Colombo, Sri Lanka – 03 September 2026
Maharaja Foods PLC (CSE: MFP), a prominent entity on the Colombo Stock Exchange, has issued an addendum to its previously announced Final Scrip Dividend for the financial year ended 31st March 2026. The clarification, released on 2nd September 2026, details the necessary steps for shareholder approval of the proposed scrip dividend.
The addendum, communicated by Chart Business Systems (Private) Limited, Company Secretaries to Maharaja Foods PLC, specifically addresses the approval mechanism for converting the final dividend into a scrip dividend.
Shareholder Approval via EGM
According to the addendum, Maharaja Foods PLC will place an Ordinary Resolution before its shareholders for consideration and approval. This resolution is crucial for satisfying the final dividend in the form of a Scrip Dividend, meaning shareholders will receive new shares instead of cash.
The company has announced that an Extraordinary General Meeting (EGM) will be convened on 25th September 2026. This EGM is strategically scheduled to be held immediately following the conclusion of the Annual General Meeting (AGM) on the same day, ensuring efficient shareholder engagement.
Context of the Announcement
This addendum serves to provide further clarification to the original announcement regarding the proposed Final Scrip Dividend, which was initially released on 31st August 2026. While the approval process has been detailed, the company has affirmed that all other information contained within the original 31st August 2026 announcement remains unchanged.
For investors, a scrip dividend offers an opportunity to increase their shareholding in the company without additional cash outlay, while for the company, it allows for the retention of cash within the business for future growth initiatives or operational needs. The requirement for shareholder approval through an Ordinary Resolution underscores good corporate governance practices, ensuring that such significant financial decisions have the mandate of the company’s owners.
Shareholders of Maharaja Foods PLC are encouraged to review the addendum and the original announcement, and to participate in the upcoming EGM to cast their votes on this important resolution.
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