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20240322_ESSA_Ringkasan Risalah//Risalah RUPS_31608687_lamp4.pdf

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                  SUMMARY OF MINUTES OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                PT ESSA INDUSTRIES INDONESIA TBK.
                                         ("Company")

The Board of Directors of PT ESSA Industries Indonesia Tbk. (hereinafter referred to as the "Company"),
domiciled in South Jakarta hereby announces that the Company has held an Annual General Meeting of
Shareholders ("AGMS") (or also referred to as the "Meeting") on:

Day/Date             :   Wednesday / 20 March 2024
Time                 :   3.12 – 4.22 pm (Jakarta Time)
Place                :   Raffles Hotel, The Dining Room, 12th Floor, Ciputra World,
                         Jl. Prof. DR. Satrio, Kuningan, South Jakarta.

The summary of the Meeting Minutes is as follows:

A. Members of the Board of Commissioners & Board of Directors of the Company who were
   present in the Meeting:

            Board of Commissioners                                  Directors
    Hamid Awaluddin                                 Kanishk Laroya
    Rahul Puri                                      Mukesh Agrawal
    Prof. Ida Bagus Rahmadi Supancana               Prakash Chand Bumb
                                                    Isenta

   The Meeting was chaired by Mr. Hamid Awaluddin as President Commissioner (Independent) of the
   Company in accordance with the Company's Articles of Association and the Decree of Appointment of
   the Chairman of the Meeting by the Board of Commissioners of the Company.

B. Capital Market Supporting Professions present at the Meeting
   1. Mr. Jimmy Tanal, S.H., M.Kn as Public Notary.
   2. Mrs. E. Agung Setiawati, PT. Datindo Entrycom as the Securities Administration Bureau.
   3. Bapak Tagor Sidik Sigiro, CPA, KAP Gani Sigiro & Handayani.

C. Power of Attorney Mechanism for Shareholders
   The Company has provided an alternative electronic proxy for shareholders to attend and vote in the
   Meeting through the eASY.KSEI application.

D. Quorum of Shareholders' Attendance
   The Meeting is attended by the Company's shareholders or shareholders' proxies as many as:

              Agenda                       Attendance Quorum                      Percentage
              Agenda 1                        13,220,058,323                        76.74 %
              Agenda 2                        13,220,058,323                        76.74 %
              Agenda 3                        13,220,058,323                        76.74 %
              Agenda 4                        13,220,058,323                        76.74 %

   The shares have been validated by an independent party (Securities Administration Bureau). Thus, the
   quorum requirements required in the Company's Articles of Association and POJK have been met.

                                                                AGMS’ Minutes of PT ESSA Industries Indonesia Tbk.
                                                                                                   20 March 2024
                                                                                                    Page 1 from 3
Page 2
E. Agenda / Meeting Event Points
 1. Approval and ratification of the Company's Annual Report and Financial Statements for Financial
    Year 2023; including the Board of Directors Report and the Board of Commissioners' Supervisory
    Report for the Financial Year ended 31 December 2023;
 2. Appointment of a Public Accountant and/or Independent Public Accountant Firm that will audit
    the Company's financial statements for Fiscal Year 2024 and authorize the Board of
    Commissioners of the Company to determine the honorarium and appointment requirements for
    the Independent Public Accountant;
 3. Granting authority and power to the Board of Commissioners to determine salaries and/or
    honorariums and/or other benefits for members of the Board of Commissioners and members of
    the Board of Directors of the Company for Fiscal Year 2024; and
 4. Approval of the Use of the Company's Net Profit Balance for the Financial Year ended 31
    December 2023.

F.   Q&A Opportunities for Shareholders
     Prior to decision making, the Chairman of the Meeting provides an opportunity for shareholders
     or shareholders' proxies present to ask questions and/or provide opinions in each Meeting
     Agenda.

G. Decision-Making Mechanism
   All decisions of the Meeting are taken based on deliberation for consensus. In the event that a
   decision based on deliberation for consensus is not reached, the decision shall be taken based on
   a majority vote of the number of votes validly issued in the Meeting. The decision is taken through
   the calculation of votes submitted by shareholders through eASY.KSEI and votes given through
   the granting of power of attorney to an proxy appointed by the Company's Securities
   Administration Bureau, namely PT Datindo Entrycom and by counting votes from shareholders
   present at the Meeting.

