai ekonomis tinggi pada             which is a key component with high economic value
   kendaraan listrik. Seluruh biaya perawatan rutin             in electric vehicles. All routine maintenance costs
   menjadi tanggung jawab pemilik aset, sehingga                are borne by the asset owner, so the Company does
   Perseroan    tidak   perlu     menanggung   biaya            not need to bear unexpected maintenance costs.
   pemeliharaan yang bersifat tidak terduga.

   Laba bersih Perseroan selama tahun 2026–2030                 The Company's net profit during 2026–2030 is
   diproyeksikan mengalami peningkatan dengan                   projected to increase with the implementation of
   dilaksanakannya Rencana Transaksi, di mana pada              the Proposed Transaction — in 2030, projected at
   tahun 2030 diproyeksikan sebesar Rp101,56 miliar             Rp101.56 billion compared to Rp101.07 billion
   dibandingkan Rp101,07 miliar tanpa Rencana                   without the Proposed Transaction — primarily
   Transaksi, yang terutama berasal dari penurunan              attributable to the decrease in general and
   beban umum dan administrasi serta beban keuangan.            administrative expenses and finance expenses.

   Total ekuitas Perseroan selama tahun 2026–2030               The Company's total equity during 2026–2030 is
   diproyeksikan mengalami peningkatan dengan                   projected to increase with the implementation of
   dilaksanakannya Rencana Transaksi, di mana pada              the Proposed Transaction — at the end of the
   akhir periode proyeksi tahun 2030 diproyeksikan              projection period in 2030, projected at Rp3,817.84
   sebesar Rp3.817,84 miliar dibandingkan Rp3.815,63            billion compared to Rp3,815.63 billion without the
   miliar tanpa Rencana Transaksi, yang berasal dari            Proposed Transaction — attributable to the increase
   peningkatan saldo laba Perseroan.                            in the Company's retained earnings.

   Dengan hasil perbandingan Harga Rencana Transaksi            Based on the comparison of the Proposed
   dengan Nilai Sewa Pasar dari Penilai Independen,             Transaction Price with the Market Rental Value from
   Harga Rencana Transaksi Perseroan berada dalam               the Independent Appraiser, the Company's Proposed
   kisaran kewajaran dari Nilai Pasar sebesar 7,5%              Transaction Price falls within the fairness range of
   sesuai POJK 35 Pasal 48, b.                                  the Market Value of 7.5% in accordance with POJK
                                                                35, Article 48 (b).
Page 9
                                                                                                                           8




  7) Kesimpulan                                                         7) Conclusion

     Dengan mempertimbangkan analisa kewajaran atas                        Taking into consideration the fairness analysis of the
     transaksi yang meliputi analisa terhadap Transaksi,                   transaction, which comprises the analysis of the
     analisa kualitatif dan analisa kuantitatif, analisis atas             Transaction, the qualitative analysis and the
     kewajaran harga transaksi serta faktor lain yang                      quantitative analysis, the analysis of the fairness of
     relevan, menurut pendapat KJPP RSR, transaksi ini                     the transaction price, and other relevant factors, in
     adalah Wajar.                                                         the opinion of KJPP RSR, this transaction is Fair.




           DAMPAK TRANSAKSI TERHADAP KEADAAN KONDISI KEUANGAN PERSEROAN / THE EFFECT OF
                        TRANSACTION ON THE COMPANY’S FINANCIAL CONDITION

Tabel dibawah ini menunjukkan ikhtisar mengenai kondisi                 The table below shows an overview of the financial
keuangan Perseroan dan entitas anak Perseroan per                       condition of the Company and its subsidiaries as of 31
tanggal 31 Desember 2025 sebelum dan sesudah                            December 2025 before and after carrying out the
melaksanakan transaksi :                                                transaction :

Laporan Laba Rugi Proforma / Pro Forma Statement of Profit or Loss
                                                                                                            dalam juta rupiah/
                                                                                                              in million rupiah
                                       Sebelum transaksi         Penyesuaian    Setelah transaksi
              Deskripsi                                                                                      Description
                                        Pre- transaction         Adjustment     Post-transaction
 Penjualan neto                                   3,303,153                               3,303,153                   Net sales
 Beban pokok penjualan                          (2,817,070)            (129)            (2,817,199)          Cost of goods sold
 Laba bruto                                         486,083            (129)                485,954                Gross profit

