Colombo, 08 September 2026 – LAUGFS POWER PLC (CSE: LPPLC) has officially announced that its 9th Annual General Meeting (AGM) will convene virtually on Tuesday, September 29, 2026, at 10:30 A.M. The pivotal meeting will be centered at the Boardroom of LAUGFS Head Office, located at No. 101, Maya Avenue, Colombo 06, inviting shareholders to participate in crucial discussions regarding the company’s performance and future direction.
The formal Notice of Meeting, issued by order of the Board on September 5, 2026, outlines a comprehensive agenda designed to uphold robust corporate governance and transparency for the financial year ended March 31, 2026. This announcement, categorized under CSE Announcements, underscores the company’s commitment to engaging with its stakeholders.
Key Agenda Items for the 9th AGM
Shareholders attending the virtual AGM will address several critical matters:
- Annual Report and Financial Statements Review: The primary item involves receiving and considering the Annual Report of the Board of Directors on the affairs of the Company and its subsidiaries, alongside the Audited Statement of Accounts for the year ended March 31, 2026, and the accompanying Report of the Auditors thereon.
- Director Re-elections and Re-appointments: The meeting will see the re-election of Prof. S.P.P. Amaratunge, who retires by rotation in accordance with Article 26(6) of the Articles of Association. Furthermore, the re-appointment of Mr. M.A. Wegapitiya, Mr. P.D.H. Muthukumarana, and Mr. A.R. De Zilva, all of whom were appointed during the year, will be proposed in terms of Article 25(2) of the Company’s Articles of Association.
- Auditors’ Re-appointment: Shareholders will vote on the re-appointment of Messrs Ernst & Young, Chartered Accountants, as the retiring Auditors of the Company for the ensuing year, and authorize the Directors to determine their remuneration.
- Director Authorization for Donations: The Board will also seek authorization to determine and make donations for the financial year ending March 31, 2027, and up to the date of the next Annual General Meeting.
Virtual Participation and Proxy Information
In line with contemporary corporate practices, LAUGFS POWER PLC emphasizes the virtual nature of its upcoming AGM. Shareholders who are entitled to participate and vote are strongly encouraged to make arrangements for their attendance. Those unable to join the virtual meeting are entitled to appoint a proxy to participate and vote on their behalf. A duly completed Form of Proxy, enclosed with the official notice, can be used to appoint the Chairman or any other Member of the Board for this purpose.
For detailed instructions on how to participate virtually in the meeting, shareholders are advised to refer to the “Registration Process” document enclosed with the official notice. This ensures seamless access and participation for all eligible stakeholders.
This Annual General Meeting represents a vital opportunity for LAUGFS POWER PLC’s shareholders to engage directly with the company’s governance and strategic direction. Active participation is encouraged to ensure informed decision-making for the company’s continued growth and success.
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