Colombo, Sri Lanka – 14 September 2026 – Renuka Holdings PLC (CSE: RHL) has released an errata pertaining to its previously published Notice of Meeting, proxy form, and circular to shareholders concerning the first and final dividend for the financial year ended 31st March 2026. The updated documents, released on 11th September 2026, provide critical amendments that shareholders are advised to review carefully.
Background to the Amendment
The initial Notice of Meeting, proxy, and circular to shareholders were published in the company’s Annual Report for the financial year ended 31st March 2026, on 1st September 2026. Renuka Holdings PLC subsequently identified the need for amendments and has now issued a revised set of documents to ensure accuracy and clarity for its investor base.
Key Details of the Amended Announcement
The amended circular reiterates the Board of Directors’ recommendation for a first and final scrip dividend of Rs. 0.212 per voting and non-voting ordinary share for the financial year ended 31st March 2026. This dividend is to be satisfied by the allotment and issue of new ordinary shares, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Key resolutions and dates outlined in the amended documents include:
- The 46th Annual General Meeting (AGM) will be held virtually on Thursday, 24th September 2026, at 4:15 PM.
- Shareholders will consider and approve the Annual Report and Financial Statements for the year ended 31st March 2026.
- The proposed scrip dividend involves the issue of 788,393 new ordinary voting shares and 160,336 new ordinary non-voting shares.
- The dividend entitlement ratio is specified as:
- 1 new fully paid ordinary Voting share for every 209.90580966 existing issued and fully paid ordinary Voting shares.
- 1 new fully paid ordinary Non-Voting share for every 150.94376185 existing issued and fully paid ordinary Non-Voting shares.
- The Record Date for dividend entitlement is set as the end of trading on 28th September 2026 (the second market day from and excluding the date of the meeting).
- New shares allotted will rank equal and pari passu with existing shares in all respects.
- Residual share fractions will be aggregated, sold, and net proceeds distributed to a Board-approved charity/charities.
- Shareholders are requested to submit their completed Form of Proxy to the Company Secretary by 4:15 PM on 22nd September 2026.
- The AGM will also address the re-election of directors Mrs. M. S. Theverapperuma and Mr. Selvaskandan R., and the re-appointment of Mrs. I.R. Rajiyah and Dr. S.R. Rajiyah (who are above 70 years of age).
- Messrs Ernst & Young, Chartered Accountants, are recommended for re-appointment as the company’s auditors for the financial year ending 31st March 2027.
Implications for Shareholders
Renuka Holdings PLC advises all shareholders to review the amended Notice of Meeting, proxy form, and circular thoroughly to understand the updated terms and conditions regarding the first and final scrip dividend and other AGM agenda items. The company has obtained in-principle approval from the Colombo Stock Exchange (CSE) for the proposed allotment and issue of new shares.
The company also emphasizes that shareholders holding shares in scrip form are encouraged to open a CDS account prior to the AGM to facilitate the direct uploading of new shares. This announcement underscores Renuka Holdings PLC’s commitment to transparent communication and adherence to regulatory requirements.
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