Lippo Karawaci approves board changes and capital reduction

PT Lippo Karawaci Tbk (LPKR) held an Extraordinary General Meeting of Shareholders (RUPSLB) on September 11, 2026, in Jakarta to address changes in corporate governance and capital structure.

During the meeting, shareholders accepted the resignation of Anand Kumar from the Board of Commissioners. The meeting also established a new composition for the Board of Commissioners and the Board of Directors, with terms lasting until the conclusion of the 2028 Annual General Meeting of Shareholders. The new Board of Commissioners will be led by President Commissioner/Independent Commissioner Prof. Dr. Ir. Ginandjar Kartasasmita.

Additionally, shareholders approved a reduction in issued and paid-up capital through the withdrawal of 20,700,600 treasury shares. These shares were originally repurchased by the company between 2020 and 2023 but could not be transferred due to market price constraints. The withdrawal aims to resolve the status of the treasury shares and reorganize the company's capital structure.