Colombo, Sri Lanka – August 31, 2026 – Kotagala Plantations PLC (Company No. PQ 174) has announced that its Thirty Third Annual General Meeting (AGM) will be held on Friday, 25th September 2026, at 10:00 a.m. The meeting will be conducted virtually from 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 01, allowing shareholders to participate remotely.
The notice, issued by Corporate Managers and Secretaries (Private) Ltd. on August 28, 2026, outlines a comprehensive agenda for the upcoming AGM, addressing key financial reports, director appointments, auditor re-appointments, and a significant amendment to the company’s Articles of Association.
Key Agenda Items for the 33rd AGM
Shareholders will be presented with several crucial resolutions for their consideration and approval. The agenda includes:
- Annual Report and Financial Statements: Receiving and considering the Annual Report of the Board of Directors and the Audited Statement of Accounts for the financial year ended 31st March 2026, along with the Auditors’ Report thereon.
- Director Re-elections: The re-election of Mr. K.G. Punchihewa as a Director, who retires in accordance with Articles 92 and 93 of the Articles of Association.
- Reappointment of Directors Over Seventy:
- The reappointment of Mr. S.D.R. Arudpragasam, who is over seventy years of age, as a Director. A special notice has been received from a shareholder proposing a resolution to waive the age limit referred to in Section 210 of the Companies Act No. 7 of 2007 for his reappointment.
- The reappointment of Mr. S.S. Poholiyadde, who has attained the age of seventy years, as a Director. Similar to Mr. Arudpragasam, a special notice has been received from a shareholder for a resolution to declare that the age limit under Section 210 of the Companies Act shall not apply to his reappointment.
- Charitable Contributions: Authorising the Directors to determine contributions to charities.
- Auditor Re-appointment: The re-appointment of KPMG, Chartered Accountants, as the company’s Auditors for the ensuing year, and authorising the Directors to determine their remuneration.
Special Resolution to Amend Articles of Association
A significant item under Special Business involves a proposal to amend the company’s Articles of Association. Shareholders will consider and, if thought fit, pass a Special Resolution to delete the existing Article 32 and substitute it with a new clause. The proposed Article 32 states: “The company shall not register more than three persons as joint holders (including the principal holder) of any shares, except in the case of executors, administrators, or heirs of a deceased member.” This amendment seeks to regulate the number of joint holders for shares.
Virtual Participation and Proxy Voting
As the AGM will be held virtually, Kotagala Plantations PLC encourages shareholders to participate by appointing a proxy to attend and vote on their behalf. Shareholders can appoint a member of the Board of Directors as their proxy. The instrument appointing a proxy must be deposited at the Registered Office of the Company’s Secretaries, Corporate Managers and Secretaries (Private) Limited at No.8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 01, not less than forty-eight hours before the scheduled meeting time. Further instructions regarding virtual participation and proxy submission are detailed in the “Circular to Shareholders” dated 28th August 2026.
The upcoming AGM marks a crucial event for Kotagala Plantations PLC, providing shareholders with an opportunity to review the company’s performance, approve key appointments, and vote on significant governance changes for the path ahead.
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