Colombo, 24 September 2026 – Harischandra Mills PLC (CSE: HARI), a prominent entity on the Colombo Stock Exchange (CSE), today announced significant changes to its Board of Directors, including the resignations of its Chairperson and Managing Director.
The announcement, made public via a CSE disclosure by the company’s Secretaries & Registrars, G Corporate Services (Private) Limited, confirmed that Mr. T. K. Bandaranaike has stepped down from his position as a director and Chairperson of the Board. His resignation became effective following the conclusion of the company’s Annual General Meeting held on 23rd September 2026.
Concurrently, Mr. S. N. Samarasinghe has also resigned from the Board and his office as Managing Director, with his resignation taking effect from 23rd September 2026.
Board Restructuring Underway
The departures mark a pivotal moment for Harischandra Mills PLC, signaling an upcoming period of leadership transition. The company’s announcement, submitted in accordance with Rules 7.8, 8.1, and 9.10.3 of the CSE Listing Rules, ensures transparency regarding changes within its directorial structure.
G Corporate Services (Private) Limited, acting on behalf of Harischandra Mills PLC, further informed the CSE that both Mr. Bandaranaike and Mr. Samarasinghe do not hold any relevant interest in the shares of the company as of the date of their resignations. This detail is crucial for maintaining compliance and investor confidence.
Outlook for Harischandra Mills PLC
As the company navigates these leadership changes, market observers will be keenly watching for further announcements regarding new appointments to the Chairperson and Managing Director roles. These strategic positions are vital for guiding the future direction and operational stability of Harischandra Mills PLC in the competitive Sri Lankan business landscape.
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