Colombo, 14 September 2026 – Renuka Holdings PLC (CSE: RHL) today announced an errata to its Annual Report for the financial year ended 31st March 2026. This significant update specifically amends the previously published Notice of the Annual General Meeting (AGM) and the accompanying Circular to Shareholders, providing revised and clarified details regarding the proposed first and final dividend for FY2026.
The original Notice of Meeting, proxy form, and Circular to Shareholders were initially published on 1st September 2026. Following subsequent amendments, the company has now released the revised documents, which shareholders are advised to read in conjunction with the full Annual Report.
Amended Details for the 46th Annual General Meeting
The 46th Annual General Meeting of Renuka Holdings PLC is scheduled to be held virtually on Thursday, 24th September 2026, at 4:15 PM. Key resolutions and agenda items have been clarified in the amended notice:
- Consideration of Annual Report: Shareholders will receive and consider the Annual Report of the Board of Directors, the Statement of Compliance, and the Financial Statements for the year ended 31st March 2026, along with the Auditors’ Report thereon.
- Declaration of First and Final Scrip Dividend: A first and final scrip dividend of Rs. 0.212 per Voting share and per Non-Voting share has been recommended. This dividend will be satisfied by the allotment and issue of new ordinary shares, based on the market value of shares as at the end of trading on 25th August 2026.
Scrip Dividend Distribution Details:
- Voting Shares: A total sum of Rs. 35,083,513.45, corresponding to 788,393 new fully paid ordinary Voting shares, will be issued. The distribution ratio will be 1 new fully paid ordinary Voting share for every 209.90580966 existing issued and fully paid ordinary Voting shares.
- Non-Voting Shares: A total sum of Rs. 5,130,764.43, corresponding to 160,336 new fully paid ordinary Non-Voting shares, will be issued. The distribution ratio will be 1 new fully paid ordinary Non-Voting share for every 150.94376185 existing issued and fully paid ordinary Non-Voting shares.
- Record Date: Shareholders entitled to the dividend will be those whose names appear on the Shareholders’ Register or the Central Depository Systems (Pvt) Ltd. (‘CDS’) as at the end of trading on the Record Date, which is 28th September 2026 (the second market day from and excluding the date of the meeting).
- Pari Passu Ranking: The new shares issued will rank equally and pari passu in all respects with existing issued and fully paid ordinary shares, including entitlement to future dividends, and will be listed on the Colombo Stock Exchange (CSE), for which in-principle approval has been obtained.
Additional Resolutions and Shareholder Information
The AGM agenda also includes:
- Re-election of Directors: Mrs. M. S. Theverapperuma and Mr. Selvaskandan R. will be proposed for re-election as directors who retire by rotation.
- Re-appointment of Senior Directors: Mrs. I.R. Rajiyah (75 years of age) and Dr. S.R. Rajiyah (76 years of age) are proposed for re-appointment as directors in terms of Section 211 of the Companies Act No. 7 of 2007, specifically waiving the age limit of 70 years referred to in Section 210.
- Auditor Appointment: Messrs. Ernst & Young, Chartered Accountants, are recommended for appointment as the Company’s Auditors for the financial year ending 31st March 2027, with the Board authorized to determine their remuneration.
Guidelines for Shareholders
Renuka Holdings PLC emphasizes several important points for its shareholders:
- Residual Fractions: Any residual share fractions arising from the scrip dividend distribution will be aggregated, allotted to nominated trustees, sold, and the net proceeds distributed to a charity or charities approved by the Board of Directors.
- CDS Accounts: Shareholders holding shares in scrip form (physical share certificates) are strongly advised to open an account with the CDS prior to the AGM. This will allow the new shares allotted to be directly uploaded to their CDS accounts, as physical share certificates will not be issued for the new shares, in compliance with SEC and CDS directives.
- Proxy Submission: Shareholders unable to attend the virtual AGM may appoint a proxy. The completed Form of Proxy must be deposited at the Company’s Registered Office by 4:15 p.m. on 22nd September 2026, which is not less than 48 hours before the time appointed for the meeting.
The Board of Directors has expressed confidence that the Company will satisfy the solvency test set out in the Companies Act No. 07 of 2007 immediately following the allotment of the dividend, a fact further supported by a Certificate of Solvency issued by the Company’s Auditors, Messrs KPMG, Chartered Accountants.
Shareholders are strongly encouraged to refer to the full amended Notice of Meeting and Circular to Shareholders for complete details and instructions.
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