Intiland Holds the 2025 Annual General Meeting of Shareholders
Jakarta (28/05) – Property developer PT Intiland Development Tbk (Intiland; DILD) held its Annual General Meeting of Shareholders (AGMS) for the fiscal year ending December 31, 2024. The AGMS attended by shareholders, members of the Board of Commissioners and the Board of Directors which took place at Intiland Tower, Jakarta, Wednesday (28/5) and was also held virtually via eASY.KSEI (Indonesia Central Securities Depository) platform.
The shareholders approved all six agendas of AGMS proposed by the Company. These included the Approval of the Annual Report and Ratification of the Company’s Financial Statements; Delegation of authority to the Board of Commissioners to appoint the Independent Public Accounting Firm; Determination of the appropriation of net profit for the fiscal year ending December 31, 2024; Changes in the composition of the Board of Directors and Board of Commissioners; and the Determination of remuneration for the Board of Commissioners and Board of Directors for 2025. The final agenda is approval of other matters related to the AGMS.
Intiland’s Corporate Secretary Theresia Rustandi expressed appreciation to shareholders for their approval toward six proposed agendas. The Company reaffirmed its commitment to enhance business performance and uphold good corporate governance to create long-term value for shareholders.
“Shareholders have responded positively to the Company’s strategic plans in navigating the increasingly dynamic property industry. The approval of all meeting agendas reflects shareholders’ trust in the management’s direction and business strategies,” said Theresia at the 2025 AGMS press conference at Intiland Tower, Jakarta, Wednesday (28/05).
In line with the expiration of current term of the Company’s Board of Directors and Board of Commissioners in 2025, shareholders approved changes to the composition of both governing bodies. The new members will serve a five-year term from 2025 to 2030.
Based on the AGMS resolutions, Dr. Sofyan A. Djalil who previously served as Vice President Commissioner and Independent Commissioner was appointed as President Commissioner and Independent Commissioner. Sinarto Dharmawan who previously served as President Commissioner will now take on the role of Vice President Commissioner. The Company also strengthened its supervisory function by appointing Alexander S. Rusli as an Independent Commissioner.
Theresia Rustandi announced that AGMS also approved the changes in the composition of Board of Directors by appointing Archied Noto Pradono as President Director. Archied previously served as Director of Capital and Investment Management. Additionally, the Company appointing Simon Joseph Wirawan as a new Director. Simon previously held the position of Director at PT Intiland Grande, one of Intiland’s subsidiaries.
The composition of Intiland’s Board of Commissioners and Board of Directors for the 2025–2030 period is as follows:
Board of Commissioners
- President Commissioner and Independent Commissioner : Dr. Sofyan A. Djalil
- Vice President Commissioner : Sinarto Dharmawan
- Independent Commissioner : Friso Palilingan
- Independent Commissioner : Alexander S. Rusli
Board of Directors
- President Director : Archied Noto Pradono
- Vice President Director : Utama Gondokusumo
- Director : Novita Anggriani
- Director : Simon Joseph Wirawan
Simon Joseph Wirawan is a long-serving senior executive at Intiland with over 30 years of experience in the property industry and a strong leadership record in various management positions. He held key roles as Director of PT Intiland Grande and PT Grande Family View, subsidiaries which become the spearhead for property operations in Surabaya.
In these roles, Simon was responsible for property management operations, including building management, golf and clubhouse facilities, estate management, and amenities for residents and tenants. His ability to manage complex operations with a focus on service quality makes him a highly capable leader to help drive the Company’s future growth.
Meanwhile, Alexander S. Rusli brings a strong professional background in information technology (IT) and has held numerous strategic positions in both government and private sector organizations. Alexander currently serves as Commissioner and Independent Commissioner in several companies, including PT Sumitomo Indonesia, PT Cisarua Mountain Dairy Tbk, PT Multipolar Tbk, and PT Unilever Indonesia Tbk. He also previously served as President Director and Commissioner of PT Indosat Tbk.
Alexander earned his academic degrees in Information Systems from Curtin University of Technology, Perth, Australia, including a Doctor of Philosophy (Ph.D.), Bachelor of Commerce (Hons), and Bachelor of Business. His extensive experience in IT, governance, and leadership is expected to strengthen oversight and provide fresh perspectives for Intiland’s future business development.
Intiland’s President Director Archied Noto Pradono stated that the new appointments to the Board of Directors and Board of Commissioners are aligned with the Company’s long-term strategy and growth direction. The composition was carefully considered based on experience, expertise, governance, and leadership aligned with the Company’s needs.
“Management is responsible to ensure that strategy, governance, and transformation processes are effectively executed, with a sharper focus on sustainable growth. This diversity in background and relevant expertise will positively contribute to Intiland’s long-term growth and business transformation,” said Archied.
Through the AGMS, shareholders also approved the appropriation of the Company’s net profit for the fiscal year ending December 31, 2024, amounting to Rp 174,7 billion. From these net profit, a sum of Rp 2 billion will be allocated as the Company’s statutory reserve, while the remaining of Rp 172 billion will be recorded as retained earnings.
“Considering the Company’s condition and the need to support business development, the Company has decided to not distribute dividends for the 2024 fiscal year,” Archied added.
Industrial Estate Segment Strengthens
Intiland recorded sales performance in the first quarter of 2025. One of the key factor which drive the strong marketing sales performance was the significant growth in the industrial estate segment. It continues to show a positive trend amid increasing demand from investors and industry players.
The Company recorded marketing sales of Rp 469,2 billion in first quarter of 2025, a surge of 84,7% compared to Rp 254 billion in the same period last year. The industrial estate development segment was the biggest contributor, recording Rp 411,6 billion in sales or increase 400% year-on-year. This spike was driven by the sale of industrial land at Batang Industrial Park and warehouses at Aeropolis Technopark, Tangerang.
Archied Noto Pradono stated that the industrial estate segment has become one of the Company’s key growth pillars amid a dynamic property market. According to him, the rising demand for land is being fueled by the needs of business expansion, growth in the manufacturing sector, and increasing investment from both domestic and international sources.
“We are seeing increased demand for industrial land, in line with the growth of investment in the manufacturing and logistics sectors. We will focus on developing highly competitive industrial estates by providing infrastructure and supporting facilities that meet business needs,” he stated.
The Company currently develops and manages two strategic industrial estates which are Ngoro Industrial Park (NIP) in Mojokerto, East Java and Batang Industrial Park (BIP) in Batang Regency, Central Java. The Company also develops and operates a warehouse complex called Aeropolis Technopark, located in the integrated mixed-use development Aeropolis, Tangerang.
Intiland believes that Indonesia’s industrial estate sector holds strong growth potential, supported by government policies that encourage investment and infrastructure development. With various incentives for both domestic and foreign investors, industrial estates have become a strategic sector that attracts global companies looking to expand their operations in Indonesia.
“We are optimistic about continuing our contribution to the development of Indonesia’s industrial estate sector. We strive to provide the best solutions for industry players seeking strategic locations to grow their businesses,” said Archied.
The Company believes that industrial estate development will continue to be a leading sector in the future. This potential essentially came from government support and growing demand for industrial land in line with the business expansion of various industrial sectors.