List of Sritex Shareholders Before Delisting from the Indonesia Stock Exchange (IDX)

Listed on the stock exchange since June 17, 2013, Sritex is now facing delisting from the Indonesia Stock Exchange (BEI). Trading of shares of the textile company, officially known as PT Sri Rejeki Isman, has also been halted by the BEI for more than 24 months.

Sritex's bankruptcy is the strongest factor contributing to its delisting from the BEI. In addition, the indictment of Iwan Setiawan Lukminto, Sritex's President Director from 2005-2022, on corruption charges related to credit facility provision, plays a significant role.

According to BEI data, Iwan Setiawan Lukminto is listed as a shareholder of SRIL. In the latest BEI data, he is recorded as a commissioner holding 109,116,884 shares, equivalent to 0.53% of the total outstanding SRIL shares.

This shareholding is substantial compared to individual holdings; overall, Iwan is the third-largest shareholder.

First place is held by PT Huddleston Indonesia with 12,072,841,076 shares (59.03%). Second is the public, holding 8,158,734,000 shares (39.89%).

Other shareholders include Iwan Kurniawan Lukminto, Vonny Imelda Lukminto, and Lenny Imelda Lukminto. There is no record of controlling shareholders, registered and unregistered shares, or treasury stock.

(Read also: This Breakdown of Sritex's Debt Disbursed from the Creditor Group)

Citing Katadata, I Gede Nyoman Yetna, Director of Company Valuation at BEI, stated that SRIL shares have been suspended for more than 24 months and the company has been declared bankrupt. This situation fulfills the requirements for delisting as per Exchange Regulation Number I-N, specifically Article III.1.3.

The BEI delisting regulations are triggered by:

* The listed company experiences a significant condition or event negatively impacting the company's business continuity, financially or legally, and the listed company cannot demonstrate adequate recovery indicators;
* The listed company fails to meet the listing requirements of the BEI;
* The listed company's shares have been suspended, in either the regular market and cash market, and/or in all markets, for at least the past 24 months.

Nyoman added that the BEI is continuously coordinating with the Financial Services Authority (OJK) on the delisting process, including the change in SRIL's status from a public to a private company ("go private") as regulated in POJK Number 45 of 2024. Given SRIL's bankruptcy status, Nyoman stated that the responsibility for managing the company now rests with the curator.

The following is a complete breakdown of SRIL shareholders as of May 23, 2025:

* PT Huddleston Indonesia: 12,072,841,076 shares (59.03%)
* Public: 8,158,734,000 shares (39.89%)
* Iwan Setiawan: 109,116,884 shares (0.53%)
* Iwan Kurniawan Lukminto: 107,636,884 shares (0.52%)
* Vonny Imelda Lukminto: 1,776,000 shares (0.01%)
* Margaret Imelda Lukminto: 1,036,000 shares (0.01%)
* Lenny Imelda Lukminto: 1,036,000 shares (0.01%)

(Read Katadata: BEI Will Delist Sritex (SRIL) Shares)