COLOMBO, 02 September 2026 – MYLAND DEVELOPMENTS PLC (CSE: MYLA) today announced that its Annual General Meeting (AGM) for the financial year ended 31 March 2026 will be held on Wednesday, 23 September 2026, commencing at 9:30 a.m. The meeting will be conducted primarily by electronic means, with a physical center established at No. 100/1, 2nd Floor, Elvitigala Mawatha, Colombo 8, Sri Lanka.
The announcement, made via the Colombo Stock Exchange (CSE) as a key corporate disclosure, outlines the critical agenda items that shareholders will consider during the virtual gathering. This move towards electronic meetings reflects the evolving landscape of corporate governance and aims to facilitate broader shareholder participation.
Key Business on the Agenda
The upcoming AGM will address several pivotal matters concerning the company’s operations and strategic direction. Shareholders will be presented with and asked to approve the following:
- The Annual Report of the Directors and the Financial Statement of the Company for the year ended 31 March 2026, along with the accompanying Report of the Auditors.
- The election of five directors who retire in terms of Article No. 111 of the Articles of Association. These include:
- Dr. K S Narangoda (Resolution 1)
- Mr. S L Sebastian (Resolution 2)
- Mr. M D J R Goonetilleke (Resolution 3)
- Dr. D R Dissabandara (Resolution 4)
- Ms. R D Fernando (Resolution 5)
- The re-appointment of M/s. Ernst & Young, Chartered Accountants, as the company’s auditors for the ensuing year and to authorize the Directors to determine their remuneration (Resolution 6).
- The authorization for the Directors to determine donations for the financial year 2026/2027 (Resolution 7).
Shareholder Participation and Proxy Information
MYLAND DEVELOPMENTS PLC has provided clear guidelines for shareholder engagement in the virtual AGM. Shareholders entitled to attend and vote at the meeting are encouraged to appoint a proxy to participate and vote on their behalf through electronic means. It is noteworthy that a proxy does not necessarily need to be a shareholder of the Company.
For shareholders unable to participate directly in the virtual proceedings, the company encourages the submission of a duly completed Form of Proxy, appointing the Chairman or any other Member of the Board to represent and vote on their behalf. The Form of Proxy has been enclosed with the official notice.
Further details regarding registration and participation guidelines for the Annual General Meeting are available on the Company’s official website and the CSE website. Shareholders are advised to review these documents to ensure smooth access and participation in the virtual meeting.
The notice, dated 28 August 2026 and issued by R. K. L. S. Corporate Services (Pvt) Ltd, Secretaries, underscores MYLAND DEVELOPMENTS PLC’s commitment to transparent corporate governance and active shareholder engagement.
Source: Read original document
