Colombo, Sri Lanka – August 26, 2026 – Serendib Hotels PLC, a key entity within Sri Lanka’s vibrant hospitality industry, has formally announced the convening of its Fifty Eighth Annual General Meeting (AGM). The notice, dated August 25, 2026, informs shareholders that the pivotal meeting will take place on Wednesday, 23rd September 2026, at 11:00 a.m., as an online audio-visual event. Arrangements for the virtual platform will be facilitated at the company’s registered office located at No. 100/1, Sri Jayawardenapura Mawatha, Rajagiriya.
The upcoming Annual General Meeting is set to address a comprehensive agenda, offering shareholders an opportunity to engage with the company’s performance and strategic direction for the fiscal year ended 31 March 2026.
Key Resolutions on the Agenda
Shareholders attending the Serendib Hotels PLC AGM will consider and vote on several crucial matters, including:
- To receive and consider the Report of the Directors and the Statement of Accounts for the year ended 31 March 2026, alongside the Report of the Auditors thereon.
- The re-election of several directors who retire by rotation. This includes Mrs. K U Amarasinghe, Mr. W D K Jayawardena, and Mr. W R Williams, all retiring in terms of Article 85 of the Articles of Association.
- The re-election of Independent Directors Mr. J Selvaratnam (retiring under Article 73), Dr. J M Swaminathan, and Mr. T Dharmarajah (both retiring in terms of Section 210 of the Companies Act No. 7 of 2007).
- The re-appointment of M/s Deloitte Partners as the company’s auditors for the ensuing year, with their remuneration to be agreed upon by the Directors.
- The approval, in terms of the Companies Act No. 26 of 1951 (Donations), for the Directors to make donations as determined by them for the current financial year and until the next Annual General Meeting of the Company.
Shareholder Participation and Proxy Information
Recognizing the virtual format, Serendib Hotels PLC has outlined clear procedures for shareholder participation. Shareholders unable to attend the online meeting may appoint a proxy to represent them and vote on their behalf. The proxy form details the process for designating a representative, including alternative nominations such as Mr. Waduthantri Dharshan Kapila Jayawardena and Mrs. Kalsha Upekha Amarasinghe, among others.
For a proxy to be valid, the completed Form of Proxy must be submitted either by post or hand delivery to the registered office of the Company at 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, or scanned and emailed to corporateservices@lolc.com with the subject “SERENDIB AGM PROXY”. Submissions must be made not less than 48 hours before the scheduled time of the meeting.
This Annual General Meeting marks an important event for Serendib Hotels PLC, offering its shareholder base a comprehensive overview of the company’s financial health and governance structure as it continues to navigate the dynamic Sri Lankan hospitality landscape.
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