Colombo, Sri Lanka – 24 September 2026 – Dolphin Hotels PLC has announced the successful rectification of a previously disclosed non-compliance concerning the directorship of Mr. T. Dharmarajah. The company confirmed that at its 45th Annual General Meeting (AGM), held on September 23, 2026, shareholders unanimously approved the re-election of Mr. Dharmarajah as an Independent Director.
Shareholders Unanimously Back Re-election
The resolution, which sees Mr. Dharmarajah re-elected to hold office until the next Annual General Meeting, was passed without dissent, underscoring strong shareholder confidence. This action addresses the initial non-compliance announcement made by Dolphin Hotels PLC on August 12, 2026.
According to the official disclosure to the Colombo Stock Exchange (CSE), Mr. Dharmarajah’s re-election as an Independent Director is in full compliance with Rule 9.8.3(ix)(d) of the CSE listing rules, specifically pertaining to the criteria for independent directors.
Reassumption of Critical Committee Chairmanships
Beyond his re-election to the Board, Mr. Dharmarajah will also reassume his pivotal leadership roles across several key committees, effective September 23, 2026. These responsibilities include chairing:
- The Audit Committee
- The Related Party Transactions Review Committee
- The Remuneration Committee
- The Nominations & Governance Committee
His return to these roles is expected to further strengthen the company’s corporate governance framework and oversight mechanisms.
Commitment to Corporate Governance and Compliance
This swift action by Dolphin Hotels PLC demonstrates its commitment to upholding the highest standards of corporate governance and ensuring full compliance with the regulatory requirements of the Colombo Stock Exchange. The unanimous approval by shareholders for Mr. Dharmarajah’s re-election and reassumption of committee responsibilities signifies market confidence in the company’s leadership and its dedication to sound operational practices.
The announcement was officially communicated by LOLC Corporate Services (Pvt) Ltd, the company secretaries for Dolphin Hotels PLC, to the Chief Regulatory Officer of the Colombo Stock Exchange on September 23, 2026.
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