Colombo, 18 September 2026 – Blue Diamonds Jewellery Worldwide PLC (CODE: BDD.N0000), a company listed on the Colombo Stock Exchange (CSE), today announced a series of significant changes to its Board of Directors, including the resignation of an Independent Non-Executive Director, the appointment of three new Independent Non-Executive Directors, and the designation of a new Chairman.
The announcement, made in compliance with the Listing Rules of the Colombo Stock Exchange, signals a notable restructuring of the company’s governance framework.
Resignation of Mr. Harsha Prageeth Perera
Blue Diamonds Jewellery Worldwide PLC informed the CSE that Mr. Harsha Prageeth Perera, who served as an Independent Non-Executive Director, has resigned from the company’s Board of Directors. His resignation was effective from 13th August 2026, and was officially acknowledged, accepted, and resolved by the Board on 17th September 2026. The company confirmed that Mr. Harsha Prageeth Perera did not hold any shares in the company as of 17th September 2026.
Appointment of New Independent Non-Executive Directors
Following the resignation, the Board of Directors has moved swiftly to strengthen its composition with the appointment of three new Independent Non-Executive Directors. Mr. R.J.A.M.S. Arshan, Mr. Sivakumar Ramabhadra, and Mr. Balachandran Niransan have been appointed to the Board with effect from 16th September 2026. Their appointments were also acknowledged, accepted, and resolved by the Board of Directors on 17th September 2026.
The company confirmed that all newly appointed directors have duly complied with the “Fit and Proper Assessment Criteria” stipulated under Section 9.7 of the CSE Listing Rules. Brief resumes of the new directors have been submitted to the Colombo Stock Exchange for reference. As of 17th September 2026, none of the newly appointed directors held any shares in Blue Diamonds Jewellery Worldwide PLC.
Mr. R.J.A.M.S. Arshan Takes Helm as New Chairman
In a pivotal development, the Board of Directors resolved that Mr. R.J.A.M.S. Arshan, upon his appointment as an Independent Non-Executive Director, will also assume the role of Chairman of the Board. This appointment is expected to provide new leadership and strategic direction for the jewellery company.
Reconstitution of Board Sub-committees
The changes in directorship have led to the reconstitution of several key Board Sub-committees, ensuring fresh perspectives and expertise across critical governance areas. The three new directors have been appointed as members to the Audit Committee, Related Party Transactions Review Committee, Remuneration Committee, Risk Committee, and the Nominations and Governance Committee.
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 comprehensive board changes underscore Blue Diamonds Jewellery Worldwide PLC’s commitment to robust corporate governance and strategic leadership as it navigates the dynamic Sri Lankan and global jewellery markets. Investors and stakeholders will be closely watching the impact of these appointments on the company’s future performance and direction.
Source: Read original document
