Indonesian Political, Business & Finance News

BEI Delists 18 Issuers: Check the Share Buyback Schedule

| Source: CNBC Translated from Indonesian | Regulation
BEI Delists 18 Issuers: Check the Share Buyback Schedule
Image: CNBC

Jakarta, CNBC Indonesia - PT Bursa Efek Indonesia (BEI) has decided to “kick out” or delist several issuers. In its announcement, BEI released the names of 18 publicly listed companies that meet the delisting criteria.

The delisting criteria refer to the Exchange Announcement regarding Temporary Suspension, Exchange Announcement number Peng-00003/BEI.PLP/12-2025 dated 30 December 2025 on Potential Delisting of Listed Companies; and based on the Exchange Regulation Number I-N on Cancellation of Listing (Delisting) and Relisting of Shares on the Exchange. Consequently, these 18 issuers will officially depart from BEI on 10 November.

“In connection with the fulfilment of one of the conditions as stipulated in Exchange Regulation Number I-N, the Exchange decides on the Deletion of Securities Listing (Delisting) for the Listed Company effective 10 November 2026,” BEI stated in its announcement, quoted Saturday (11/4/2026).

Furthermore, in accordance with Exchange Regulation No. I-N, the Exchange urges the Listed Company to carry out a share buyback. BEI emphasises that Listed Companies decided for delisting still have obligations as Listed Companies until the effective delisting as determined by the Exchange.

“The approval for the deletion of the Company’s Securities Listing does not eliminate the obligations that have not been fulfilled by the Company to the Exchange,” the exchange added.

BEI sets 10 May 2026 as the deadline for submitting Buyback Information Disclosure and the start of the buyback implementation by the Company. Meanwhile, the buyback implementation period for the delisted issuers is set from 11 May to 9 November 2026.

Here is the list of listed companies decided for delisting:

  1. Companies declared bankrupt

  1. PT Cowell Development Tbk (COWL)

  2. PT Mitra Pemuda Tbk (MTRA)

  3. PT Sri Rejeki Isman Tbk (SRIL)

  4. PT Sunindo Adipersada Tbk (TOYS)

  5. PT Sejahtera Bintang Abadi Textile Tbk (SBAT)

  6. PT Tianrong Chemicals Industry Tbk (TDPM)

  7. PT Omni Inovasi Indonesia Tbk (TELE)

  1. Listed Companies that have been in suspension for more than 50 months

  1. PT Eureka Prima Jakarta Tbk (LCGP)

  2. PT Sugih Energy Tbk (SUGI)

  3. PT Marga Abhinaya Abadi Tbk (MABA)

  4. PT Limas Indonesia Makmur Tbk (LMAS)

  5. PT Northcliff Citranusa Indonesia Tbk (SKYB)

  6. PT Envy Technologies Indonesia Tbk (ENVY)

  7. PT Golden Plantation Tbk (GOLL)

  8. PT Polaris Investama Tbk (PLAS)

  9. PT Triwira Insanestari Tbk (TRIL)

  10. PT Nusantara Inti Corpora Tbk (UNIT)

  11. PT Jaya Bersama Indo Tbk (DUCK)

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