COLOMBO, SRI LANKA – 31 August 2026 – Lankem Developments PLC (CSE: LDPLC) has announced that its Fifty-First Annual General Meeting (AGM) will be held on 25th September 2026 at 11:15 a.m. The crucial corporate event, detailed in a notice released via the Colombo Stock Exchange (CSE) on 29th August 2026, will take place as a Virtual Meeting, hosted from its Registered Office at 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 1.
The upcoming AGM is a vital forum for shareholders to review the company’s performance, engage with the board, and make key decisions regarding its leadership and financial stewardship. It underlines Lankem Developments PLC’s commitment to corporate governance and transparency.
Agenda Highlights for the 51st AGM
Shareholders will consider and vote on several important resolutions. The primary objectives outlined in the notice include:
- Annual Report and Accounts: 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, alongside the Auditors’ Report.
- Director Re-election: The re-election of Mr. M. Kowdu K. Mohideen, who retires by rotation in accordance with the company’s Articles of Association.
- Director Re-appointments with Special Notice:
- The re-appointment of Mr. S.D.R. Arudpragasam, who is 75 years of age. A special notice has been received from a shareholder proposing his re-appointment, explicitly declaring that the age limit of seventy years, as referred to in Section 210 of the Companies Act No. 07 of 2007, shall not apply to him.
- The re-appointment of Mr. S.S. Poholiyadde, who has attained the age of seventy years. Similarly, a special notice from a shareholder has been received to propose his re-appointment, with a special declaration waiving the age limit provision of the Companies Act No. 07 of 2007.
- Auditor Re-appointment: To re-appoint KPMG, Chartered Accountants, as the company’s Auditors for the ensuing year and to authorise the Directors to determine their remuneration.
Shareholder Participation and Proxy Voting
In line with modern corporate practices and ensuring broad participation, the AGM will be conducted virtually. Shareholders are strongly encouraged to exercise their voting rights by proxy, by appointing a member of the Board of Directors to represent them and vote on their behalf. The company has enclosed a Form of Proxy with its Annual Report, advising members to complete it with their voting preferences and submit it to the Company Secretaries at 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 1, not less than forty-eight hours before the scheduled meeting time.
Further detailed instructions regarding the virtual meeting and participation guidelines are available in the “Circular to Shareholders” dated 28th August 2026. This document will provide comprehensive information on how shareholders can join and participate effectively in the virtual proceedings.
The 2026 AGM of Lankem Developments PLC is a key event for investors to gain insights into the company’s strategic direction and financial health, as well as to play an active role in its corporate governance decisions, particularly concerning the experienced leadership of its board.
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