COLOMBO, Sri Lanka – 26 August 2026 – HOTEL SIGIRIYA PLC (CSE: HSIG.N0000) has issued a circular to its shareholders, announcing the upcoming 52nd Annual General Meeting (AGM) to be held virtually on Wednesday, 23rd September 2026, at 12:00 noon. The significant announcement, released on 25th August 2026, outlines the procedures for online participation and reveals a strategic proposal to amend the company’s Articles of Association to establish an “AYUWASA” Ayurveda Treatment Center.
Virtual Participation and Shareholder Engagement
In line with guidelines issued by the Colombo Stock Exchange (CSE), HOTEL SIGIRIYA PLC’s 52nd AGM will primarily be an online affair, with shareholders participating virtually. The Board of Directors and essential key officials will be present at the LOLC Board Room, 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, which will serve as the physical hub for the virtual meeting.
To ensure seamless participation, shareholders and proxy holders intending to join online must submit a duly completed Registration Form (Annexure I of the circular) to corporateservices@lolc.com. This registration, with the email subject “REGISTRATION FORM FOR SIGIRIYA AGM 2026,” must be completed not less than 48 hours before the meeting, allowing login information to be forwarded in a timely manner.
Shareholders have the option to appoint a member of the Board of Directors or any other person as their proxy. The completed Form of Proxy, enclosed with the Notice of Meeting, should be delivered, posted, or emailed to corporateservices@lolc.com (subject: “SIGIRIYA AGM PROXY”) or faxed to +94 112865602. Proxies must be submitted by 12:00 p.m. on 21st September 2026 to be considered valid.
For transparency and engagement, shareholders are encouraged to submit any questions or comments regarding the agenda items via email to corporateservices@lolc.com, by fax to +94 112865602, or by post to LOLC Corporate Services (Pvt) Ltd, at least two days before the meeting. This will enable the Company Secretaries to compile queries for the Board of Directors to address during the AGM.
Annual Report Access and Key Resolutions
The Annual Report of HOTEL SIGIRIYA PLC for the financial year 2025/26 is readily accessible through the company’s corporate website (www.brownshotels.com/investor-relations/) and the Colombo Stock Exchange website (www.cse.lk/company-profile?symbol=HSIG.N0000). A QR code is also provided for mobile access. Shareholders desiring a hard copy can request one by filling out the Form of Request (Annexure II), which the company commits to dispatch within eight market days, subject to prevailing circumstances.
The AGM agenda includes several customary resolutions:
- Receiving and adopting the Report of the Directors and the Audited Statement of Accounts for the year ended 31st March 2026.
- Re-election of Directors: Mr. W. D. K. Jayawardena, Mr. S. Furkhan (Independent Director), Dr. J. M. Swaminathan (Independent Director), and Mr. T. Dharmarajah (Independent Director) who retire by rotation.
- Re-appointment of M/s Deloitte Partners Chartered Accountants as Auditors for the ensuing year.
- Approving the making of donations by the Directors for the current financial year.
Strategic Diversification: Introducing ‘AYUWASA’ Ayurveda Treatment Center
A significant highlight of the upcoming AGM is the special resolution proposed to amend the Articles of Association of the Company. This amendment seeks to introduce a new Article 3A, explicitly allowing the company “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 signals HOTEL SIGIRIYA PLC’s intent to diversify its offerings and tap into the growing global demand for wellness tourism and traditional Ayurvedic therapies. The integration of an Ayurveda Treatment Center is expected to enhance the company’s value proposition, attracting a broader clientele seeking holistic health and relaxation experiences within the hospitality sector.
For any further queries regarding the AGM, shareholders may contact Mrs. Dunisha Perera at the Company Secretariat via telephone at +94 11 7248554 or email at Dunishap@lolc.com. The Board of Directors has expressed gratitude to the shareholders for their continued cooperation.
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