COLOMBO, Sri Lanka – 31 August 2026 – Agarapatana Plantations PLC (CSE: AGPL) has announced its Thirty Fourth Annual General Meeting (AGM) to be held virtually on 25th September 2026, at 12:00 noon. The significant corporate event, detailed in a notice issued on 28th August 2026, will address crucial financial reports, director re-appointments, and other key corporate governance matters.
Virtual Platform to Facilitate Shareholder Participation
In line with modern practices and convenience, Agarapatana Plantations PLC will conduct its upcoming AGM as a virtual meeting. The proceedings will emanate from the offices of its Secretaries, Corporate Managers and Secretaries (Private) Limited, located at 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 01. This virtual format ensures broader participation for shareholders across Sri Lanka.
Shareholders are strongly encouraged to refer to the “Circular to Shareholders” dated 28th August 2026 for comprehensive instructions on joining the virtual meeting and participation protocols.
Key Resolutions on the Agenda
The notice outlines a comprehensive agenda for the 34th AGM, focusing on the company’s financial performance and strategic leadership. Shareholders will be called upon to consider and vote on the following resolutions:
- To receive and consider the Annual Report of the Board of Directors and the Statement of Accounts for the financial year ended 31st March 2026, along with the Auditor’s Report thereon. This is a fundamental resolution, offering insights into the company’s operational and financial health over the past year.
- The re-election of Mr. K.G. Punchihewa as a Director, who retires by rotation in accordance with Articles 92 and 93 of the company’s Articles of Association.
- Authorisation for the Board of Directors to determine contributions to charities, reflecting the company’s commitment to social responsibility.
- The re-appointment of Messrs. Ernst & Young, Chartered Accountants, as the company’s Auditors for the ensuing year, and to authorise the Directors to determine their remuneration.
Special Notices for Director Re-appointments
A notable aspect of this year’s AGM agenda involves special resolutions pertaining to the re-appointment of two veteran directors who have attained or exceeded the age of seventy years. Special notices have been received from shareholders intending to propose these resolutions:
- Mr. S.D.R. Arudpragasam: Shareholders will vote on the re-appointment of Mr. S.D.R. Arudpragasam, who is seventy-five years of age. The resolution specifically declares that the age limit of seventy years, as referred to in Section 210 of the Companies Act No. 7 of 2007, shall not apply to his re-appointment.
- Mr. S.S. Poholiyadde: Similarly, a resolution will be moved for the re-appointment of Mr. S.S. Poholiyadde, who has attained the age of seventy years. This resolution also seeks to bypass the age limit stipulated by Section 210 of the Companies Act No. 7 of 2007.
These special resolutions underscore the perceived value and experience these directors bring to the Agarapatana Plantations PLC board, requiring shareholder approval to continue their tenure beyond the statutory age limit.
Proxy Voting Encouraged
Given the virtual nature of the meeting, Agarapatana Plantations PLC has emphasized the importance of proxy voting. A Form of Proxy is enclosed with the notice for members entitled to attend and vote. Shareholders are encouraged to appoint a member of the Board of Directors to represent them and vote on their behalf. The completed instrument appointing a proxy must be deposited at the Registered Office of the Company’s Secretaries not less than forty-eight hours before the scheduled meeting time.
The upcoming 34th AGM is a pivotal event for Agarapatana Plantations PLC, setting the stage for its financial direction and leadership for the next year. Shareholders are advised to engage actively and cast their votes on these critical matters.
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