Colombo, Sri Lanka – 26 August 2026 – HOTEL SIGIRIYA PLC (CSE: SIGI) has announced that its 52nd Annual General Meeting (AGM) will be held on Wednesday, 23rd September 2026, at 12:00 noon. The significant announcement, made on 25th August 2026, details the agenda for the upcoming virtual gathering, including key director re-elections and a notable proposal for strategic diversification into Ayurveda wellness.
The AGM will be conducted as an on-line audio-visual meeting, with the central platform arranged at the LOLC Board Room, located at 100/1, Sri Jayawardenapura Mawatha, Rajagiriya. This virtual format ensures broader participation while adhering to modern corporate practices.
Key Resolutions on the Agenda
Shareholders of Hotel Sigiriya PLC will address a comprehensive agenda encompassing financial reviews, corporate governance, and strategic initiatives. The primary resolutions include:
- Financial and Auditors’ Reports: To receive and approve the Directors’ Report and Statement of Accounts for the financial year ended 31st March 2026, along with the Auditors’ Report thereon.
- Director Re-elections: The meeting will consider the re-election of several directors. Mr. W. D. K. Jayawardena and Mr. S. Furkhan (as an Independent Director) will retire by rotation in terms of Article 90 of the Articles of Association and stand for re-election. Additionally, Dr. J. M. Swaminathan and Mr. T. Dharmarajah will seek re-election as Independent Directors, having retired in terms of Section 210 of the Companies Act No. 7 of 2007 and being re-appointed in terms of Rule No. 9.8.3 (ix) of the Listing Rules.
- Auditor Re-appointment: M/s Deloitte Partners Chartered Accountants are proposed for re-appointment as the Company’s Auditors for the ensuing year, with their remuneration to be agreed upon by the Directors.
- Donations Approval: Shareholders will also be asked to approve the making of donations by the Directors for the current financial year and until the next Annual General Meeting, in accordance with the Companies Act No. 26 of 1951 (Donations).
Strategic Move into Ayurveda Wellness with ‘AYUWASA’
Perhaps the most significant item on the agenda is a Special Resolution to amend the Articles of Association of Hotel Sigiriya PLC. This amendment proposes the addition of a new Article 3A, which will formally enable the company to expand its business scope. The proposed Article reads:
“3A) To establish, operate, and manage an “AYUWASA” Ayurveda Treatment Center that offers traditional Ayurvedic treatments, therapeutic massages, herbal therapies, and related wellness services as an incidental or ancillary activity to the company’s main business of operating hotels for tourists and selling Ayurvedic and wellness products to hotel guests and other patrons.”
This strategic move signifies Hotel Sigiriya PLC’s intent to tap into the growing global trend of wellness tourism, integrating traditional Sri Lankan Ayurveda into its core hospitality offerings. The “AYUWASA” Ayurveda Treatment Center aims to provide holistic wellness experiences, leveraging the company’s existing infrastructure and catering to both hotel guests and other patrons seeking authentic Ayurvedic therapies and products.
The amendment also includes a minor change to Article 85, substituting the number “81” with “82”.
Shareholder Participation and Proxy Information
Shareholders unable to attend the virtual 52nd AGM can exercise their voting rights by appointing a proxy. The Notice of Meeting includes a comprehensive proxy form, outlining the process for nomination. Completed proxy forms must be submitted to the Company Secretaries, either by post/hand delivery to the registered office at 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, or by scanning and emailing to corporateservices@lolc.com with the subject “SIGIRIYA AGM PROXY”. Submissions must be made not less than 48 hours before the time appointed for the meeting.
This upcoming AGM marks a crucial juncture for Hotel Sigiriya PLC, as it looks to solidify its financial standing and embark on a new strategic direction within the thriving Sri Lankan tourism and wellness sector.
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