Colombo, 18 September 2026 – Asia Capital PLC (CSE: ACAP) today announced a significant financial development following an Extraordinary General Meeting (EGM) where shareholders duly passed a pivotal resolution, leading to a substantial reduction in the company’s liabilities. The resolution, which involved accepting a rebate of LKR 1.5 billion, was approved during the EGM held this morning via an online platform.
Key Resolution Passed
The EGM, convened at 09:30 a.m. on 18th September 2026, saw shareholders vote in favour of a resolution to accept a rebate amounting to LKR 1.5 billion. This crucial decision directly impacts the company’s financial standing by reducing its outstanding liabilities owed to Fast Gain International Ltd. The original liabilities stemmed from several preference facility agreements.
The formal communication to the Colombo Stock Exchange (CSE) stated: “RESOLVE as an Ordinary Resolution that the Company accepts the rebate in the sum of LKR 1.5Bn and thereby reducing the Company’s liability by that sum owed to Fast Gain International Ltd emanating from several preference facility agreements.”
Impact on Asia Capital PLC
The successful passing of this resolution marks a positive step for Asia Capital PLC. A reduction of LKR 1.5 billion in liabilities is expected to significantly strengthen the company’s balance sheet, improve its financial ratios, and potentially enhance its overall financial health. For investors and stakeholders, this move signals proactive financial management and could contribute to increased investor confidence in the company’s stability and future prospects.
Regulatory Compliance and Proceedings
The announcement was made in accordance with Section 7.2 of the Listing Rules of the Colombo Stock Exchange, underscoring Asia Capital PLC’s commitment to transparency and corporate governance. The EGM itself was conducted virtually from the company’s registered address at 6th Floor, No. 46/46, Green Lanka Towers, Nawam Mawatha, Colombo 07, reflecting modern corporate practices.
The board of directors of Asia Capital PLC, represented by P.R. Secretarial Services (Private) Limited as company secretaries, formally conveyed the outcome of the EGM to Ms. Nilupa Perera, Chief Regulatory Officer of the Colombo Stock Exchange. This development is expected to be closely watched by the market as it reflects efforts by listed entities to optimise their financial structures and enhance shareholder value.
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