IDX Announces 18 Issuers to Be Delisted This Year
The Indonesia Stock Exchange (IDX) will remove the listing of securities or delist 18 issuers this year. This decision is outlined in three IDX announcements numbered Peng-DEL-00001/BEI.PP1/04-2026, Peng-DEL-00002/BEI.PP2/04-2026, and Peng-DEL-00001/BEI.PP3/04-2026, issued on 10 April 2026.
The removal of securities listing will take effect on 10 November 2026. According to the IDX announcement, the 18 issuers to be delisted are divided into two categories: companies declared bankrupt and companies that have been under suspension for more than 50 months.
There are seven companies declared bankrupt: 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).
Then, there are 11 listed companies that have been under suspension for more than 50 months. These companies are PT Eureka Prima Jakarta Tbk (LCGP), PT Sugih Energy Tbk (SUGI), PT Marga Abhinaya Abadi Tbk (MABA), PT Limas Indonesia Makmur Tbk (LMAS), PT Northcliff Citranusa Indonesia Tbk (SKYB), PT Envy Technologies Indonesia Tbk (ENVY), PT Golden Plantation Tbk (GOLL), PT Polaris Investama Tbk (PLAS), PT Triwira Insanlestasi Tbk (TRIL), PT Nusantara Inti Corpora Tbk (UNIT), and PT Jaya Bersama Indo Tbk (DUCK).
“Furthermore, in accordance with Exchange Regulation No. I-N, the exchange urges listed companies to carry out buybacks,” the IDX stated in its announcement. The buyback implementation period by the companies is scheduled from 11 May to 9 November 2026.
IDX Director of Company Ratings I Gede Nyoman Yetna stated that in principle, companies to be delisted have been given opportunities to improve their fundamentals. “The regulation is 24 months, we have given more than 24 months opportunity. These are companies that have been listed for a long time,” Nyoman said when met at Pacific Place, Jakarta, on Monday, 13 April 2026.
Meanwhile, Nyoman said, there are also companies delisted due to legal issues, such as bankruptcy. He stated that delisting for bankrupt issuers aligns with efforts to provide protection for investors.