Kuya Food Express JAKARTA. PT Semen Indonesia Tbk (SMGR), a prominent player in the cement industry, has officially announced the dissolution and subsequent liquidation of several of its subsidiary entities.
According to an information disclosure submitted to the Indonesia Stock Exchange (BEI), on May 20, 2026, SMGR, through its subsidiary PT Solusi Bangun Indonesia Tbk (SMCB), initiated the dissolution and liquidation of PT Ciptanugrah Indonesia (CI). Given that SMGR holds an 83.52% stake in SMCB, CI is considered a sub-subsidiary (grandchild company) within the group structure.
On the very same date, SMGR, also via SMCB, proceeded with the dissolution and liquidation of PT Aroma Sejahtera Indonesia (ASI). Furthermore, a day prior, on May 19, 2026, SMGR, through SMCB, dissolved and liquidated PT Aroma Cipta Anugrahtama (ACA), which stands as a great-grandchild company of SMGR through SMCB.
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To facilitate these corporate actions, PT Ciptanugrah Indonesia (CI), PT Aroma Sejahtera Indonesia (ASI), and PT Aroma Cipta Anugrahtama (ACA) each held Extraordinary General Meetings of Shareholders (EGMS) on May 19 and 20, 2026. These meetings collectively approved the dissolution and liquidation of their respective companies, effective from the date of the meeting decisions.
During these crucial EGMS proceedings, a liquidator team was also appointed, comprising Fany Wulandari, Andika Lukmana, and Sri Setio Inantoro. This team is now tasked with overseeing the dissolution process.
The appointed liquidator team will undertake all necessary actions related to the dissolution of CI, ASI, and ACA, ensuring full compliance with the provisions outlined in each company’s Articles of Association and all applicable laws and regulations.
Indrieffouny Indra, the President Director of Semen Indonesia, affirmed in the information disclosure on Wednesday (May 20) that “There is no material impact of these events, information, or facts on the company’s operational activities, legal status, financial condition, or business continuity.” This statement underscores the company’s confidence in maintaining stability despite the restructuring.
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Following these announcements, on Thursday (May 21), SMGR’s share price experienced a slight correction of 0.54% during intraday trading, closing at Rp 1,825 per share.
Summary
PT Semen Indonesia Tbk (SMGR) has officially announced the dissolution and liquidation of three of its subsidiary entities: PT Ciptanugrah Indonesia, PT Aroma Sejahtera Indonesia, and PT Aroma Cipta Anugrahtama. These actions were facilitated by the companies’ respective sub-subsidiary and grandchild structures under PT Solusi Bangun Indonesia Tbk. Extraordinary General Meetings of Shareholders were held on May 19 and 20, 2026, to formalize these decisions and appoint a dedicated liquidation team.
The company has confirmed that these corporate restructuring efforts will not have a material impact on its operational activities, legal status, or financial condition. Despite the announcement, SMGR shares experienced only a minor intraday correction of 0.54%, closing at Rp 1,825 per share. The appointed liquidators are currently overseeing the process in full compliance with all applicable laws and the companies’ Articles of Association.