Colombo, Sri Lanka – 28 August 2026 – The Nuwara Eliya Hotels Company PLC (CSE: GHN) has announced that its 134th Annual General Meeting (AGM) for the financial year 2025/26 will be held virtually on Wednesday, September 30, 2026, at 11:00 a.m. The meeting will be assembled at 236, Galle Road, Colombo 3, marking a significant event for shareholders to engage with the company’s performance and future direction.
The announcement, made via the Colombo Stock Exchange (CSE) on August 28, 2026, outlines a comprehensive agenda focusing on financial stewardship, director appointments, and corporate governance for the esteemed hospitality entity.
Key Business Items for Shareholder Deliberation
Shareholders of The Nuwara Eliya Hotels Company PLC are called upon to transact several crucial business items during the upcoming virtual AGM. The agenda reflects standard corporate governance practices alongside specific resolutions pertinent to the company’s board composition.
- Financial Review: Members will receive and adopt the Report of the Directors and the Audited Statement of Accounts for the year ended March 31, 2026, along with the Auditors’ Report thereon. This is a crucial segment for shareholders to assess the company’s financial health and operational performance over the past year.
- Director Elections:
- Ms. A M Ondaatjie, who retires in terms of Article 88(i) of the Articles of Association, is proposed for re-election as a Director of the Company.
- Mr. M K K K B Galagoda, also retiring in terms of Article 88(i) of the Articles of Association, is proposed for re-election as a Director of the Company.
- Special Resolution for Mr. J H P Ratnayeke: In a notable agenda item, Mr. J H P Ratnayeke (76 years of age) is proposed for election as a Director. This requires a special resolution to waive the age limit of 70 years, as referred to in Section 210 of the Companies Act No. 07 of 2007. The Company has received special notice of intention to pass an ordinary resolution affirming his appointment despite exceeding the statutory age limit, in accordance with Section 211 of the Companies Act.
- 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 upcoming year.
- Charitable & Other Payments: Directors will seek authorization to determine payments for charitable and other purposes for the financial year 2026/27.
Participation and Proxy Information
As a virtual meeting, The Nuwara Eliya Hotels Company PLC encourages all eligible shareholders to participate. Any member entitled to attend and vote at the meeting is also entitled to appoint a proxy (whether a member or not) to attend and vote on their behalf. A form of proxy is enclosed with the annual report for this purpose, and shareholders unable to attend virtually are requested to complete and return the form in due time, adhering to the instructions provided.
For detailed information on how to participate virtually, shareholders are advised to refer to the supplementary notice that will be issued by the company. The Annual Report 2025/2026, containing comprehensive details of the company’s operations and financial statements, is available to shareholders.
The Nuwara Eliya Hotels Company PLC, through its secretaries Mercantile Investments and Finance PLC, looks forward to productive engagement with its shareholders at this pivotal annual gathering, reinforcing its commitment to transparency and robust corporate governance.
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