Colombo, Sri Lanka – 28 August 2026 – Tangerine Beach Hotels PLC has officially announced that its 46th Annual General Meeting (AGM) for the financial year 2025/26 will convene on Wednesday, September 30th, 2026, at 11:45 a.m. The meeting is set to be held virtually, with its assembly point at 236, Galle Road, Colombo 3, as shareholders prepare to review the company’s performance and make crucial corporate decisions.
The announcement, made today, outlines a comprehensive agenda for the upcoming AGM, reflecting the company’s commitment to transparent corporate governance and shareholder engagement. Shareholders will have the opportunity to participate virtually and are encouraged to appoint a proxy if unable to attend.
Key Business to be Transacted at the AGM
The 46th AGM will address several pivotal matters, shaping the future direction and leadership of Tangerine Beach Hotels PLC. The agenda includes:
- Financial Review: Shareholders will receive and adopt the Report of the Directors and the Audited Statement of Accounts for the financial year ended March 31, 2026, along with the Auditors’ Report.
- Director Re-elections:
- Mr. P S R Casie Chitty will be proposed for re-election, retiring in terms of Article 88(i) of the Company’s Articles of Association.
- Mr. G G Ondaatjie will also be proposed for re-election under the same Article 88(i).
- New Director Appointment and Special Resolution: A notable item on the agenda is the election of Mrs. C A Ondaatjie. In terms of Section 211 of the Companies Act No. 07 of 2007, a special notice has been received for an ordinary resolution concerning her appointment. This resolution seeks to bypass the age limit of 70 years, as referred to in Section 210 of the Companies Act, for Mrs. Christabel Angela Ondaatjie, who is 85 years of age. Her appointment as a Director is subject to shareholder approval, notwithstanding the provisions of the said Section 210.
- Auditor Re-appointment: Messrs. Ernst & Young are deemed to be re-appointed as Auditors of the Company in terms of Section 158 of the Companies Act No. 7 of 2007. The Directors will be authorized to determine their remuneration for the ensuing year.
- Charitable Authorisation: Directors will seek authorization to determine payments for charitable and other purposes for the financial year 2026/27.
The Board has emphasized the virtual nature of the meeting, ensuring accessibility for all shareholders. A Form of Proxy has been enclosed with the Report for shareholders who cannot attend, requesting them to complete and return it in due time. Further information on virtual participation will be provided through a supplementary notice to shareholders.
This AGM marks an important juncture for Tangerine Beach Hotels PLC as it reviews its past year’s performance and sets its strategic direction for the future, particularly with key board appointments and financial endorsements on the horizon. The company, a prominent name in Sri Lanka’s hospitality sector, continues to uphold its corporate responsibilities through these annual engagements with its shareholders.
Source: Read original document
