Colombo, August 26, 2026 – Kelani Tyres PLC (CSE: KTYR), a leading name in Sri Lanka’s tyre manufacturing sector, has officially announced its 32nd Annual General Meeting (AGM), scheduled to convene on Tuesday, September 22, 2026. The crucial shareholder gathering will commence at 10:00 a.m. at the Ruby Room, Marino Beach Hotel Colombo, located at No. 590, Marine Drive, Colombo 3.
The notice, issued by the Board of Directors on August 25, 2026, outlines a comprehensive agenda focusing on the company’s financial performance, board composition, and corporate governance for the upcoming period.
Key Resolutions on the Agenda
Shareholders attending the 32nd AGM will be presented with several significant resolutions for consideration and approval, pivotal to the company’s ongoing operations and strategic direction:
- Review of Annual Report and Financial Statements: A primary item will be the reception and consideration of the Annual Report of the Board of Directors on the company’s affairs, alongside the Statement of Accounts for the financial year ended March 31, 2026, including the accompanying Report of the Auditors. This provides a detailed overview of Kelani Tyres PLC’s performance and financial health.
- Re-election of Director: Mr. R. P. Weerasooria, a current member of the Board, will retire by rotation in accordance with Articles 84 and 85 of the Company’s Articles of Association and will be proposed for re-election.
- Re-appointment of Senior Director: A notable resolution involves the re-appointment of Mr. R. C. D. De Silva, who is 84 years of age. An Ordinary Resolution will be moved to ensure the age limit stipulated in Section 210 of the Companies Act, No. 7 of 2007, does not apply, thereby facilitating his re-appointment as a Director in terms of Section 211 of the Act. This highlights the company’s commitment to retaining experienced leadership.
- Auditor Re-appointment and Remuneration: The re-appointment of Messrs. KPMG, Chartered Accountants, as the company’s Auditors will be put to a vote, with the Board of Directors authorized to determine their remuneration for the ensuing period.
- Authorization for Donations: Directors will seek authorization to determine donations for the financial year ending March 31, 2027, extending up to the date of the next Annual General Meeting.
Shareholder Participation and Proxy Details
Kelani Tyres PLC underscores the importance of active shareholder participation in its corporate governance. Any shareholder entitled to attend and vote at the upcoming AGM is entitled to appoint a Proxy to attend, speak, and vote on their behalf. The company has clarified that a Proxy need not necessarily be a shareholder of the company itself.
For shareholders wishing to exercise their vote through proxy, a Form of Proxy has been enclosed with the official notice. Completed Forms of Proxy must be deposited at the Registered Office of the Company, P.O. Box 08, Nungamugoda, Kelaniya, no later than 10:00 a.m. on September 20, 2026. Detailed instructions regarding the completion and submission of the proxy form are provided in the official document to ensure validity.
The 32nd Annual General Meeting stands as a crucial event for Kelani Tyres PLC, offering shareholders a vital platform to engage with the company’s leadership, review its performance, and contribute to key decisions shaping its future trajectory in the Sri Lankan market.
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