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PT ITSEC Asia Tbk (IDX: CYBR) Holds 2026 EGMS, Approves Stock Split and Strengthens Corporate Struct
Expanding investor access and improving share liquidity, while strengthening the Company’s capital structure and governance
ITSEC Asia, Bambang Susilo (Director), Patrick Dannacher (President Director), Marek Bialoglowy (Vice-President Director), Doni Mora (Director) (1).JPG)
Jakarta, 16 April 2026 — PT ITSEC Asia Tbk (the Company) (IDX: CYBR), Indonesia’s publicly listed cybersecurity company, today held its Extraordinary General Meeting of Shareholders (EGMS), approving a series of strategic resolutions aimed at strengthening the Company’s fundamentals and enhancing accessibility for investors.
During the meeting, shareholders approved a stock split with a ratio of 1 to 2, adjusting the par value of the Company’s shares from IDR 25 per share to IDR 12.5 per share. The initiative is expected to improve trading liquidity and broaden participation from a wider base of investors.
In line with this decision, the Company also approved amendments to Article 4 of its Articles of Association concerning capital. The adjustment reflects changes in the number of shares, with the issued and paid up capital increasing from 6,715,248,747 shares to 13,430,497,494 shares, following the stock split.
The EGMS further approved amendments to Article 12 of the Articles of Association regarding the duties and authority of the Board of Directors. The revision clarifies the Company’s representation mechanism, allowing the President Director or Vice President Director to represent the Company, and in their absence, two members of the Board of Directors to act on behalf of the Company.
In another agenda, the EGMS formally acknowledged the passing of Mr. Bima Kurniawan, who served as Director of the Company, on February 14, 2026. The Company expressed its deepest appreciation for his dedication and contributions and granted a full discharge and release from responsibility for his management actions during his tenure.
The meeting also resolved the updated composition of the Board of Directors and Board of Commissioners to continue the remaining term of office, ensuring leadership continuity and strategic consistency.
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Board of Commissioners |
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President Commissioner |
Richardus Eko Indrajit |
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Independent Commissioners |
Agustinus Nicholas L. Tobing |
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Commissioners |
Andri Hutama Putra |
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Board of Directors |
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President Director |
Patrick Rudolf Dannacher |
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Vice President Director |
Marek Bialoglowy |
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Director |
Eko Prasudi Widianto |
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Director |
Bambang Susilo |
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Director |
Doni Mora |
Management Structure of PT ITSEC Asia Tbk
Patrick Dannacher, President Director of PT ITSEC Asia Tbk, stated “These decisions reflect our commitment to strengthening the Company’s foundation while making our shares more accessible to a broader investor base. As Indonesia accelerates its digital transformation, cybersecurity is becoming increasingly critical. We are ensuring that our technology, governance, and organizational structure are all aligned to support sustainable growth.”
Since its establishment in 2010, PT ITSEC Asia Tbk has grown as a cybersecurity provider serving key sectors including financial services, telecommunications, energy, and government. The Company continues to contribute to Indonesia’s national cybersecurity resilience through innovation, capability development, and ecosystem collaboration.
Through these strategic resolutions, PT ITSEC Asia Tbk reaffirms its commitment to remain a trusted partner in securing Indonesia’s digital future.
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