Colombo, 02 September 2026 – Mahaweli Reach Hotels PLC (CSE: MRH) has announced its 52nd Annual General Meeting (AGM), set to take place on Monday, 28th September 2026, at 11:00 a.m. The pivotal meeting for shareholders will be conducted as a hybrid event, combining physical attendance at the company’s registered office in Kandy with an online participation option.
The announcement, made today, outlines a comprehensive agenda for the upcoming AGM, which is crucial for reviewing the company’s performance and making key corporate governance decisions. The physical component of the meeting will be held at No. 35, P.B.A. Weerakoon Mawatha, Kandy, Sri Lanka.
Key Agenda Items for the 52nd AGM
Shareholders of Mahaweli Reach Hotels PLC will deliberate on several important matters during the 52nd AGM, including:
- Financial Review: Receiving and adopting the Annual Report of the Board of Directors and the Financial Statements for the year ended 31st March 2026, along with the independent Auditors’ report thereon.
- Director Re-elections: The re-election of Mr. Ahmed Maumoon and Mr. Mestiyage Don Mevan Gunathileke, both of whom retire by rotation in accordance with the company’s Articles of Association.
- Director Re-appointments: The re-appointment of Ms. S. M. A. Nonis Ranaweera and Ms. E. W. M. R. Samindhi Unamboowe, who were appointed to the Board since the last AGM and retire in terms of Article 97 of the Articles of Association.
- Special Resolutions for Senior Directors: Special resolutions are slated for the re-appointment of Mr. J. A. Panabokke (71 years) and Mr. A. U. Maniku (over seventy years). Both directors are above the age limit stipulated in Section 210 of the Companies Act, No. 07 of 2007. The proposed resolutions seek to waive this age limit, allowing their re-appointment for a further period of one year.
- Auditor Re-appointment: The re-appointment of Messrs. Bakertilly Edirisinghe & Co., Chartered Accountants, as the company’s Auditors for the ensuing year, with authorization for the Directors to determine their remuneration.
- Charitable Contributions: Authorizing the Board of Directors to determine contributions to charities and other donations.
Hybrid Meeting Facilitates Wider Shareholder Participation
In line with modern corporate practices and ensuring wider accessibility, Mahaweli Reach Hotels PLC has opted for a hybrid meeting format. This allows shareholders to participate either physically or virtually, promoting greater engagement and convenience.
Shareholders intending to participate virtually are required to complete and forward a “Registration Form (Annexure 1)” as explained in the detailed “Procedure to be followed at the Annual General Meeting.” The deadline for submitting the completed Registration Form and Proxy Form (Annexure II), if appointing a proxy, is 11:00 a.m. on 26th September 2026. These documents can be submitted via email to sonali@mahaweli.com, or by hand or post to the company’s registered office in Kandy.
Access to AGM Documents
The full Notice of Meeting, along with all connected documents pertaining to the AGM, including the Annual Report and the procedure for online participation, will be available to shareholders. These documents can be accessed on the Colombo Stock Exchange (CSE) website (www.cse.lk) and directly on the company’s investor relations page at www.mahaweli.com/investor-relations/.
Mahaweli Reach Hotels PLC encourages all shareholders to review the full content of the notice and related documents to be well-informed before the meeting. The company emphasizes the importance of shareholder participation in its corporate governance process.
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