PT Sinar Terang Mandiri Tbk Convenes Annual General Meeting Of Shareholders for Fiscal Year 2024
Jakarta, June 10, 2025 – PT Sinar Terang Mandiri Tbk (Stock Code: MINE) successfully held its Annual General Meeting of Shareholders (AGMS) on Tuesday, June 10, 2025, at Oakwood Hotel, East Jakarta. The meeting commenced at 09:24 AM (WIB) and concluded at 10:06 AM (WIB).
The meeting was attended by shareholders and/or their proxies, both physically and via the eASY.KSEI system, representing 85.09% of the total issued shares of the Company.
The AGMS agenda included the following:
- Approval of the Company’s Annual Report for the financial year ended December 31, 2024.
- Determination of the allocation of the Company’s net profit for the 2024 financial year.
- Determination of salaries/honorarium and allowances for the Board of Directors and Board of Commissioners for the 2025 financial year.
- Appointment of a Public Accounting Firm to audit the financial statements for the 2025 financial year.
- Submission of the realization report on the use of proceeds from the Initial Public Offering (IPO).
During the AGMS, all agenda items requiring resolutions were approved by the majority of shareholders, with approval rates exceeding 99.999% of the shares represented.
Key Resolutions from the AGMS:
- Approval of the 2024 Annual Report and Financial Statements:
Shareholders approved and ratified the Annual Report, including the Company’s Consolidated Financial Statements for the 2024 financial year audited by the Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Rekan, which received an unqualified opinion. The Board of Directors and Board of Commissioners were granted full release and discharge (acquit et decharge) for their management and supervisory actions during the year. - Net Profit Allocation for 2024
Net Profit Allocation for 2024 of IDR 306 billion was distributed as follows:- IDR 1.5 billion allocated as mandatory reserves in accordance with the Company Law;
- No dividends were distributed to shareholders;
- The remainder recorded as retained earnings.
- Remuneration of the Board of Directors and Commissioners:
The meeting authorized the Board of Commissioners to determine the salary, honorarium, and allowances of the Board of Directors and Board of Commissioners based on the recommendations from the Nomination and Remuneration Committee. - Appointment of Public Accounting Firm:
The meeting delegated authority to the Board of Commissioners to appoint a Public Accounting Firm registered with the OJK to audit the Company’s financial statements for the 2025 financial year, including the determination of its fees and other terms. - IPO Proceeds Utilization Report:
This report was submitted to shareholders for informational purposes and did not require a resolution.
The AGMS was conducted in a transparent manner and in accordance with the principles of Good Corporate Governance (GCG), with the presence of independent notary Rini Yulianti, S.H. and the Securities Administration Bureau PT Adimitra Jasa Korpora.
