Colombo, 03 September 2026 – Sarvodaya Development Finance PLC (SDF) has officially disclosed details of a share purchase by one of its Non-Executive, Non-Independent Directors, Mr. Senthil Nandhanan Senthilverl. The announcement, made today to the Colombo Stock Exchange (CSE), reaffirms the company’s commitment to regulatory transparency and adherence to listing rules.
Transaction Details Unveiled
The disclosure, filed under Section 7.8 of the CSE Listing Rules and Section 200 of the Companies Act No. 7 of 2007 (as amended), pertains to a transaction that took place on 01st September 2026. Mr. Senthilverl acquired a total of 13,061 shares in Sarvodaya Development Finance PLC through a slash account linked to Sampath Bank PLC/Senthilverl Holdings (Pvt) Ltd.
The share purchases were executed in two distinct blocks:
- 167 shares were purchased at a price of LKR 38.40 per share.
- An additional 12,894 shares were acquired at LKR 38.50 per share.
This transaction creates a relevant interest for Mr. Senthilverl in terms of sections 198(1)(c) and (e) of the Companies Act No. 7 of 2007, signalling an increase in his stake within the finance company.
Regulatory Compliance and Transparency
The prompt disclosure by Sarvodaya Development Finance PLC underscores the importance of corporate governance and adherence to stringent regulatory frameworks set by the Colombo Stock Exchange and Sri Lankan company law. Such filings are crucial for maintaining market integrity and providing investors with timely and accurate information regarding significant dealings by company directors.
The Chief Regulatory Officer of the Colombo Stock Exchange was formally informed of this transaction by Ms. Yashani Wasana, Company Secretary of Sarvodaya Development Finance PLC, ensuring full compliance with disclosure obligations.
Sarvodaya Development Finance PLC: A Snapshot
Sarvodaya Development Finance PLC is a licensed finance company regulated by the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011. The institution plays a vital role in Sri Lanka’s financial sector, offering a range of financial services with a focus on sustainable development.
This director share purchase reflects ongoing activity within the Sri Lankan stock market, providing valuable insights into internal confidence and investment decisions by key corporate figures.
Source: Read original document
