Colombo, 25 August 2026 – AGSTAR PLC, a publicly listed entity on the Colombo Stock Exchange (CSE), has announced an errata to its Annual Report for the financial year 2025/2026. The company officially informed the CSE on August 24, 2026, that an omission was identified in a pre-finalized version of the report, which had been published on August 19, 2026.
Details of the Omission and Correction
The errata specifically concerns the Nomination & Governance Committee Report, located on Page 47 of the Annual Report. It was noted that Mr. T. Sanakan’s name had been inadvertently left out from the section detailing directors proposed for re-election. This information is crucial for compliance with Rule No. 9.11.6 of the Corporate Governance Rules of the Colombo Stock Exchange, which requires the disclosure of particulars relating to directors proposed for re-election in accordance with the company’s Articles of Association.
AGSTAR PLC, through its company secretaries LOLC Corporate Services (Pvt) Ltd, has since uploaded the finalized version of the Annual Report and provided the corrected table to rectify the oversight. The revised table now accurately includes Mr. T. Sanakan’s details alongside other directors, ensuring complete transparency and adherence to regulatory requirements.
Corrected Director Information Table
The updated section, as appended in the errata, provides comprehensive details for the proposed directors:
| Description | Mr A M S N Abeysinghe (Article 23(6)) | Mr N C S K Nishankage (Article 23(2)) | Mr R S I Gunawardhana (Article 23(2)) | Mr T Sanakan (Article 23(6)) |
|---|---|---|---|---|
| Date of first appointment as a Director | 25.08.2025 | 25.08.2025 | 01.01.2023 | 07.02.2025 |
| Date of last re-election as a Director at an AGM | – | – | 19.09.2023 | 25.09.2025 |
| Board Committees Served on during the year under review | None | None | None | None |
| Present directorships in listed and unlisted Companies | Please refer Director’s Profiles | Please refer Director’s Profiles | Please refer Director’s Profiles | Please refer Director’s Profiles |
| Any relationships including close family relationships between the Director proposed for re-election and other directors, the Co. or its shareholders holding more than ten per centum (10%) of the shares of the Company | None | None | None | None |
Commitment to Corporate Governance
The prompt issuance of this errata by AGSTAR PLC reflects the company’s commitment to maintaining high standards of corporate governance and transparency in its financial reporting. Annual reports are vital documents for shareholders, investors, and regulatory bodies, providing a comprehensive overview of a company’s performance, governance, and future outlook. Ensuring their accuracy is paramount for informed decision-making and fostering investor confidence in the capital market.
The finalized copy of the Annual Report 2025/2026, incorporating these corrections, is now available for public reference.
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