 Beban penjualan                                  (198,695)                               (198,695)           Selling expenses
                                                                                                                   General and
 Beban umum dan administrasi                      (158,396)              673              (157,723)
                                                                                                                administrative
 Pendapatan operasi lainnya                          45,611                                  45,611    Other operating income
                                                                                                              Other operating
 Beban operasi lainnya                             (15,455)                                (15,455)
                                                                                                                      expenses
 Laba dari Usaha                                    159,148              544                159,692    Income from Operations

 Beban keuangan                                    (14,261)              236               (14,025)          Finance expenses
 Pendapatan keuangan                                    833            (156)                    677            Finance income

 Laba sebelum pajak                                 145,720              624                146,344           Profit before tax
 Beban pajak                                       (46,310)            (137)               (46,447)               Tax expenses

 Laba neto tahun berjalan                            99,409              487                 99,896    Net income for the year

 Penghasilan komprehensif                                                                                Other comprehensive
                                                     10,580                -                 10,580
 lainnya                                                                                                               income
 Total penghasilan                                                                                       Total comprehensive
 komprehensif                                                                                                         income
   tahun berjalan                                  109,989              487                110,476               for the year
Page 10
                                                                                                                    9

Laporan Posisi Keuangan Proforma / Pro Forma Statement of Financial Position
                                                                                   dalam juta rupiah/in million rupiah
                             Sebelum transaksi     Penyesuaian         Setelah transaksi
         Deskripsi                                                                                 Description
                              Pre-transaction      Adjustment          Post-transaction
 ASET                                                                                                           ASSETS
 ASET LANCAR                                                                                         CURRENT ASSETS
 Kas dan setara kas                       55,757            (5,528)                50,230     Cash and cash equivalents
 Piutang usaha                           585,256                  -               585,256             Trade receivables
 Persediaan                            1,128,153                  -             1,128,153                   Inventories
 Aset lancar lainnya                      83,975                  -                83,975          Other current assets
 Total Aset Lancar                     1,853,142            (5,528)             1,847,614          Total Current Assets

 ASET TIDAK LANCAR                                                                                NON CURRENT ASSETS
                                                                                                    Property, plant and
                                       2,428,678           (20,979)             2,407,699
 Aset tetap                                                                                                equipments
 Properti investasi                      113,670                 -                113,670           Invesment property
 Aset tidak lancar lainnya                66,430            28,229                 94,659      Other non-current assets
 Total Aset Tidak Lancar               2,608,778             7,249              2,616,027      Total Non-Current Assets

 TOTAL ASET                           4,461,920              1,722              4,463,641                TOTAL ASSETS

                             Sebelum transaksi     Penyesuaian         Setelah transaksi
         Deskripsi                                                                                 Description
                              Pre-transaction      Adjustment          Post-transaction
 LIABILITAS DAN EKUITAS                                                                        LIABILITIES AND EQUITY
 LIABILITAS JANGKA
                                                                                                  CURRENT LIABILITIES
 PENDEK
 Pinjaman bank jangka
                                        210,705            (27,714)               182,991              Short term loans
 pendek
 Utang usaha                            329,525                    -              329,525                 Trade Payable
 Beban masih harus
                                         42,305                    -               42,305             Accrued expenses
 dibayar
 Liabilitas lancar lainnya               27,525               6,439                33,964       Other current liabilities
 Utang - bagian lancar                                                                      Borrowing - current portion
   Liabilitas sewa                        3,839                    -                3,839               Lease liabilities
   Pinjaman bank                         27,000                    -               27,000                      Bank loan
 Total Liabilitas Jangka
                                        640,899           (21,275)                            Total Current Liabilities
 Pendek                                                                          619,624

 LIABILITAS JANGKA
                                                                                             NON-CURRENT LIABILITIES
 PANJANG
 Utang bersih setelah                                                                          Borrowing net of current
 bagian lancar                                                                                                  portion
    Liabilitas sewa                       4,370                    -                4,370              Lease liabilities
    Pinjaman bank                        24,750                    -               24,750                      Bank loan
 Liabilitas pajak
                                        171,153             22,752                193,905         Defered tax liabilities
 tangguhan
                                                                                                Liabilities for employee
 Liabilitas imbalan kerja                53,386                    -               53,386
                                                                                                                 benefits
 Total Liabilitas Jangka                                                                             Total Non-Current
                                        253,659             22,752
 Panjang                                                                         276,411                       Liabilities

