Colombo, 24 September 2026 – Eden Hotel Lanka PLC has successfully rectified a previously announced non-compliance issue, with shareholders unanimously approving the re-election of Mr. T. Dharmarajah as an Independent Director. The resolution was passed at the company’s 34th Annual General Meeting (AGM) held yesterday, 23 September 2026.
The announcement, made to the Colombo Stock Exchange (CSE) on 23 September 2026, confirms that Mr. Dharmarajah will also reassume his pivotal roles as Chairman of the Audit Committee, the Related Party Transactions Review Committee, and the Remuneration Committee, effective immediately.
Background to the Non-Compliance
The rectification follows an initial non-compliance announcement dated 7 August 2026. While the specific nature of the initial non-compliance was not detailed in the recent disclosure, the successful resolution at the AGM underscores the company’s commitment to upholding corporate governance standards and regulatory requirements.
Shareholder Approval at 34th AGM
The 34th Annual General Meeting saw shareholders deliberate on the re-election of Mr. T. Dharmarajah. In a significant move to address the outstanding governance matter, shareholders gave their unanimous approval for his re-election as an Independent Director in accordance with Rule 9.8.3(ix)(d) of the CSE listing rules. This decision ensures Mr. Dharmarajah will hold office until the company’s next Annual General Meeting.
Reassumption of Key Committee Roles
Beyond his re-election as an Independent Director, Mr. Dharmarajah’s return to the helm of critical oversight committees is a key highlight. His reappointment as Chairman of the Audit Committee, the Related Party Transactions Review Committee, and the Remuneration Committee is effective from 23 September 2026. These committees play crucial roles in maintaining financial integrity, ensuring transparency in related party dealings, and establishing fair remuneration practices, respectively.
The move is expected to reinforce Eden Hotel Lanka PLC’s corporate governance framework and provide stability to its board and operational committees.
The announcement was formally communicated to Ms. Nilupa Perera, Chief Regulatory Officer of the Colombo Stock Exchange, by LOLC Corporate Services (Pvt) Ltd, the company secretaries for Eden Hotel Lanka PLC.
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