Colombo, 07 September 2026 – Kotagala Plantations PLC (Company No. PQ 174) has announced an Extraordinary General Meeting (EGM) to consider and approve a significant amalgamation with Rubber & Allied Products (Colombo) Ltd. The pivotal meeting is scheduled to take place virtually on 30th September 2026, at 11:45 a.m.
The announcement, made via a notice dated 3rd September 2026 and published on the Colombo Stock Exchange (CSE) portal on 4th September 2026, outlines a special resolution put forth to shareholders regarding the proposed merger.
Key Details of the Extraordinary General Meeting
Shareholders of Kotagala Plantations PLC are called upon to participate in this crucial virtual meeting. The details are as follows:
- Date: 30th September 2026
- Time: 11:45 a.m.
- Format: Virtual Meeting
- Venue (for virtual meeting purposes): 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo 01
The Amalgamation Proposal
The core agenda of the EGM is to consider and pass a Special Resolution for the amalgamation of Rubber & Allied Products (Colombo) Ltd with Kotagala Plantations PLC. The resolution, as detailed in the EGM notice, states:
“that Rubber & Allied Products (Colombo) Ltd do amalgamate with Kotagala Plantations PLC in terms of Sections 240 & 241 of the Companies Act, No.7 of 2007 as per the Amalgamation Proposal marked as Annex “A” attached to the Circular to Shareholders dated 3rd September 2026, to continue as one Company and that the Company to so continue shall be Kotagala Plantations PLC.”
This move signifies a strategic consolidation, where Kotagala Plantations PLC will emerge as the continuing entity following the merger, absorbing Rubber & Allied Products (Colombo) Ltd.
Implications and Shareholder Information
The proposed amalgamation, conducted under Sections 240 & 241 of the Companies Act, No.7 of 2007, aims to streamline operations and potentially enhance the combined entity’s market position and operational efficiencies within the plantations sector.
Shareholders are reminded of their rights concerning participation:
- A member entitled to attend and vote at the Meeting is entitled to appoint a Proxy to attend and vote instead of him/her.
- A proxy need not necessarily be a member of the Company.
- A Form of Proxy accompanies the Notice of EGM, providing necessary guidance for shareholders wishing to appoint a proxy.
Outlook for Kotagala Plantations PLC
This amalgamation marks a significant step for Kotagala Plantations PLC as it seeks to strengthen its portfolio and operational scale. The integration with Rubber & Allied Products (Colombo) Ltd is expected to create synergies that could benefit shareholders and the broader Sri Lankan plantations industry.
The EGM on 30th September will be a pivotal moment for the company’s future direction, with the Board urging shareholders to participate and cast their votes on this crucial special resolution.
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