Colombo, Sri Lanka – 31 August 2026 – Kerner Haus Global Solutions PLC (CSE: KHG), a prominent entity on the Colombo Stock Exchange, has officially announced its Sixty Ninth (69th) Annual General Meeting (AGM). The crucial meeting is scheduled to be held by electronic means on Tuesday, 29 September 2026, at 10:30 a.m., with its central hub located at No.36, Hyde Park Corner, Colombo 2.
The announcement, made on 28 August 2026 by Company Secretary Waruni Shironika, outlines a comprehensive agenda, including routine annual business and a significant special resolution concerning the adoption of new Articles of Association.
Key Agenda Items: Ordinary Business
Shareholders will consider and approve several standard items during the ordinary business segment of the AGM:
- Receiving and considering the Annual Report of the Board of Directors on the company’s and its subsidiaries’ affairs, along with the Statement of Accounts for the year ended 31 March 2026, and the Auditors’ Report thereon.
- Re-election of Ms. S D Arseculeratne as a Director, who retires by rotation in accordance with Article 84 of the Articles of Association.
- Re-election of Mr. J T Yatawara as a Director, also retiring by rotation under Article 84.
- Re-appointment of Messrs Jayasinghe & Co., Chartered Accountants, as the Company’s Auditors until the conclusion of the next AGM, with authorisation for the Directors to fix their remuneration.
- Authorising the Board of Directors to determine donations for the year ending 31 March 2027 and up to the date of the subsequent Annual General Meeting.
- Consideration of any other business for which due notice has been given.
Special Business: Adoption of New Articles of Association
The highlight of the 69th AGM is the proposed Special Resolution for the adoption of entirely new Articles of Association for Kerner Haus Global Solutions PLC. This significant move aims to revoke the existing Articles in their entirety and substitute them with a modernised framework designed to better align with the company’s strategic vision and current corporate governance best practices.
The draft New Articles of Association, annexed to the AGM notice, reveal a clear strategic direction for Kerner Haus Global Solutions PLC. Notably, the revised objects of the company articulate a focus on revolutionising Sri Lanka’s commercial real estate sector. The company aims to offer high-quality, purpose-developed office spaces integrated with comprehensive shared business services, specifically targeting the rapidly growing Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), and International SMEs looking to establish or expand in Sri Lanka.
Furthermore, the new Articles empower the company to leverage opportunities in distressed commercial real estate, acquiring and developing such properties to meet the exacting standards of international outsourcing operations. This signals a concerted effort to become a premier provider of integrated, high-quality office infrastructure, fostering the growth and operational excellence of outsourcing businesses in the country.
The proposed Articles also cover detailed provisions regarding shares, stated capital (currently Rs. 30,358,500/- with 42,011,900 ordinary voting shares), share transfers, distributions, and procedures for shareholder and board meetings, including modern methods of conducting meetings electronically or as hybrids.
Information for Shareholders
Shareholders entitled to attend and vote at the meeting are permitted to appoint a proxy to attend and vote on their behalf. A proxy need not be a shareholder of the company. The Form of Proxy is enclosed with the official notice for this purpose.
The electronic format of the meeting underscores the company’s adaptability to modern practices, ensuring broader participation while maintaining necessary safety protocols.
This AGM is set to be a pivotal event for Kerner Haus Global Solutions PLC, as the adoption of the new Articles of Association could redefine its operational and strategic framework, particularly in its ambitious push into the BPO, KPO, and SME commercial real estate market.
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