DSSA Secures Shareholder Approval for 1:25 Stock Split

• DSSA shareholders approved a 1:25 stock split to lower effective share price.

• Trading under the new share structure is scheduled to begin in April 2026.

By Kenzie Aryasatya, Felicia Humaira Mumtaz, Muthia Noor Safitri, Alexa Vendra Syahira, Muhammad Sahl Samudro

February 27, 2026, at 16:30 GMT+7

Dian Swastatika Sentosa Tbk (DSSA) has secured shareholder approval to conduct a 1:25 stock split during its Extraordinary General Meeting (RUPSLB). The corporate action represents one of the largest stock split ratios recently approved in the Indonesian capital market. 

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Through the split, each existing share will be divided into twenty-five new shares, significantly increasing the total number of outstanding shares in circulation. The move will adjust the nominal value per share proportionally without changing the company’s overall market capitalization. 

Following the approval, the company also outlined the implementation timeline for the action, including the transition from trading under the old nominal value to trading under the new structure. According to company disclosures and market reports, the split is scheduled to take effect in early April 2026 after the administrative and trading adjustments on the Indonesia Stock Exchange are completed.

L. Krisnan Cahya, President Director of DSSA | Source: SWA

The company stated that the stock split is primarily intended to improve accessibility to DSSA shares, which historically traded at very high price levels compared with most equities on the Indonesia Stock Exchange. 

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High share prices can limit participation from retail investors because the minimum purchase requirement of one lot often requires substantial capital. By reducing the effective price per share, the company expects a wider group of investors to be able to participate in trading the stock. 

Management also indicated that the action aims to broaden the shareholder base and strengthen market participation. In addition, increasing the number of shares available in the market is expected to support higher liquidity. Greater trading liquidity typically leads to more active transactions and tighter bid-ask spreads, which can improve overall market efficiency for the company’s shares.

DSSA Solar Cell and Panel Plant, Kendal | Source: DSSA

The stock split will significantly reduce the theoretical price per share once the adjustment takes effect. Based on prevailing market prices before the corporate action, analysts estimate that the post-split price could fall to a range of roughly three thousand rupiah per share, although the exact price will depend on market conditions at the time of implementation. 

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The lower price will also reduce the minimum investment required to purchase one lot of DSSA shares, making it substantially more affordable for retail investors compared with the pre-split structure. 

While the stock split does not change the company’s fundamental value or the proportional ownership of shareholders, it can influence market dynamics. Historically, such corporate actions may increase trading activity, improve liquidity, and sometimes strengthen short-term investor sentiment as accessibility to the stock improves.

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Sources:

CNBC

IDX

Indo Premier