Colombo, 25 August 2026 – Lotus Hydro Power PLC (CSE: LHPP) has announced its Twenty Fifth Annual General Meeting (AGM) will be convened on Thursday, September 24th, 2026, at 10:30 A.M. The significant corporate event will be held as an online audio-visual meeting, ensuring shareholder participation while adhering to modern virtual communication standards.
The announcement, made on August 24th, 2026, via the Colombo Stock Exchange (CSE), outlines a comprehensive agenda for the upcoming AGM, which includes critical financial reviews, director re-elections, and re-appointments, as well as the re-appointment of the company’s auditors.
Key Resolutions for Shareholder Consideration
The Twenty Fifth AGM will address several crucial matters that directly impact the company’s governance and future direction. Shareholders are urged to participate and exercise their voting rights on the following key resolutions:
- Financial Performance Review: Members will receive and consider the Annual Report of the Board of Directors and the Audited Financial Statements for the financial year ended March 31st, 2026, along with the Auditors’ Report thereon. This is a fundamental opportunity for shareholders to gain insights into the company’s financial health and operational performance.
- Director Re-elections: In line with Article 24(6) of the company’s Articles of Association, Mr. P.M.B. Fernando and Dr. R.N.A. Athukorala will retire by rotation and be proposed for re-election as Directors.
- Re-appointment of Directors Over 70: Two significant ordinary resolutions will be presented for the re-appointment of directors who are over 70 years of age, in compliance with Sections 210 and 211 of the Companies Act No.07 of 2007.
- Shareholders will vote on the re-appointment of Mr. Gary Donald Seaton, aged 71. His re-appointment is recommended by the Board of Directors.
- Similarly, a resolution will be tabled for the re-appointment of Dr. Thirugnanasambandar Senthilverl, aged 81, whose continued service is also recommended by the Board.
- Auditor Re-appointment: M/s KPMG, Chartered Accountants, are proposed for re-appointment as the Company’s Auditors until the conclusion of the next Annual General Meeting. The Directors will also be authorized to determine their remuneration.
- Charitable Contributions: Directors will seek authorization to determine contributions to charities and other donations for the year 2026/2027, until the next AGM.
Navigating the Virtual Meeting: A Guide for Shareholders
Lotus Hydro Power PLC is fully embracing a virtual format to facilitate maximum shareholder participation. The AGM will be conducted as an online audio-visual meeting, originating from Lotus Hydro Power PLC, 2nd Floor, No. 168, Negombo Road, Peliyagoda.
Registration and Participation Details:
- Online Registration: Shareholders intending to participate virtually must email their registration requests to disna@lotusreenergy.com or asanka@lotusreenergy.com. The request, along with the required information as per the Shareholder Registration Form, must be submitted at least forty-eight (48) hours prior to the AGM.
- Proxy Appointments: Members entitled to attend and vote may appoint a proxy in their stead. Proxy instruments must be lodged with the Company not less than 48 hours before the meeting. The Company will verify proxy holder information against the submitted Form of Proxy before sharing meeting links and user credentials.
- Verification and Access: Upon successful verification of registration requests and identification details, shareholders will receive an email confirmation. A separate email containing the meeting link and user credentials will be dispatched twenty-four (24) hours before the AGM.
- Technical Requirements: For smartphone or tablet users, downloading the Online Meeting App (Zoom) may be necessary. Desktop/laptop users can access the meeting via a web browser. Shareholders are advised to join at least ten minutes before the scheduled start.
- Support: For any connectivity issues, shareholders can contact 011-2983277/077-3430505 or email asanka@lotusreenergy.com/disna@lotusreenergy.com for assistance.
- Voting Mechanism: A dedicated voting link will be emailed to all participants. Shareholders can log in using their credentials to select their preferred option and submit their vote for each resolution announced by the Chairman.
The Twenty Fifth AGM represents a crucial opportunity for Lotus Hydro Power PLC shareholders to engage with the company’s leadership, review its performance, and contribute to its corporate governance. Active participation is encouraged to ensure informed decision-making regarding the company’s future trajectory.
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