 Total Liabilitas                       894,558              1,477                                    Total Liabilities
                                                                                 896,035

 EKUITAS                                                                                                         EQUITY
 Modal saham                            656,250                    -              656,250                  Share capital
 Tambahan modal disetor                  24,965                    -               24,965     Additional paid-in capital
 Selisih penilaian kembali                                                                      Revaluation surplus of
 aset                                                                                                         property,
   tetap                              1,502,609                    -            1,502,609         plant and equipment
 Komponen ekuitas
                                         36,412                    -               36,412      Other equity components
 lainnya
 Saldo laba                           1,169,939                  245            1,170,184             Retained earnings
 Kepentingan non-
                                        177,187                    -              177,187       Non-controlling interest
 pengendali
                                      3,567,362                  245            3,567,607
 Total Ekuitas                                                                                              Total Equity

 TOTAL LIABILITAS                                                                            TOTAL LIABILITIES AND
                                    4,461,920               1,722              4,463,641
 DAN EKUITAS                                                                                               EQUITY
Page 11

          

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Published30 Jun 2026
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Names mentioned 42 people and organisations named in the text · linked when the evidence is strong

linked org PT Bagaskoro Mega Langgeng p.2 ×7
linked org PT. Indoprima Gemilang p.4
linked person Wiranto Nurhadi p.4 ×3
linked person Bob Budiono p.4 ×2
linked person Widjijono Nurhadi p.5 ×2
linked person I Gusti Putu Suryawirawan p.5
linked person Teddy Limyanto p.5
possible org Otoritas Jasa Keuangan p.1 ×4
possible org Bursa Efek Indonesia p.2 ×4
possible org negara Republik Indonesia p.2 ×2
possible person Lioe Cu Ling p.4 ×3
unresolved org Financial Services Authority p.1 ×4
unresolved org INDOSPRING Tbk p.1 ×10
unresolved org Indonesia Stock Exchange p.2 ×2
unresolved org Sentral Efek Indonesia p.2
unresolved org Public Appraisal Services Ruky Safrudin dan Rekan p.2
unresolved org Kantor Jasa Penilai Publik Ruky Safrudin dan Rekan p.3
unresolved org Kantor Jasa Penilai Publik Ruky Safrudin p.3
unresolved org Ruky Safrudin dan Rekan p.3
unresolved person Notary Stefanus Sindunatha p.4
unresolved person Sindunatha p.4
unresolved org Minister of Menteri Kehakiman Republik Indonesia p.4
unresolved person Yuliami p.4
unresolved org Kementerian Hukum dan Hak p.4
unresolved — AHU- p.4
unresolved org Ministry of Law and Human Rights p.4
unresolved org PT Adimitra Jasa Korpora p.4 ×2
unresolved person Notary Siti Nurul Yuliami S.H. · Notaris p.4 ×2
unresolved person Sri Ratnaningsih Hardjomuljo p.5 ×2
unresolved org Menteri Hukum dan Hak Asasi Manusia p.5 ×2
unresolved org Minister of Justice p.5
unresolved person Basoeki p.5
unresolved org Kementerian p.5
unresolved org Ministry of Law and Human Hukum dan Hak Asasi Manusia Republik Indonesia p.5
unresolved org PT. Indoprima Aneka p.5
unresolved person Notary Karin Christiana Basoeki · Notaris p.5 ×3
unresolved org Minister of Law and Human No. AHU-AH. p.5
unresolved org PT Indoprima Investama. Hal p.6
unresolved org PT Indoprima p.6
unresolved org Safrudin & Rekan p.7 ×2
unresolved org KJPP RSR p.7 ×10
unresolved org Ministry of Finance p.7

Extraction attempts how the parser did, and what it refused

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Rule parser Needs review confidence 0.273 5049 ms 12 Sep 2026 21:59
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 'kind': 'CONFLICT',
 'kjpp_name': '',
 'letter_number': '',
 'object_text': '',
 'object_truncated': False,
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 'pct_of_equity': None,
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 'requires_rups': None,
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 'ticker': '',
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 'valuation_date': None,
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