Colombo, 18 September 2026 – Blue Diamonds Jewellery Worldwide PLC (BDJW), a prominent entity listed on the Colombo Stock Exchange (CSE), today announced a series of significant changes to its Board of Directors and the subsequent reconstitution of its key Board Sub-committees. These strategic shifts, effective from 16th September 2026, mark a crucial development in the company’s corporate governance framework.
Leadership Transition and New Appointments Bolster Board
The company informed the CSE of the resignation of Mr. Harsha Prageeth Perera, an Independent Non-Executive Director, effective 13th August 2026. His departure was officially acknowledged and accepted by the Board of Directors on 17th September 2026. It was noted that Mr. Perera did not hold any shares in the company as of his resignation.
Following this, Blue Diamonds Jewellery Worldwide PLC has welcomed three new Independent Non-Executive Directors to its Board, with their appointments taking effect from 16th September 2026. These new directors are:
- Mr. R.J.A.M.S. Arshan
- Mr. Sivakumar Ramabhadra
- Mr. Balachandran Niransan
The company confirmed that these new appointees have successfully met the “Fit and Proper Assessment Criteria” as stipulated under Section 9.7 of the CSE Listing Rules, ensuring their suitability for these crucial roles. Their appointments were formally acknowledged, accepted, and resolved by the Board of Directors on 17th September 2026. As of that date, none of the newly appointed directors held any shares in Blue Diamonds Jewellery Worldwide PLC.
Mr. R.J.A.M.S. Arshan Appointed New Chairman
A pivotal announcement within the restructuring is the appointment of Mr. R.J.A.M.S. Arshan as the new Chairman of the Board of Directors. He will assume this leadership role concurrently with his appointment as an Independent Non-Executive Director, signaling a fresh strategic direction for the company.
Reconstitution of Board Sub-committees for Enhanced Governance
In line with the changes to the main Board, Blue Diamonds Jewellery Worldwide PLC has also undertaken a comprehensive reconstitution of its Board Sub-committees, effective from 16th September 2026. The three new directors have been appointed as members across all five key sub-committees, reinforcing the company’s commitment to robust corporate governance.
The reconstituted 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 changes reflect Blue Diamonds Jewellery Worldwide PLC’s proactive approach to strengthening its leadership and governance structures, positioning the company for its future endeavors in the competitive Sri Lankan and global jewellery markets. The Board’s Nominations and Governance Committee had reviewed all director appointments.
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