Colombo, Sri Lanka – August 25, 2026 – PALM GARDEN HOTELS PLC (CSE: PALM.N0000) has officially announced its 52nd Annual General Meeting (AGM) will be held virtually on Wednesday, September 23rd, 2026, at 10:00 a.m. This crucial meeting, aligned with guidelines from the Colombo Stock Exchange (CSE), will provide shareholders with an opportunity to review the company’s performance and engage with its leadership.
The circular issued to shareholders today outlines the comprehensive arrangements for online participation, ensuring accessibility and transparency for all stakeholders. While the Board of Directors and key officials will convene in person at the company’s registered office at No: 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, shareholders will participate exclusively through the virtual platform.
Seamless Online Participation for Shareholders
To facilitate a smooth virtual experience, shareholders and proxy holders intending to participate online are required to submit a duly completed Registration Form (Annexure I of the circular). This form must be emailed to corporateservices@lolc.com with the subject line “REGISTRATION FORM FOR PALM AGM 2026” at least 48 hours before the meeting. Login information for the virtual AGM will then be forwarded to the provided email addresses.
Shareholders also have the option to appoint a proxy to represent them at the AGM. The Form of Proxy, enclosed with the Notice of Meeting, can be submitted either by post, hand delivery to LOLC Corporate Services (Pvt) Ltd at the registered office, or by scanning and emailing it to corporateservices@lolc.com (subject: “PALM AGM PROXY”). Fax submissions are also accepted at +94 112865602. The deadline for valid proxy submissions is 10:00 a.m. on September 21st, 2026, or not less than 48 hours before the meeting.
Accessing the Annual Report and Submitting Questions
The Annual Report for PALM GARDEN HOTELS PLC for the financial year 2025/2026 is readily accessible online through the company’s corporate website at https://www.brownshotels.com/investor-relations and on the Colombo Stock Exchange website at https://www.cse.lk/company-profile?symbol=PALM.N0000. A QR code is also provided for mobile access. For those preferring a physical copy, a Request Form (Annexure II) can be submitted, with printed reports to be dispatched within eight market days.
Shareholders are encouraged to submit any questions or comments regarding the AGM agenda items in advance. These can be sent via email to corporateservices@lolc.com, by facsimile to +94 112865602, or by post to the Company Secretaries. Submissions should be made at least two days prior to the meeting to allow for compilation and review by the Board of Directors, ensuring relevant queries are addressed during the AGM by the Chairman.
Key Agenda Items for the 52nd AGM
The agenda for the 52nd Annual General Meeting includes several important resolutions:
- To receive and consider the Report of the Directors and the Audited Financial Statements for the year ended 31st March 2026.
- Re-election of Mrs. K U Amarasinghe as a Director, who retires by rotation.
- Re-election of Dr. J. M. Swaminathan as a Director, in terms of Section 210 of the Companies Act No. 7 of 2007.
- Re-election of Mr. T Dharmarajah as an Independent Director, in terms of Section 210 of the Companies Act No. 7 of 2007.
- Re-appointment of M/s Deloitte Partners as the External Auditors for the ensuing year and to authorise the Directors to determine their remuneration.
- Approval of donations to be made by the Directors for the current financial year and until the next AGM, in accordance with the Companies (Donations) Act No. 26 of 1951.
For any further assistance or clarification regarding the AGM, shareholders may contact Mrs. Dunisha Perera of the Company Secretariat via telephone at +94 11 7248554 or email at DunishaP@lolc.com. PALM GARDEN HOTELS PLC expresses its gratitude to its shareholders for their continued cooperation.
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