Adhi Karya postpones meeting on Jasamarga Jogja Solo stake sale
Shareholders will also consider a revision to the use of rights issue proceeds that exceeds 10 per cent of the total raised.
Approval for Adhi Karya’s planned sale of its holding in PT Jasamarga Jogja Solo (JMJ) will be sought at an extraordinary general meeting on 4 December 2026. An Indonesia Stock Exchange disclosure says the company has postponed the meeting, previously scheduled for 13 November 2026.
The divestment is part of a restructuring involving listed companies under direct or indirect government control. Although the transaction qualifies for an exemption from the shareholder approval requirement under POJK No. 17 of 2020, Adhi Karya will still put the proposal to shareholders.
A second item on the agenda concerns changing the planned use of money raised through the company’s PMHMETD II rights issue. The proposed revision departs from the allocation in the prospectus and/or one previously approved by shareholders.
Because the change exceeds 10 per cent of total offering proceeds, it requires shareholder approval under Article 16(1)(a) of POJK No. 40 of 2025, which governs the use of public offering funds.
Proceedings are set to begin at 14:00 WIB on the 16th floor of ADHI Tower in Cawang, East Jakarta. Shareholders can also participate online using KSEI’s eASY.KSEI platform. Attendance eligibility is based on the shareholder register or KSEI securities account records at the trading close on 11 November 2026, at 16:00 WIB.
