Krakatoa Steel

Jakarta –

Main Director of PT Krakatoa Steel (Persero) Tbk Purwono Widodo stated that his party was finalizing the financial statements for the 2022 financial year. This was in response to a request from the Indonesian Stock Exchange (IDX) for the company to immediately submit financial reports.

If it is not immediately submitted by the end of June 2023, trading in shares of the issuer coded KRAS shares will be temporarily suspended or suspended.

“LK (Financial Report) 2022 is in the process of being finalized. There are still several fulfillment documents that are being prepared. We hope that it can be completed as soon as possible,” he told detikcom, Monday (12/6/2023).

Quoted from BetweenIDX Company Valuation Director I Gede Nyoman Yetna said, if the company has not submitted financial reports or paid a fine, then its shares will be suspended.

“If you have not submitted or have not paid a fine, KRAS can be suspended,” he said.

Nyoman said that his party had given KRAS a First Warning Letter (SP1) and a Second Warning Letter (SP2) accompanied by a fine of Rp. 50 million. This is because the company was late in submitting financial reports for the 2022 financial year.

“For companies that have not submitted their financial reports, they have SP1, they have SP2, they have already fined SP2, they will then proceed to SP3,” said Nyoman.

(acd/hns)

Jakarta –

PT Krakatoa Steel Tbk today held an Extraordinary General Meeting of Shareholders (EGMS). This meeting discussed two agendas, namely the report on the development of business transformation and the implementation of advanced strategic initiative programs.

Then the second agenda is the approval of changes to the composition of the Company’s management including changes to the nomenclature of the positions of the company’s directors.

Krakatau Steel’s Corporate Secretary, Male Utama, revealed that in this EGMS Krakatau Steel also appointed Purwono Widodo as Main Director to replace Silmy Karim, who was appointed Director General of Immigration at the Indonesian Ministry of Law and Human Rights in early January 2023.

Not only that, the company also appointed two new names on the board of directors, namely HR Director Sriyani Puspa Kinasih and Director of Business Development and Portfolio Agus Nizar Vidiansyah.

Two directors with a new nomenclature are Director of Finance and Risk Management Tardi and Director of Infrastructure and Business Support Djoko Muljono. The company also appointed Commissioner Isfan Fajar Satryo and Independent Commissioner Yudha Mediawan.

“We are sure that with the new management, Krakatau Steel can continue to improve its performance and bring Krakatau Steel even better,” he said in a press release, Wednesday (18/1/2023).

The meeting was chaired by the Main Commissioner of Krakatau Steel Suhanto as chairman of the meeting. The Extraordinary General Meeting of Shareholders was also attended by the Assistant Deputy for Mineral and Coal at the Indonesian Ministry of BUMN, Heri Purnomo, representing the government as the Series A Dwiwarna shareholder.

The following is the composition of the management Krakatoa Steel:

Commissioner

• Main Commissioner: Suhanto
• Commissioner: Yudha Mediawan
• Commissioner: I Gusti Putu Suryawirawan
• Independent Commissioner: Isfan Fajar Satryo
• Independent Commissioner: David Pajung
• Independent Commissioner: Tjuk Agus Minahasa

Directors

• Main Director: Purwono Widodo
• HR Director: Sriyani Puspa Kinasih
• Director of Finance & Risk Management: Tardi
• Commercial Director: Melati Sarnita
• Infrastructure & Business Support Director: Djoko Muljono
• Director of Business Development & Portfolio: Agus Nizar Vidiansyah

(kilo/that)