Colombo, 11 September 2026 – PMF Finance PLC (CSE: PMF.N0000) today announced a significant restructuring of its core Board Sub-Committees, effective from 11 September 2026. The move, enacted via a Circular Resolution passed by the Board of Directors on the same day, aims to enhance the company’s corporate governance framework, strengthen oversight, and optimize risk management practices.
The reconstitution encompasses four critical committees: the Nominations and Governance Committee, the Board Audit Committee, the Related Party Transactions Review Committee, and the Board Integrated Risk Management Committee. This strategic alignment underscores PMF Finance PLC’s commitment to adhering to best practices and regulatory compliance, particularly under the Listing Rules of the Colombo Stock Exchange (CSE).
Revised Composition of Board Sub-Committees
The new composition of the respective Board Sub-Committees, effective from 11 September 2026, is as follows:
Nominations and Governance Committee
- Mr. Sirimevan Wasala (Chairman) – Non-Executive Independent Director
- Mr. Malik Cader – Non-Executive Independent Director
- Mr. Sanjika Perera – Non-Executive Non-Independent Director
Board Audit Committee
- Ms. Nishani Perera (Chairman) – Non-Executive Independent Director
- Mr. Malik Cader – Non-Executive Independent Director
- Mr. Nemantha Abeysinghe – Non-Executive Non-Independent Director
- Mr. Nalin Warnakula – Non-Executive Non-Independent Director
Related Party Transactions Review Committee
- Mr. Sirimevan Wasala (Chairman) – Non-Executive Independent Director
- Mr. Malik Cader – Non-Executive Independent Director
- Mr. Nemantha Abeysinghe – Non-Executive Non-Independent Director
Board Integrated Risk Management Committee
- Ms. Nishani Perera (Chairman) – Non-Executive Independent Director
- Mr. Malik Cader – Non-Executive Independent Director
- Mr. Nemantha Abeysinghe – Non-Executive Non-Independent Director
- Mr. Nalin Warnakula – Non-Executive Non-Independent Director
Strategic Implications for PMF Finance PLC
The reconstitution of these key sub-committees is a vital step in bolstering the internal control mechanisms and oversight functions of PMF Finance PLC. Committees such as the Board Audit Committee and the Board Integrated Risk Management Committee play crucial roles in ensuring financial integrity, transparency, and effective management of enterprise-wide risks, which are paramount for stakeholder confidence and sustained growth in the dynamic financial sector.
The Nominations and Governance Committee’s updated structure will guide the company’s director selection processes and overall corporate governance policies, ensuring adherence to high ethical standards. Similarly, the Related Party Transactions Review Committee is critical for maintaining fairness and transparency in dealings with related parties, mitigating potential conflicts of interest.
This disclosure aligns with Rule 9.10.3 of the Listing Rules of the Colombo Stock Exchange, ensuring that listed entities maintain transparency regarding significant changes in their governance structures.
PMF Finance PLC, a licensed finance company in Sri Lanka, continues to adapt its governance frameworks to meet evolving regulatory landscapes and market expectations, positioning itself for robust and compliant operations.
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