Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom Indonesia) covers the month of April 2025, with the report dated April 11, 2025. The filing serves as a notification to the Indonesian Financial Services Authority (OJK) and the U.S. SEC regarding a material corporate governance event.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly a disclosure of a personnel change and does not contain financial performance data.
Material Changes
- Resignation: Mr. Bambang Permadi Soemantri Brodjonegoro resigned as President/Independent Commissioner effective April 10, 2025.
- Reason: The resignation is due to his appointment as Dean of the Asian Development Bank Institute (ADBI), which prohibits holding dual positions in business entities or State-Owned Enterprises.
- Board Composition Impact: Upon the effective date of resignation, the Board of Commissioners will consist of 8 members, including only 2 Independent Commissioners.
- Regulatory Compliance: The reduction in Independent Commissioners results in a proportion below the 30% minimum required by capital market regulations.
Outlook, Risks, and Management Commentary
Management states that the resignation has no material impact on the continuity of the Company's business. The Company plans to hold a General Meeting of Shareholders (GMS) within 90 days of receiving the resignation letter to address the vacancy and restore compliance with the Independent Commissioner quota. The fulfillment of the regulatory requirement will be executed at the nearest GMS.
Investor Verification Checklist
- Verify the exact effective date of Mr. Brodjonegoro's resignation and the resulting composition of the Board of Commissioners.
- Monitor announcements for the scheduling of the General Meeting of Shareholders (GMS) required within the 90-day statutory window.
- Confirm the timeline for appointing a new Independent Commissioner to meet the 30% regulatory threshold.
- Review subsequent filings for any updates on the search for a replacement or changes in board oversight.