Colombo, Sri Lanka – 14 September 2026 – Renuka Agri Foods PLC (CSE: RAF) has announced its intention to issue up to 6,117,161 new ordinary voting shares through a scrip dividend for the financial year ended 31st March 2026. The move follows “in principal” approval from the Colombo Stock Exchange (CSE) for the listing of these shares, as confirmed in an official communication dated 12 September 2026.
This strategic decision allows shareholders to receive new shares instead of a cash dividend, enabling the company to retain capital for future growth initiatives while still rewarding its investors. The scrip dividend represents the First & Final Dividend for the recently concluded financial year.
Key Dates for Shareholders
The company, renowned for its diverse agricultural and food products, has outlined crucial dates for shareholders concerning this scrip dividend. Investors should note these dates, particularly the XD date which is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
- Annual General Meeting (AGM) Date: 24th September 2026
- XD Date: 25th September 2026 (subject to shareholder approval at the AGM)
- Record Date: 28th September 2026
It has also been clarified that the company’s share register will not be closed for the purpose of this dividend payment. This ensures a seamless process for share transfers and other transactions around the dividend period.
Implications for Investors and Market
The issuance of new shares through a scrip dividend can be viewed as a positive signal of confidence from Renuka Agri Foods PLC in its long-term prospects. For existing shareholders, receiving new shares means an increase in their equity holdings without incurring brokerage fees, though it may result in a slight dilution of earnings per share in the short term. For the market, the listing of over 6.1 million new ordinary voting shares will increase the total number of outstanding shares for Renuka Agri Foods PLC, potentially impacting liquidity and trading patterns on the Colombo Stock Exchange.
Renuka Agri Foods PLC, operating from ‘Renuka House’ in Colombo, continues to be a significant player in Sri Lanka’s agri-food sector. This latest corporate action underlines its commitment to shareholder value and prudent capital management as it navigates the current economic landscape.
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