Colombo, Sri Lanka – August 25, 2026 – AGSTAR PLC (CSE: AGST), a prominent player in Sri Lanka’s agricultural solutions sector, today announced an errata to its Annual Report for the financial year ended March 31, 2026. The correction addresses an inadvertent omission in the Nomination & Governance Committee Report, ensuring full transparency and compliance with corporate governance standards.
Correction to Nomination & Governance Committee Report
The company issued a formal notification to the Colombo Stock Exchange (CSE) on August 25, 2026, clarifying that a pre-finalized version of its Annual Report 2025/2026 was inadvertently uploaded on August 19, 2026. This version contained an omission on Page 47 within the Nomination & Governance Committee Report, specifically regarding the inclusion of Mr. T Sanakan’s name in the table detailing directors proposed for re-election.
According to the errata, Mr. T Sanakan, an Executive Director, was proposed for re-election in terms of Article 23(6) of the Articles of Association. His date of first appointment as a Director was February 7, 2025, and his last re-election at an Annual General Meeting (AGM) was on September 25, 2025. This correction ensures accurate disclosure of the company’s directorate and adherence to Rule No. 9.11.6 of the Corporate Governance Rules of the Colombo Stock Exchange.
Commitment to Transparency and Compliance
The prompt issuance of this errata underscores AGSTAR PLC’s commitment to maintaining high standards of corporate governance and regulatory compliance. Accurate reporting, especially concerning board composition and re-election proposals, is crucial for investor confidence and market integrity. The company confirmed that the finalized copy of the Annual Report, incorporating this correction, has been submitted for public reference.
AGSTAR PLC, known for its significant contributions to Sri Lanka’s agricultural sector through fertilizer, crop care, seeds, and agri-technology solutions, continues to prioritize transparent operations. The timely rectification demonstrates the company’s dedication to precise and reliable financial and governance reporting.
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