Colombo, 15 September 2026 – Renuka Holdings PLC (CSE: RHL), a prominent diversified conglomerate in Sri Lanka, has announced its 46th Annual General Meeting (AGM) to be held virtually on Thursday, 24th September 2026, at 4:15 p.m. The notice, released today, outlines a comprehensive agenda, with a key focus on a proposed scrip dividend and crucial board re-appointments.
Key Resolutions at the Virtual AGM
Shareholders of Renuka Holdings PLC are invited to participate in the virtual AGM to consider and approve several important resolutions that will shape the company’s financial and governance landscape for the upcoming year.
First and Final Scrip Dividend Proposal
A significant highlight of the upcoming AGM is the Board’s recommendation for a first and final scrip dividend of Rs. 0.212 per Voting share and Rs. 0.212 per Non-Voting share for the financial year ended 31st March 2026. This dividend, subject to shareholder approval, will be satisfied through the allotment and issue of new ordinary shares.
- For ordinary Voting shareholders, a total sum of Rs. 35,083,513.45 will be satisfied by issuing 788,393 new ordinary Voting shares. The ratio for this allotment is 1 new fully paid ordinary Voting share for every 209.90580966 existing ordinary Voting shares.
- For ordinary Non-Voting shareholders, a total sum of Rs. 5,130,764.43 will be satisfied by issuing 160,336 new ordinary Non-Voting shares. The ratio for this allotment is 1 new fully paid ordinary Non-Voting share for every 150.94376185 existing ordinary Non-Voting shares.
The entitlement to this dividend will be determined by the Central Depository Systems (Pvt) Ltd. (CDS) as at the end of trading on the Record Date of 28th September 2026. The new shares issued under this distribution scheme will rank equally (pari passu) in all respects with the existing issued and fully paid ordinary shares and will be listed on the Colombo Stock Exchange (CSE).
It has also been specified that any residual share fractions arising from the allotment will be allotted to trustees nominated by the Board, sold, and the net proceeds distributed to a charity or charities approved by the Board of Directors.
Other Important Agenda Items
In addition to the scrip dividend, shareholders will address several standard yet crucial corporate governance matters:
- Annual Report & Financial Statements: To receive and consider the Annual Report of the Board of Directors, the Statement of Compliance, and the Financial Statement for the year ended 31st March 2026, along with the Auditors’ Report thereon.
- Director Re-elections: Shareholders will vote on the re-election of Mrs. M. S. Theverapperuma and Mr. Selvaskandan R., who retire by rotation in terms of Article 28(1) of the Company’s Articles of Association.
- Re-appointment of Senior Directors: The AGM includes resolutions for the re-appointment of Mrs. I.R. Rajiyah (75 years of age) and Dr. S.R. Rajiyah (76 years of age) as directors. These re-appointments are in accordance with Section 211 of the Companies Act No. 7 of 2007, which allows for the re-appointment of directors over 70 years, explicitly declaring that the age limit of 70 years under Section 210 shall not apply to them.
- Auditor Appointment: To appoint Messrs Ernst & Young, Chartered Accountants, as the Company’s Auditors for the financial year ending 31st March 2027, and to authorize the Board to determine their remuneration.
Proxy Information
Shareholders who are unable to attend the virtual AGM are entitled to appoint a proxy holder. The completed Form of Proxy must be submitted to the Company Secretary by hand or post to the Registered Office at No. 69, Sri Jinarathana Road, Colombo 02, not later than 4:15 p.m. on 22nd September 2026, which is forty-eight (48) hours before the scheduled meeting time.
This AGM presents a critical opportunity for Renuka Holdings PLC shareholders to engage with the company’s leadership and endorse the strategic direction, particularly concerning the proposed scrip dividend which offers reinvestment opportunities into the company’s equity.
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