18 Stocks to Be Delisted from the Exchange, IDX Reveals List of Issuers

JAKARTA - PT Bursa Efek Indonesia (BEI) will remove the listing of securities or delist 18 issuers from the capital market. This decision will take effect on 10 November 2026.

In an IDX disclosure on Friday (10 April 2026), there are 18 issuers whose shares will be delisted. Of these, seven issuers are being delisted due to bankruptcy declarations, while the other 11 have experienced trading suspensions for more than 50 months.

Issuers declared bankrupt, resulting in their shares being removed from the stock exchange board, include PT Cowell Development Tbk (COWL), PT Mitra Pemuda Tbk (MTRA), PT Sri Rejeki Isman Tbk (SRIL), PT Sunindo Adipersada Tbk (TOYS), PT Sejahtera Bintang Abadi Textile Tbk (SBAT), PT Tianrong Chemicals Industry Tbk (TDPM), and PT Omni Inovasi Indonesia Tbk (TELE).

Meanwhile, issuers suspended for more than 50 months include PT Eureka Prima Jakarta Tbk (LCGP), PT Sugih Energy Tbk (SUGI), PT Marga Abhinaya Abadi Tbk (MABA), PT Limas Indonesia Makmur Tbk (LMAS), and PT Northcliff Citranusa Indonesia Tbk (SKYB).

Then, PT Envy Technologies Indonesia Tbk (ENVY), PT Golden Plantation Tbk (GOLL), PT Polaris Investama Tbk (PLAS), PT Triwira Insanlestari Tbk (TRIL), PT Nusantara Inti Corpora Tbk (UNIT), and PT Jaya Bersama Indo Tbk (DUCK).

The delisting stages have been set as follows.

Announcement of the Delisting Decision to the Public and Delivery of the delisting decision notification letter and buyback recommendation to the company, copied to OJK, on 10 April 2026.

Deadline for submitting buyback disclosure and commencement of buyback implementation by the company on 10 May 2026.

Buyback implementation period by the company from 11 May to 9 November 2026.

“The approval for the removal of these issuers’ share listings does not eliminate the companies’ unfulfilled obligations to the exchange,” IDX stated in the disclosure.