Colombo, Sri Lanka – 31 August 2026 – Ceylon Hotels Corporation PLC (CHC), a prominent entity in Sri Lanka’s hospitality sector, has officially announced that its 60th Annual General Meeting (AGM) will be held on Friday, 25th September 2026, at 3.30 p.m. In line with contemporary corporate practices and ensuring broad participation, the meeting will be conducted virtually via Audio/Video Technology, with the assembly point at the Corporate Office located at No.327, Union Place, Colombo 2.
The announcement, made today, details the comprehensive agenda set forth for shareholders, covering key financial disclosures, directorial appointments, and other essential corporate governance matters. This virtual format allows shareholders from across the island and beyond to participate in the critical decision-making processes of the company.
Key Agenda Items for the 60th AGM
Shareholders will be presented with several crucial items for consideration and adoption during the upcoming AGM. The agenda is designed to ensure transparency and accountability in the company’s operations:
- To receive, consider, and adopt the Annual Report of the Board of Directors on the company’s affairs, the Audited Accounts for the financial year ended 31st March 2026, and the Auditors’ Report thereon.
- The re-election of Mr. Priyantha Maddumage, who retires by rotation in accordance with Articles 30(1), 30(2), and 30(3) of the Articles of Association.
- The re-election of Mr. Ajith Devasurendra, who also retires by rotation under Articles 30(1), 30(2), and 30(3) of the Articles of Association.
- A special resolution for the re-appointment of Mr. Mangala Boyagoda as a Director of the Company. Given that Mr. Boyagoda has reached 75 years of age, the resolution will seek to override the age limit stipulated in Section 210 of the Companies Act, No.07 of 2007, allowing his re-appointment from the conclusion of this AGM until the next.
- The re-appointment of Messrs. KPMG, Chartered Accountants, as the retiring Auditors for the ensuing Financial Year, with authorization for the Directors to fix their remuneration.
- Authorization for the Directors to determine donations for the 2026/2027 financial year and up to the date of the next Annual General Meeting.
- To transact any other business that may properly be brought before the meeting.
Emphasis on Director Re-appointments
A notable aspect of the upcoming AGM is the re-appointment of directors. The re-election of Mr. Priyantha Maddumage and Mr. Ajith Devasurendra underscores the company’s commitment to maintaining experienced leadership. Furthermore, the proposed re-appointment of Mr. Mangala Boyagoda, who is over seventy years of age, highlights the Board’s desire to retain his expertise and insights. This requires a special resolution by shareholders, affirming their confidence in his continued contribution to Ceylon Hotels Corporation PLC.
Shareholder Participation and Proxy Information
Only registered shareholders of Ceylon Hotels Corporation PLC as of the AGM date are entitled to attend and vote. To facilitate smooth virtual participation, shareholders are required to complete and submit a pre-registration form. This ensures proper identification and access to the virtual meeting platform.
Shareholders unable to attend personally are entitled to appoint a proxy to attend and vote on their behalf. A proxy need not be a member of the company. Both the pre-registration form and the form of proxy must be completed and deposited at Deloitte Corporate Services (Private) Limited, No.100, Braybrooke Place, Colombo 02, or submitted via e-mail to eselvarajah@deloitte.com, at least 48 hours before the scheduled meeting. Further detailed instructions on participating virtually will be provided to shareholders via a supplementary notice.
This 60th Annual General Meeting is a vital event for Ceylon Hotels Corporation PLC, offering shareholders a crucial platform to engage with the company’s leadership and contribute to its future trajectory within Sri Lanka’s dynamic tourism and hospitality landscape.
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