Colombo, Sri Lanka – 28 August 2026 – Sarvodaya Development Finance PLC (SDF) has announced a significant disclosure regarding dealings by one of its directors, Mr. Senthil Nandhanan Senthilverl. The Non-Executive, Non-Independent Director has cumulatively acquired 153,657 ordinary voting shares in the company through open market purchases on the Colombo Stock Exchange (CSE).
Director’s Share Acquisitions Detailed
The disclosure, made in compliance with Section 7.8 of the Listing Rules of the Colombo Stock Exchange and Section 200 of the Companies Act No. 7 of 2007 (as amended), outlines two distinct transactions. Mr. Senthilverl, through a slash account held with Sampath Bank PLC/Senthilverl Holdings (Pvt) Ltd, completed the following purchases:
- On 21st August 2026, Mr. Senthilverl purchased 35,097 shares of Sarvodaya Development Finance PLC at a price of LKR 39.00 per share.
- Subsequently, on 24th August 2026, an additional 118,560 shares were acquired, also at a price of LKR 39.00 per share. This transaction was disclosed to the Board on 25th August 2026.
These transactions collectively represent an investment of approximately LKR 5.99 million, demonstrating a strengthened relevant interest by Mr. Senthilverl in the company, as defined by Section 198(1)(c) and (e) of the Companies Act.
Market Implications and Regulatory Compliance
Director dealings are closely watched by investors as they can often signal confidence in a company’s future prospects. The acquisition by a non-executive director like Mr. Senthilverl typically underscores an belief in the company’s valuation or long-term strategy. Sarvodaya Development Finance PLC’s prompt disclosure of these transactions ensures transparency and adherence to regulatory standards set by the CSE and the Companies Act.
Sarvodaya Development Finance PLC is a licensed financial institution regulated by the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011. The company plays a vital role in Sri Lanka’s financial sector, focusing on development finance initiatives.
This announcement provides valuable insight into director sentiment and compliance within the Sri Lankan capital market.
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