COLOMBO, Sri Lanka – 04 September 2026 – Hikkaduwa Beach Resort PLC (CSE: HIKK) has announced that its Fifteenth (15th) Annual General Meeting (AGM) will be convened on Thursday, September 24, 2026, at 10:20 AM. The crucial shareholder gathering is set to take place at the Sri Lanka Foundation, Lecture Hall No. 03, No. 100, Padanam Mawatha, Independence Square, Colombo 07. This announcement, made via a Colombo Stock Exchange (CSE) filing, provides essential details for shareholders ahead of the significant corporate event.
Key Agenda Items for the 2025/26 AGM
The upcoming AGM will address a comprehensive agenda, encompassing both ordinary and special business items, critical for the company’s governance and future direction. Shareholders will have the opportunity to review the company’s performance and make key decisions.
Ordinary Business:
- Annual Report and Financial Statements: Shareholders will receive and consider the Annual Report of the Board of Directors on the affairs of the Company and its subsidiary, alongside the audited Financial Statements for the financial year ended 31 March 2026. The report of the Auditors thereon will also be presented.
- Director Re-election: Mr. Sharvajana Anandaraj Ameresekere, a Director who retires by rotation in terms of Articles 88 and 89 of the Articles of Association, will be put forward for re-election.
- Auditor Re-appointment: The meeting will consider the re-appointment of the retiring Auditors, Messrs Ernst & Young, Chartered Accountants, and authorize the Directors to determine their remuneration for the ensuing year.
- Donations Authority: Directors will seek authorization to determine donations for the year ending 31 March 2027 and up to the date of the next Annual General Meeting.
Special Business:
A notable item under special business involves a proposed amendment to the company’s Articles of Association. Shareholders will be asked to consider and, if thought fit, pass a Special Resolution:
- Amendment to Articles of Association (Alternate Directors): The proposed amendment aims to include a new sub-article, Article 121(iv), under the existing heading, ‘Alternate Directors’. This new clause will stipulate that: “The appointment of an Alternate Director shall be subject to the approval of the Board.” This move underscores a strengthening of corporate governance in the appointment process of alternate directors.
Shareholder Participation and Proxy Information
Hikkaduwa Beach Resort PLC encourages active participation from its shareholders. In line with corporate regulations, a shareholder entitled to attend and vote at the meeting is also entitled to appoint a proxy to attend, speak, and vote on their behalf. Importantly, a proxy need not be a shareholder of the company. A Form of Proxy has been enclosed with the formal notice for this purpose, facilitated by P W Corporate Secretarial (Pvt) Ltd, the company’s secretaries.
The comprehensive notice, originally dated 28 August 2026, serves as a crucial communication for investors tracking Hikkaduwa Beach Resort PLC’s corporate developments and financial performance on the Colombo Stock Exchange.
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