Colombo, 09 September 2026 – Janashakthi Finance PLC (CSE: JFIN) has announced that its 43rd Annual General Meeting (AGM) will be convened virtually on Wednesday, 30 September 2026, at 11:00 a.m. The pivotal meeting will see shareholders deliberate on the company’s performance for the financial year ended 31 March 2026, with a particular focus on the audited financial statements and a qualified audit opinion issued by its auditors.
The notice, dated 08 September 2026, outlines a comprehensive agenda for the virtual gathering, which is crucial for shareholders to engage with the company’s leadership and understand its strategic direction.
Key Business to be Transacted
The AGM agenda includes several standard resolutions alongside critical discussions:
- Financial Review: Shareholders will receive and consider the Report of the Board of Directors and the Audited Financial Statements for the year ended 31 March 2026, accompanied by the Auditors’ Report.
- Director Re-elections: Three directors are set to retire by rotation and, being eligible, will offer themselves for re-election. These include Mr. Rajendra Theagarajah, Mr. Nalin Brian Karunaratne, and Ms. D.L. Manohari Sandamali Chandrasekera.
- Auditor Re-appointment: Messrs. KPMG Sri Lanka, Chartered Accountants, who have consented to continue, will be proposed for re-appointment as the company’s Auditors until the conclusion of the next AGM, with their remuneration to be determined by the Directors.
- Charitable Donations: A resolution will be passed to authorize the Directors to determine donations for charities for the ensuing year.
- Addressing Qualified Audit Opinion: A significant point on the agenda is the discussion regarding the matters that led to a qualified audit opinion in the Audited Financial Statements for FY 2025/26. This also includes an examination of remedial actions intended by the Company to ensure compliance with Rule 7.5 (d) (ii) of the Listing Rules of the Colombo Stock Exchange (CSE), particularly concerning the impact of an emphasis of matter related to a Watch List concern not resolved for 15 months.
Implications of the Qualified Audit Opinion
The discussion around the qualified audit opinion is expected to be a key highlight of the AGM. A qualified audit opinion typically indicates that the auditors could not obtain sufficient appropriate audit evidence or that the financial statements contain a material misstatement that is not pervasive. The reference to CSE Listing Rule 7.5 (d) (ii) and the company’s Watch List status underscores the importance of this discussion for Janashakthi Finance PLC’s corporate governance and future standing on the Colombo Stock Exchange.
Shareholders will likely seek clarity on the specific reasons for the qualification, the financial implications, and the concrete steps management plans to take to rectify the underlying issues and achieve full compliance with CSE regulations.
Shareholder Participation and Proxy Information
To facilitate a smooth virtual meeting, Janashakthi Finance PLC has provided clear guidelines for shareholder participation:
- Registration: Shareholders must register with their first and last names via the link https://www.janashakthifinance.lk/AGM-Registration-Form-2026/ by 4:00 p.m. on Friday, 25 September 2026, to receive the joining link. The same names used for registration must be used to log in for the meeting.
- Proxies: A shareholder entitled to attend and vote may appoint a proxy, who need not be a member of the Company. A Form of Proxy is enclosed with the official notice.
- Proxy Submission: Completed Proxy Forms must be forwarded by email to ayeshak@jfplc.lk, WhatsApp to +94 773647178, or directly deposited at the Registered Office of the Company at No. 338, T.B. Jayah Mawatha, Colombo 10. No proxy registrations will be accommodated after the specified deadline.
- Voting Guidance: Shareholders unable to participate online are encouraged to appoint a director as their proxy, clearly indicating their vote under each matter on the Proxy Form to ensure their vote is recorded.
The 43rd AGM represents a critical juncture for Janashakthi Finance PLC as it seeks to address financial reporting concerns and reinforce its commitment to corporate governance and shareholder confidence in the dynamic Sri Lankan financial sector.
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