Jakarta. RANS Entertainment Indonesia (RANS), the media and entertainment company affiliated with celebrity entrepreneur Raffi Ahmad, said one of its directors has resigned less than a month after the company made its stock market debut.

The company said it received a resignation letter from director Grandy Prajayakti on July 22, with the resignation submitted for personal reasons.

"The resignation was submitted for personal reasons," Finance Director Rumunggu Yokonapita said in a stock exchange filing released on Saturday.

RANS said it will convene a shareholders' meeting to seek approval for Prajayakti's resignation, in accordance with Indonesian corporate governance requirements.

The move comes shortly after RANS listed its shares on the Indonesia Stock Exchange (IDX) on July 10.

The company raised about Rp429.25 billion ($24 million) through its initial public offering after selling 2.52 billion shares, equivalent to a 20.02% stake, at Rp135 per share during the July 2–8 offering period.

Despite a strong debut, the stock has struggled in subsequent trading. Since listing, RANS shares have declined in seven of their first 11 trading sessions. On Friday, the stock fell 6.96% to close at Rp214 per share.

According to the company's website, Prajayakti, who was born in 1981, holds a bachelor's degree in civil engineering from Pelita Harapan University and has more than 20 years of experience in marketing, business development, operations management, and the digital media and entertainment industry.

Separately, RANS said it plans to conduct a limited review of its interim financial statements for the six months ended June 30, 2026.