RANS Entertainment Clarifies Grandy Prajayakti's Resignation, Asserts Operations Continue as Normal

PT Rans Entertainmen Indonesia Tbk (RANS) has provided an official explanation to the Indonesia Stock Exchange (IDX) regarding the resignation of Grandy Prajayakti from his position as director. The company emphasised that the decision was purely based on personal reasons and is not related to internal issues or the company’s performance. In an explanation letter to the IDX numbered 031/CORSEC/REI/VII/2026, submitted on 29 July 2026, RANS stated that Grandy’s resignation was a personal decision conveyed through a resignation letter received by the company on 22 July 2026. The company also confirmed that there is no dispute of any kind between Grandy Prajayakti and the company, the Board of Directors, the Board of Commissioners, or the shareholders. RANS also explained that during the Initial Public Offering (IPO) process, there was never any discussion or indication regarding Grandy Prajayakti’s resignation plan. This applies from the prospectus preparation stage, the registration statement, until the company’s shares were officially listed on the Indonesia Stock Exchange. According to the company, the decision only emerged after Grandy submitted his resignation letter, which was received by the company on 22 July 2026. Thus, RANS asserted that the resignation was not part of a plan that had been prepared since the IPO process took place. Following the resignation, RANS stated that it has no immediate plans to appoint a replacement director. The company considers that the current composition of the Board of Directors still meets the minimum requirements as stipulated in Law Number 40 of 2007 concerning Limited Liability Companies, consisting of one President Director and two Directors. For the time being, the duties and responsibilities previously carried out by Grandy will be distributed to the President Director and other directors according to the division of tasks determined by management. RANS also assured that the business strategy and targets that have been conveyed to the public during the IPO can still be executed with the current Board of Directors structure.