Colombo, Sri Lanka – August 31, 2026 – ACL Cables PLC (CSE: ACL), a leading name in Sri Lanka’s electrical cable industry, has officially announced its Sixty-Fourth Annual General Meeting (AGM), set to take place on Wednesday, September 30, 2026. The crucial gathering for shareholders will commence at 11:45 a.m. at the company’s Auditorium, located at No. 60, Rodney Street, Colombo 08.
The AGM serves as a vital platform for shareholders to review the company’s performance, make key governance decisions, and engage with the leadership team. The notice, issued today by Corporate Affairs (Private) Limited, the company’s secretaries, outlines a comprehensive agenda focusing on financial oversight, board composition, and corporate authorizations.
Key Resolutions on the Agenda
The forthcoming AGM will address several significant matters, providing shareholders with the opportunity to shape the company’s future direction:
- Financial Review: Shareholders will be presented with the Directors’ Report and the Statement of Accounts for the financial year ended March 31, 2026, along with the Auditors’ Report for adoption.
- Director Re-elections: The meeting will consider the re-election of several directors who retire by rotation or in terms of the company’s Articles of Association. These include Mrs. N. C. Madanayake, Dr. Sivakumar Selliah, and Mr. Nissanka Bandara Weerasekera. Additionally, Mr. Esala Ruwan Weerakoon, who was appointed as a Director, will also seek re-election.
- Special Resolutions on Director Age Limits: Of particular note are the ordinary resolutions proposed regarding the re-appointment of directors who have surpassed the age of 70 years. Shareholders will vote on the re-appointment of Mr. U. G. Madanayake (who passed 70 in May 2006), Mrs. N. C. Madanayake (who passed 70 in August 2013), and Mr. Daya Wahalatantiri (who passed 70 in January 2019). These resolutions seek to ensure that the age limit stipulated in Section 210 of the Companies Act No. 07 of 2007 does not apply to their continued directorships.
- Auditor Re-appointment: Shareholders will vote on the re-appointment of Messrs. Deloitte Partners, Chartered Accountants, as the company’s auditors and authorize the Directors to determine their remuneration.
- Charitable Donations: A resolution will be proposed to authorize the Directors to determine donations to charities, reflecting the company’s commitment to corporate social responsibility.
Information for Shareholders
ACL Cables PLC has also provided important instructions for its shareholders regarding participation in the AGM:
- Proxy Voting: Shareholders unable to attend in person are entitled to appoint a proxy to attend and vote on their behalf. A Form of Proxy is attached to the Annual Report for this purpose. The instrument appointing a proxy must be deposited at the Registered Office of ACL Cables PLC, No. 60, Rodney Street, Colombo 08, not less than forty-eight (48) hours before the time appointed for the meeting. It is important to note that a proxy need not be a shareholder of the company.
- Attendance: Shareholders attending the meeting are kindly requested to hand over their duly perfected and signed Attendance Slips at the registration counter.
The 64th AGM is a crucial event for ACL Cables PLC as it will shape the company’s leadership and governance for the upcoming financial year. Shareholders are encouraged to review the Annual Report and the Notice of Meeting diligently to make informed decisions.
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