Colombo, Sri Lanka – August 29, 2026 – Gestetner of Ceylon PLC (CSE: GEST) has announced its Sixty-Second (62nd) Annual General Meeting (AGM) to be held on Monday, 21st September 2026, at 09:30 a.m. The pivotal gathering for shareholders will take place at 270, Dr. N.M Perera Mawatha, Colombo 08, where key financial performance for the past year and strategic board decisions will be deliberated.
The announcement, made via the Colombo Stock Exchange (CSE) on 28th August 2026, outlines a comprehensive agenda for the upcoming meeting, highlighting the company’s commitment to transparency and shareholder engagement.
Key Agendas for the 62nd AGM
Shareholders will be presented with several critical items for consideration and approval:
- Financial Performance Review: The Audited Financial Statements for the financial year ended 31st March 2026, along with the Auditors’ Report and the Annual Report for the said year, will be presented for review and approval.
- Dividend Declaration: The Board of Directors has recommended a First and Final Dividend of Rs. 3.90 per share for the financial year ended 31st March 2026, which will be put forward for shareholder approval. This move underscores the company’s financial health and commitment to delivering shareholder value.
- Board of Directors’ Elections and Re-appointments:
- Ms. Yi Ting Wong and Ms. Wing Pui Lo, Directors, will retire in terms of Article 92 of the Articles of Association and will stand for re-election.
- Re-appointment of Senior Directors: The meeting will address the re-appointment of two distinguished Directors, Mr. Kiah Meng Lim (73 years of age) and Mr. Albert Rasakantha Rasiah (80 years of age). Both directors vacate their offices in terms of Section 210 of the Companies Act, No. 7 of 2007. Ordinary Resolutions will be proposed in compliance with Section 211 of the Companies Act, declaring that the age limit of 70 years referred to in Section 210 shall not apply to them, thereby enabling their continued invaluable service to the company.
- Authorisation for Donations: Shareholders will be asked to authorise the Directors to determine and make donations for the upcoming period.
- Auditors’ Re-appointment: Messrs BDO Partners, Chartered Accountants, the retiring Auditors, will be proposed for re-appointment to hold office until the conclusion of the next Annual General Meeting. Directors will also be authorised to determine their remuneration.
Important Information for Shareholders
In accordance with standard corporate governance practices, shareholders entitled to attend and vote at the AGM are also entitled to appoint a proxy to attend and vote in their stead. A proxy need not be a member of the company. Shareholders are reminded that the completed form of proxy must be deposited at the registered office of the company at No. 248, Vauxhall Street, Colombo 02, not less than 48 hours before the time fixed for the meeting.
The Notice of Meeting, issued by Jacey & Company, Secretaries, on 20th August 2026, signals a crucial meeting for Gestetner of Ceylon PLC, as it looks to affirm its strategic direction and continue its journey of growth and value creation for its stakeholders.
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