In the meeting, shareholders approved two important agendas, namely the provision of guarantees for a syndicated credit facility and changes in the company's board of directors.

Syndicated Credit Facility Worth Rp5.2 Trillion

SSMS obtained shareholder approval to pledge most of its assets, including those of two subsidiaries, to support a syndicated credit facility amounting to a maximum of Rp5.2 trillion. This credit is provided syndicationally by several major financial institutions, including PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Syariah Indonesia (Persero) Tbk, Indonesia's Export-Import Financing Agency (LPEI), PT Bank Woori Saudara Indonesia 1906 Tbk, PT Bank Maybank Indonesia Tbk, PT Bank KB Indonesia Tbk, and PT Allo Bank Indonesia Tbk. This facility is expected to strengthen the company's capital structure and support various expansion and transformation agendas towards more efficient and sustainable operations.

Changes in Directors, Strengthening Sustainability Focus

The meeting also approved the appointment of Henky Satrio Wibowo as Director and Chief Sustainability Officer (CSO). This special position for sustainability marks SSMS's firm step in strengthening Environmental, Social & Governance (ESG) practices across all business lines. Accordingly, the composition of SSMS's Board of Commissioners and Directors post-meeting is as follows: Board of Commissioners: Bungaran Saragih – President Commissioner; Hoesen – Independent Commissioner; Rimbun Situmorang – Commissioner. Directors: Jap Hartono – President Director; Akhmad Faisyal – Director; Jahja Tanudjaja Adelai – Director; Roshan Chakravarthy Vallautham – Director; Henky Satrio Wibowo – Director. This strategic step, according to management, is a manifestation of SSMS's commitment to balancing business growth with social and environmental responsibility. The application of sustainability principles is expected to drive innovation, increase operational efficiency, and strengthen employee culture and engagement. In addition, SSMS has maintained 100% sustainability certification for RSPO and ISPO across all operational units — a tangible proof of responsible business practices aligned with good governance principles.

SML Acquisition: Strategy for Expansion and Operational Efficiency

In the Independent Shareholders' Meeting, shareholders also approved SSMS's plan to acquire a majority stake in PT Sawit Mandiri Lestari (SML) from PT Citra Borneo Indah (CBI). This acquisition is part of SSMS's long-term expansion strategy without opening new land. SML, operating in Central Kalimantan with an area of up to 11,046 hectares, is considered to have great potential to strengthen the supply chain, improve efficiency, and expand production capacity. With adjacent plantation locations and relatively young plants, SML is believed to accelerate production growth and strengthen the company's financial performance in the future. SSMS management is optimistic that the strategic steps approved in both meetings will provide significant added value for all stakeholders. “This acquisition is part of an important strategy to strengthen SSMS's long-term advantages and business resilience amid the increasingly competitive and dynamic palm oil industry,” as stated by management in their official release.