Colombo, 26 August 2026 – Browns Investments PLC (BIL), a prominent diversified investment company listed on the Colombo Stock Exchange (CSE), has announced its 18th Annual General Meeting (AGM) to be held as a virtual gathering on Thursday, September 24th, 2026, at 10:00 a.m. The notice, dated 25th August 2026, was issued by LOLC Corporate Services (Private) Limited, the company secretaries, signaling an important event for shareholders to review the company’s performance and strategic direction.
The virtual format ensures accessibility for all shareholders while aligning with modern corporate governance practices. The AGM is a crucial platform for stakeholders to engage with the company’s leadership and exercise their voting rights on key resolutions.
Key Resolutions on the Agenda
The upcoming 18th AGM will address several critical matters that will shape Browns Investments PLC’s governance and operational framework for the ensuing year. Shareholders will be called upon to consider and vote on the following business items:
- Annual Report and Financial Statements: To receive and consider the Annual Report and Financial Statements for the financial year ended 31st March 2026, along with the Auditor’s Report thereon. This is a fundamental aspect, offering transparency into BIL’s financial health and performance over the past year.
- Re-election of Directors: To re-elect Mr. W. D. K. Jayawardena and Mr. D. S. K. Amarasekera, both of whom retire by rotation in terms of Article 23(6) of the Company’s Articles of Association. Their re-election underscores continuity and stability in the company’s board leadership.
- Re-appointment of Auditors: To re-appoint M/s Deloitte Partners, Chartered Accountants, as Auditors for the upcoming financial year. The Directors will determine their remuneration. This resolution ensures independent oversight of the company’s financial reporting.
- Approval of Donations: To approve the making of donations by the Directors as determined by them for the current financial year and until the next AGM, in accordance with the Companies (Donations) Act No. 26 of 1951. This provides the Board with the flexibility to contribute to corporate social responsibility initiatives.
Ensuring Shareholder Participation through Virtual Means
Given the virtual nature of the meeting, Browns Investments PLC has outlined clear instructions for shareholder participation, primarily through the submission of proxy forms. Shareholders are encouraged to appoint a proxy to represent them and vote on their behalf at the AGM.
The completed Form of Proxy, which includes options for directing the proxy’s vote on each resolution, must be deposited at LOLC Corporate Services (Pvt) Ltd Secretaries for Browns Investments PLC, located at No. 100/1 Sri Jayawardenepura Mawatha, Rajagiriya. Alternatively, shareholders can scan and email the form to corporateservices@lolc.com with the subject “BIPLC AGM PROXY.”
It is imperative that the completed proxy form is submitted not less than 48 hours before the scheduled time of the meeting, i.e., by 10:00 a.m. on September 22nd, 2026, to ensure its validity.
The 18th AGM represents a pivotal moment for Browns Investments PLC to review its recent performance, affirm its leadership, and set the stage for future growth and governance. Shareholders are advised to review the full notice and proxy form for comprehensive details.
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