Colombo, Sri Lanka – 18 September 2026 – Blue Diamonds Jewellery Worldwide PLC (BDJW) has announced significant changes to its Board of Directors, including a key resignation, the appointment of three new Independent Non-Executive Directors, and the subsequent reconstitution of its vital board sub-committees. These strategic changes, communicated via an immediate disclosure to the Colombo Stock Exchange (CSE), are effective from mid-September 2026 and aim to strengthen the company’s governance framework.
Director Resignation Paves Way for New Appointments
The company formally announced the resignation of Mr. Harsha Prageeth Perera as an Independent Non-Executive Director, effective 13th August 2026. The Board of Directors acknowledged, accepted, and resolved his resignation on 17th September 2026. As of the same date, Mr. Perera did not hold any shares in Blue Diamonds Jewellery Worldwide PLC.
Appointment of New Independent Non-Executive Directors and New Chairman
Following Mr. Perera’s departure, Blue Diamonds Jewellery Worldwide PLC has appointed three new Independent Non-Executive Directors to its Board, effective 16th September 2026. These appointments were acknowledged, accepted, and resolved by the Board on 17th September 2026. The new directors are:
- Mr. R.J.A.M.S. Arshan
- Mr. Sivakumar Ramabhadra
- Mr. Balachandran Niransan
In a significant move, the Board also resolved that Mr. R.J.A.M.S. Arshan, upon his appointment as an Independent Non-Executive Director, will assume the role of Chairman of the Board of Directors. All newly appointed directors have confirmed their compliance with the “Fit and Proper Assessment Criteria” as stipulated in Section 9.7 of the CSE Listing Rules. Brief resumes of the new directors were provided to the CSE, underscoring their qualifications and experience. As of 17th September 2026, none of the new directors hold shares in the company.
Reconstitution of Board Sub-Committees
In light of the changes in directorships, the Board of Directors has promptly reconstituted its key sub-committees, integrating the three new directors into these crucial governance bodies. This ensures continued robust oversight and strategic direction across various operational and compliance aspects. The restructured committees are as follows:
Nominations and Governance Committee
- Ms. P.T. Monali Gunatunga (Chairperson) (Independent Non-Executive)
- Mr. M. Manoj Ruwan Kumara (Independent Non-Executive)
- Mr. R.J.A.M.S. Arshan (Independent Non-Executive)
- Mr. Sivakumar Ramabhadra (Independent Non-Executive)
- Mr. Balachandran Niransan (Independent Non-Executive)
Remuneration Committee
- Ms. P.T. Monali Gunatunga (Chairperson) (Independent Non-Executive)
- Mr. M. Manoj Ruwan Kumara (Independent Non-Executive)
- Mr. R.J.A.M.S. Arshan (Independent Non-Executive)
- Mr. Sivakumar Ramabhadra (Independent Non-Executive)
- Mr. Balachandran Niransan (Independent Non-Executive)
Audit Committee
- Mr. M. Manoj Ruwan Kumara (Chairman) (Independent Non-Executive)
- Ms. P.T. Monali Gunatunga (Independent Non-Executive)
- Mr. R.J.A.M.S. Arshan (Independent Non-Executive)
- Mr. Sivakumar Ramabhadra (Independent Non-Executive)
- Mr. Balachandran Niransan (Independent Non-Executive)
Related Party Transactions Review Committee
- Mr. Sivakumar Ramabhadra (Chairman) (Independent Non-Executive)
- Mr. M. Manoj Ruwan Kumara (Independent Non-Executive)
- Ms. P.T. Monali Gunatunga (Independent Non-Executive)
- Mr. R.J.A.M.S. Arshan (Independent Non-Executive)
- Mr. Balachandran Niransan (Independent Non-Executive)
These comprehensive changes reflect Blue Diamonds Jewellery Worldwide PLC’s commitment to maintaining robust corporate governance standards and ensuring effective leadership as it navigates the evolving business landscape. The introduction of new independent expertise across the Board and its sub-committees is expected to bring fresh perspectives and further strengthen strategic decision-making and oversight.
Source: Read original document
