July, 13 2022


Jl. Raya Krikilan No. 434 Km28 Driyorejo, Gresik



Annual General Meeting of Shareholders (GMS) of PT. Betonjaya Manunggal Tbk. (Perseroan) was held on Tuesday 12th July 2022 at the meeting hall of PT. Gunawan Dianjaya Steel Tbk. (an affiliated company) Jl. Margomulyo No. 29A, Surabaya from 11:20 am until 12:02 pm Western Indonesian Time with meeting agenda as according to Invitation to GMS dated 17th June 2022. It was attended by 1 (one) member of the Board of Directors and 2-two/ all members of the Board of Commissioners of the Company and holders of 644.096.700 shares with legitimate voting rights or 89,45% of all shares of the Company that is 720.000.000 shares.

Leader of the meeting gave opportunities to attendants of meeting to inquire and provide responses as to whether they agree/disagree before decision on every agenda item discussed in the GMS.

Mechanisms for decision-making in the GMS are:
-    Deliberation and consensus for shareholders who are physically present in the GMS, and/or;
-    Via the system provided by the e-RUPS provider (KSEI).

All attendants of the Annual General Meeting has agreed on the following matters:

  1. AGMS has decided unanimously to approve and ratify the Company’s Financial Reports for the year ended 31st December 2021 that have been audited by Public Accountant Firm of Hadori Sugiarto Adi & Rekan whom on which expresses an unqualified opinion.
    Due to the approval above, the The GMS also has granted full release and discharge of responsibility to the members of Board of Directors and Board of Commissioners over their management and supervisory functions which have been conducted during year 2021, as long as the management and supervisory actions conducted are reflected in the Company’s Annual reports and its Financial Reports.
  2. GMS has decided unanimously to grant authority to the Company’s Commissioners to decide on and assign a Public Accountant which will conduct audit over the Company’s Financial Report for the 2022 while considering the following factors:
    a. Granting sufficient time for the Board of Commissioners to choose and to decide the Public Accountant who will check Financial Report of the Company for the year 2022.
    b. The criteria for the Public Accountant who will be appointed by the Board of Commissioners is one who is registered in the Financial Service Authority (OJK).
  3. GMS has decided unanimously and by acclamation decides to give approval on the amount of grant salary/honorarium for the Company’s Board of Commissioners  for the year 2022 at maximum of 20% of the Board of Directors’ salary and allowance and to grant authority to the Board of Commissioners to decide on the amount of salary and allowance of the Company’s Board of Directors.
  4. GMS unanimously decides to approve changes in Article 3 of Articles of Association of the Company into the following:
    1. The purpose of the Company is to conduct a business in the field of Steel Rolling Industry (KBLI Code 24102).
    2. To achieve its purpose, the Company is engaged in the followign activities:

1. Main Business Activity:
a.    To conduct a business in Steel Rolling Industry.
b.    To diversify its product in the boundary of Steel Rolling Industry.
c.    To conduct business in large scale trading not limited to and also including trading of the industry’s output, marketing and selling additional outputs from production output domestically as well as abroad to foreign countries.

2. Supporting Business Activity:
a.    To import/purchase raw materials, additional materials, machineries, equipments, spareparts and other tools.
b.    To purchase and/or rent land and/or warehouse which will be used as storage for goods of the Company and other activities to support its main activity.
c.    To conduct transporation and other activities related to its purpose as well as other activities necessary to support the Company’s main business activity.

3. To  give authority to the Company’s Directors to make changes in the Company’s Article of Association above and declare the decision on a separate act in the presence of  a notary, to report and/or to announce as well as to register the result of this meeting to the Department of Law and Human Rights of Republic of Indonesia and related  parties and to make any necessary actions as according to prevailing regulations and laws in order to carry on the decisions made in the meeting as they should be.

Details on voting results on each agenda is as stated below:

Agenda Item Total Shares present Agree Minimum quorum share present Disagree Abstain
1st Agenda 644.096.700 100% setuju 360.000.001 0 0
1nd Agenda 644.096.700 100% setuju 360.000.001 0 0
1rt Agenda 644.096.700 100% setuju 360.000.001 0 0
1th Agenda 644.096.700 100% setuju 360.000.001 0 0

Gresik, 14th July 2021

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