Colombo, Sri Lanka – 25 August 2026 – ACL Plastics PLC, a prominent player in Sri Lanka’s industrial sector, has announced its Thirty-Fifth Annual General Meeting (AGM) will be held on Wednesday, 30th September 2026, at 10:00 a.m. The pivotal gathering for shareholders will take place at the Auditorium of A C L Plastics PLC, located at No. 60, Rodney Street, Colombo 08.
The announcement, made via a notice dated 24th August 2026, outlines a comprehensive agenda, including the adoption of the company’s financial statements and several key resolutions concerning the board of directors and auditors.
Key Resolutions for Shareholder Consideration
Shareholders will be presented with several critical proposals during the AGM, designed to shape the company’s future governance and oversight:
- Financial Review: To receive and adopt the Report of the Directors and the Statement of Accounts for the financial year ended 31st March 2026, along with the Auditor’s Report thereon.
- Director Re-election: Mr. Priyantha Somawansa, who retires by rotation in accordance with Article No. 85 of the Articles of Association, will be put forward for re-election as a Director.
- Board Appointments with Age Limit Waiver: Special notice has been given by a Shareholder for the consideration and passing of Ordinary Resolutions to appoint two directors who have exceeded the customary age limit.
- Mr. U. G. Madanayake: To be appointed as a Director, notwithstanding that he passed the age of 70 years in May 2006. The resolution seeks to ensure that the age limit of 70 years stipulated in Section 210 of Companies Act No. 07 of 2007 shall not apply to him.
- Mrs. N. C. Madanayake: To be appointed as a Director, despite having passed the age of 70 years in August 2013. This resolution similarly proposes that the age limit referred to in Section 210 of Companies Act No. 07 of 2007 shall not apply to her.
- Auditor Re-appointment: Messrs. Deloitte Partners, Chartered Accountants, are proposed for re-appointment as the company’s Auditors, with authorization for the Directors to determine their remuneration.
- Charitable Donations: Directors will seek authorization to determine donations to charities, reflecting the company’s commitment to corporate social responsibility.
Information for Shareholders
ACL Plastics PLC has also provided important instructions for its shareholders regarding participation in the upcoming AGM:
- Proxy Appointments: Shareholders unable to attend are entitled to appoint a Proxy to attend and vote on their behalf. A Form of Proxy is attached to the Annual Report for this purpose. The appointed Proxy need not be a shareholder of the Company. The instrument appointing a Proxy must be deposited at the Registered Office, No. 60, Rodney Street, Colombo 08, not less than forty-eight (48) hours before the time appointed for the Meeting.
- Attendance Slips: Shareholders attending the meeting in person are kindly requested to hand over their duly perfected and signed Attendance Slip to the Registration counter.
The Thirty-Fifth AGM represents a crucial opportunity for shareholders of ACL Plastics PLC to engage with the company’s leadership, review its performance for the financial year 2025/2026, and participate in key decisions that will guide its strategic direction and corporate governance.
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