Colombo, Sri Lanka – 07 September 2026 – Abans Finance PLC (CSE: AFSL) has announced that its Twentieth Annual General Meeting (AGM) will be held as a fully virtual event on Monday, 28th September 2026, commencing at 10.00 a.m. The announcement, dated 4th September 2026, outlines the key agenda items and detailed procedures for shareholder participation, emphasizing adherence to virtual meeting guidelines issued by the Colombo Stock Exchange (CSE).
Key Resolutions on the Agenda
Shareholders of Abans Finance PLC are invited to deliberate on several important matters, as detailed in the Notice of Meeting:
- To receive and adopt the Report of the Directors, the Audited Financial Statements of the Company for the financial year ended 31st March 2026, and the Report of the Auditors thereon. This includes a comprehensive review of the company’s performance and financial health over the past year.
- To re-appoint Messrs. KPMG Chartered Accountants as the Auditors for the ensuing year and to authorize the Directors to determine their remuneration.
- To be informed of the non-compliance with the Minimum Public Holding Requirement, as per Rule No. 7.6.iv (a) of the listing rules of the CSE, and to discuss the adopted or proposed remedial actions. This is a crucial point for investors monitoring the company’s regulatory compliance and market liquidity.
- To authorize the Board of Directors to determine contributions to charities and other donations for the financial year ended 31st March 2026.
Virtual Participation and Registration Process
In line with current best practices and CSE guidelines for corporate governance, Abans Finance PLC’s 20th AGM will be conducted entirely through an online meeting platform. Shareholders and proxy holders intending to participate virtually must follow a structured registration process:
- Platform Requirement: Participants are required to download the “Zoom Mobile App” or “Zoom Desktop App” (for smart devices or laptops/desktops respectively) prior to the meeting.
- Registration Form Submission: Shareholders or their proxies must complete and sign the REGISTRATION FORM and deliver it to the Company Secretary’s office at No. 456, R. A. De Mel Mawatha, Colombo 03, or email it to priyadharshini@abansfinance.lk by 10.00 a.m. on 26th September 2026. If a proxy is appointed, the duly completed and signed FORM OF PROXY must accompany the registration form.
- Verification and Confirmation: The Company will verify all registration requests. Accepted participants will receive an email confirmation. A further email, including a “Virtual AGM Registration” web link, will be sent 24 hours prior to the meeting.
- Online Login: Participants will use the provided web link to complete an online registration, entering their first name, last name, email address, and NIC No./Passport No./Co. Reg. No. Mismatched details will result in an unsuccessful login.
- Accessing the Meeting: After successful online registration, participants will receive a log-in link and credentials to join the “Virtual Meeting.” It is recommended to join at least ten minutes before the scheduled start, with the platform active 30 minutes prior.
Proxy Appointment and Voting Procedures
Shareholders unable to attend the virtual AGM are entitled to appoint a proxy, who need not be a member, to attend and vote on their behalf. The completed Form of Proxy must be deposited at the Company Secretary’s office or emailed to priyadharshini@abansfinance.lk not less than 48 hours before the time fixed for the meeting.
During the virtual meeting, shareholders and proxy holders can submit questions or concerns via the Q&A tab or the Hand Raise icon. A separate link will be provided to eligible voters for casting their votes on all resolutions. Shareholders will be allocated 60 seconds to vote on each resolution, with results processed and announced by the Chairman 30 seconds thereafter.
Access to Annual Report and Related Documents
In adherence to CSE Circular 04/2022, Abans Finance PLC will not be circulating the Annual Report for the Financial Year 2025/2026 in printed form. Shareholders can access the Annual Report via a QR Code provided with the announcement, on the CSE website (www.cse.lk/company-profile?symbol=AFSL.N0000), and on the Company’s corporate website. The Notice of Meeting, Form of Proxy, and guidelines for the virtual AGM are also available on these digital platforms.
For assistance in accessing digital documents or any queries related to the AGM, shareholders may contact Mr. Dushan Suresh at 011-2208888 (ext: 413, 415) between 9:00 a.m. and 5:00 p.m. on working days.
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