Semen Indonesia (SMGR) Implements Strategic Changes through EGM

Key Decisions from December 2025 EGM

PT Semen Indonesia Tbk (SMGR), a leading player in Indonesia's cement industry, held an Extraordinary General Meeting of Shareholders (EGM) on December 22, 2025. The meeting resulted in several significant decisions that will shape the company's future operations and strategic direction.

Adjustments to Articles of Association

The EGM approved amendments to the company's Articles of Association, allowing for greater flexibility in business operations. This change is particularly important in the dynamic cement industry where market conditions can shift rapidly.

Delegation of Authority for RKAP

The meeting also approved the delegation of authority to approve the 2026 Work Plan and Budget (RKAP), including any potential changes. This delegation includes authorization to the Board of Commissioners to finalize the RKAP, subject to prior written approval from the largest Series B shareholders.

Strategic Implications

These changes position SMGR to respond more effectively to market challenges and opportunities. The increased flexibility in decision-making processes will enable the company to implement business initiatives more efficiently. Corporate Secretary Vita Mahreyni stated that the company welcomes these changes as they support SMGR's efforts to maintain its competitive edge in a challenging industry environment.

Market Context

The cement industry continues to face dynamic challenges, including fluctuating demand and competitive pressures. By enhancing its governance structure and operational flexibility, SMGR is better positioned to navigate these challenges and capitalize on emerging opportunities.