July, 30 2021



Jl. Margomulyo No. 29A, Surabaya




Annual General Meeting (AGM) of Shareholders was held on Thursday, 29th July 2021 at the meeting hall of PT. Gunawan Dianjaya Steel Tbk. (Company) Jl. Margomulyo No. 29A, Surabaya, from 09:26 am until 10:08 am Western Indonesian Time with meeting agenda as according to the Invitation to AGM dated 6th July 2021. AGM was attended by 4 (four) members of the Board of Directors and 1 (one) member of the Board of Commissioners of the Company and holders of shares with legitimate voting rights or 88,88% of all the Company’s shares which is 9.242.500.000 shares.

Leader of the meeting gave opportunities to attendants of meeting to inquire and provide responses as to whether they agree or disagree before decision on every agenda item discussed in the AGM is made and there was no attendant of the meeting who made Inquiry took an absence and disagreed on each item.

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

AGM has decided to consent the AGM agenda as follows:
  1. AGM has decided unanimously to to approve and ratify the Company’s Financial Reports for the year ended 31st December 2020 that have been audited by Public Accountant Firm of Hadori Sugiarto Adi & Rekan whom on which expresses an unqualified opinion.
    Due to the decision above, The AGM also has granted full release and discharge of responsibility to the members of the Company Board of Directors and the Board of Commissioners over their management and supervisory functions which have been conducted during year 2020 as long as the management and supervisory actions conducted are reflected in the Company’s Annual Report and its Financial Reports.
  2. AGM has by acclamation decided 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 year 2021 while considering the following factors:
    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 2021.
    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. AGM has decided unanimously to grant approval on the amount of salary/honorarium for the Board of Commissioners during 2021 as much as 15% from the salary and allowance of Directors and to grant authority to the Board of Commissioners to decide the amount of salary and allowance of the Directors of the Company.
  4. AGM has decided unanimously to give Approval to Changes in the Company’s Articles of Association so as to adjust it according to FSA Regulation No. 15/POJK.04/2020 regarding Planning and Management of a Public Company’s AGM.
    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.

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

Agenda Item Total Shares present Agree Minimum shares quorum Disagree Abstain
1st Agenda 100% agree 4.621.250.001 0 0
2nd Agenda 8.217.812.722 100% agree 4.621.250.001 0 0
3rd Agenda 8.217.812.722 100% agree 4.621.250.001 0 0
4th Agenda 8.217.812.722 100% agree 6.161.666.667 0 0

Surabaya, 30th July 2021
The Board of Directors

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