PT WIJAYA KARYA (Persero) Tbk (WIKA) held an Extraordinary General Meeting of Shareholders (EGMS) on Monday (15/12) at WIKA Tower II, Jakarta. At the meeting, shareholders approved three important agendas regarding the approval of amendments and reaffirmation of the Company's Articles of Association, the delegation of authority to approve the 2026 Company Work Plan and Budget (RKAP) and its amendments, and the change in the use of State Capital Participation (PMN) funds, which is part of the capital increase through the Company's Preemptive Rights (HMETD) II.
At the EGMS, the Shareholders approved the amendments to the Company's Articles of Association in order to comply with laws and regulations and policies, including Law Number 16 of 2025 concerning the Fourth Amendment to Law Number 19 of 2003 concerning State-Owned Enterprises, including approving amendments to Article 5 of the Company's Articles of Association regarding adjustments to the special rights attached to Series A Dual-Color Shares owned by the Republic of Indonesia.
In the second agenda item, shareholders agreed to authorize and empower the Company's Board of Commissioners, with prior written approval from the Majority Series B Shareholders, to approve the Company's 2026 Work Plan and Budget (RKAP), including any amendments thereto. In its implementation, the Board of Commissioners shall continue to pay attention to aspects of Good Corporate Governance (GCG) and consider effectiveness. The process of approving the 2026 RKAP, including any amendments, may be delegated to the Company's Board of Commissioners, after first obtaining approval from the Majority Series B Shareholders.
In addition, in the third agenda item, the shareholders also approved changes in the use of State Capital Participation Funds (PMN), which are part of the Company's Capital Increase through Preemptive Rights II. PMN funds that cannot be absorbed by previously approved projects due to sufficient working capital will be transferred to other national strategic projects that require additional working capital.
The results of WIKA's EGMS reflect the commitment and strategic steps taken by shareholders to strengthen corporate governance and accelerate the absorption of PMN funds to benefit the community. “The shareholders' approval reflects their alignment and support for the strategic measures being undertaken by the Company to strengthen corporate governance and ensure that the PMN funds received by the Company can immediately benefit the community,” said Ngatemin, Corporate Secretary of WIKA.