H. Quorum of Close Results
   For the entire Agenda of the Meeting, the quorum requirement required in Article 11 paragraph
   (2) a of the Company's Articles of Association applies, namely that the Meeting can be held if
   attended by shareholders or their proxies representing more than 1/2 (one-half) part of the total
   number of shares with valid voting rights that have been issued by the Company.

I.   Voting Results for each Meeting Agenda

          Agenda                    Accept                    Reject                     Abstain
          Agenda 1              13,196,272,919                  0                       23,785,404
          Agenda 2              12,977,282,680             224,527,239                  18,248,404
          Agenda 3              13,148,351,720              53,458,199                  18,248,404
          Agenda 4              13,201,809,919                  0                       18,248,404

J. The resolutions on the Agenda of the Meeting have been approved in essence as follows:
    First Agenda of the Meeting:
   1. Approve and ratify the Company's Annual Report including the Board of Directors' Report and
       the Board of Commissioners' Supervisory Report for the period ended 31 December 2023;
   2. Ratifying the Company's Financial Statements for the Financial Year ended 31 December 2023
       which have been audited by Public Accounting Firm Gani Sigiro & Handayani;
   3. Provide release and release to members of the Board of Directors from responsibility for the
       management actions of the Company and to members of the Board of Commissioners for the
       Company's supervisory actions, as long as all such actions are contained in the Company's

                                                              AGMS’ Minutes of PT ESSA Industries Indonesia Tbk.
                                                                                                 20 March 2024
                                                                                                  Page 2 from 3
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     Financial Statements for the Financial Year ended 31 December 2023 (acquit et de charge) and
     do not conflict with applicable laws and regulations and are not criminal acts.

   Second Agenda of the Meeting:
  1. Approved the appointment of Public Accountant and Public Accounting Firm Gani Sigiro &;
     Handayani – a member firm of Grant Thornton International Limited to audit the Company's
     Consolidated Financial Statements for the Financial Year ended 31 December 2024.
  2. Authorize the Board of Commissioners to determine reasonable appointment requirements and
     appoint a substitute Public Accounting Firm if the Public Accounting Firm appointed under the
     Capital Market rules and regulations is unable to carry out its duties.

   Third Agenda of the Meeting:
   Grant authority and power to the Board of Commissioners to determine salaries and/or
   honorariums and/or other benefits for members of the Board of Commissioners and members of
   the Board of Directors of the Company for Fiscal Year 2024.

   Fourth Agenda of the Meeting:
   Approve the use of the Company's retained earnings ended 31 December 2023 with the following
   details:
  1. The Company booked Net Profit attributable to the parent owner of USD 34,614,652 for Fiscal
     Year 2023.
  2. The Company proposes to distribute dividends from the Company's retained earnings for
     Financial Year 2023.
  3. The proposed dividend is Rp. 5/share to be distributed so that the amount of dividend is
     IDR 86,134,878,500 (approximately USD 5,496,100).
  4. Allocation of Reserve Profit of USD 207,127 and the remaining USD 28,911,425 as Retained
     Earnings.

The meeting closes at 4.22 pm.


                                         Jakarta, 22 March 2024
                                    PT ESSA Industries Indonesia Tbk.
                                                Directors




                                                           AGMS’ Minutes of PT ESSA Industries Indonesia Tbk.
                                                                                              20 March 2024
                                                                                               Page 3 from 3

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Names mentioned 12 people and organisations named in the text · linked when the evidence is strong

linked org ESSA INDUSTRIES INDONESIA TBK. p.1 ×12
linked person Kanishk Laroya p.1
linked person Hamid Awaluddin · President Commissioner p.1 ×2
possible person Prof. DR. Satrio p.1
unresolved org Industries Indonesia Tbk. p.1 ×5
unresolved person Prof. Ida Bagus Rahmadi Supancana p.1
unresolved person Jimmy Tanal p.1
unresolved person E. Agung Setiawati p.1
unresolved org PT. Datindo Entrycom p.1 ×2
unresolved person Tagor Sidik Sigiro p.1
unresolved org Gani Sigiro p.1
unresolved org Grant Thornton International Limited p.3

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