Colombo, Sri Lanka – 14 September 2026 – Renuka Foods PLC (CSE: RFL) has announced an errata to its Annual Report for the financial year ended 31st March 2026. The company released an updated Notice of Meeting and Circular to Shareholders today, providing crucial amendments regarding its upcoming Annual General Meeting (AGM) and the proposed first and final dividend.
The original Notice of Meeting and Circular to Shareholders, dated 28th August 2026, were initially published within the Annual Report on 1st September 2026. Following subsequent amendments, Renuka Foods PLC has issued revised documents to ensure clarity and accuracy for its shareholders.
Key Amendments to Dividend Declaration
The core of the errata focuses on the declaration of the first and final dividend for the financial year ended 31st March 2026. The amended resolutions confirm a hybrid dividend structure comprising both scrip and cash components:
- Scrip Dividend: A scrip dividend of Rs. 0.09 per Ordinary voting share and Rs. 0.09 per Ordinary non-voting share will be distributed. This will be satisfied by the allotment and issue of new ordinary shares.
- Cash Dividend: A cash dividend of Rs. 0.10 per Ordinary voting share and Rs. 0.10 per Ordinary non-voting share will be paid.
The total scrip dividend will result in the issue of 1,222,677 new ordinary voting shares and 58,715 new ordinary non-voting shares. The total cash distribution will amount to Rs. 36,001,063.40 for voting shares and Rs. 1,461,360 for non-voting shares, based on shares as at 25th August 2026.
Scrip Dividend Ratios and Record Date
The new ordinary shares for the scrip dividend will be issued based on the following ratios:
- Voting Shares: 1 new fully paid ordinary voting share for every 294.44459493 existing issued and fully paid voting ordinary shares.
- Non-Voting Shares: 1 new fully paid ordinary non-voting share for every 248.89040279 existing issued and fully paid non-voting ordinary shares.
The Record Date for entitlement to both the scrip and cash dividends has been set as the end of trading on 28th September 2026. This is the second market day from and excluding the date of the upcoming Annual General Meeting.
Annual General Meeting (AGM) Details
The Thirty Sixth (36th) Annual General Meeting of Renuka Foods PLC is scheduled to be held virtually on Thursday, 24th September 2026, at 3:30 p.m. Shareholders are encouraged to review the amended Notice of Meeting for complete details on the agenda and voting procedures.
In addition to the dividend resolutions, the AGM agenda includes:
- Receiving and considering the Annual Report and Financial Statements for the year ended 31st March 2026.
- Re-election of Mr. R.F.N. Jayasooriya and Mr. V. Sanmugam as directors who retire by rotation.
- Re-appointment of Dr. S.R. Rajiyah and Mrs. I.R. Rajiyah as Directors, with special declarations regarding the age limit waiver under the Companies Act.
- Re-appointment of Messrs KPMG, Chartered Accountants, as the company’s auditors for the financial year ending 31st March 2026, and authorization for the Board to determine their remuneration.
- Authorization for the Board of Directors to determine donations for the year 2026.
Shareholder Participation and New Share Allotment
Shareholders whose names appear on the Central Depository Systems (Pvt) Ltd. (CDS) or the Company’s Share Register as of the Record Date will be entitled to the dividend. The company has obtained in-principle approval from the Colombo Stock Exchange (CSE) for the listing of the new shares to be issued as part of the scrip dividend.
New ordinary shares will rank equally (pari passu) with existing issued shares and will be listed on the CSE. Shareholders holding shares in scrip form are advised to open a CDS account and deposit their share certificates prior to the AGM to facilitate direct uploading of new shares.
This errata underscores Renuka Foods PLC’s commitment to transparent communication and adherence to regulatory requirements, ensuring that shareholders have accurate and up-to-date information for informed decision-making.
Source: Read original document
