Colombo, Sri Lanka – 24 September 2026 – Lanka Realty Investments PLC (CSE: LRI), a prominent player in Sri Lanka’s real estate and investment sector, has announced its Fifty Sixth (56th) Annual General Meeting (AGM) to be held on Friday, 16th October 2026, at 3:00 p.m. The pivotal meeting will take place at the Sri Lanka Foundation, No. 100, Padanam Mawatha, Independence Square, Colombo 07, where shareholders will convene to review the company’s performance and make crucial decisions regarding its future direction.
Key Agenda Items for the 56th AGM
The upcoming AGM holds significant importance for Lanka Realty Investments PLC and its stakeholders, with a comprehensive agenda set to address financial performance, corporate governance, and leadership. Shareholders will be presented with the following key proposals:
- Annual Report and Financial Statements: Attendees will receive and consider the Annual Report of the Board of Directors on the affairs of the Company and its subsidiaries, along with the Financial Statements for the year ended 31st March 2026, accompanied by the Auditors’ Report thereon. This provides a crucial overview of the company’s financial health and operational achievements over the past fiscal year.
- Director Re-election: Mr. Brian Vinod Selvanayagam, who retires by rotation in terms of Articles 83 and 84 of the Articles of Association, will be put forward for re-election as a Director of the Company.
- Re-appointment of Senior Director: A notable item on the agenda is the re-appointment of Mr. Piers Morgan, who is 79 years of age. This re-appointment requires a special resolution as per Section 211(1) of the Companies Act No. 07 of 2007, which mandates that the age limit of 70 years referred to in Section 210 shall not apply to Mr. Morgan. This resolution underscores the Board’s intent to retain his experience and expertise.
- Auditor Re-appointment: Shareholders will vote on the re-appointment of Messrs Ernst & Young, Chartered Accountants, as the Company’s Auditors and authorize the Directors to determine their remuneration for the upcoming period.
- Director Authority for Donations: The Board will seek authorization from shareholders to determine donations for the year ending 31st March 2027 and up to the date of the next Annual General Meeting.
Shareholder Participation and Proxy Information
Lanka Realty Investments PLC emphasizes the importance of shareholder engagement in its corporate governance processes. Shareholders who are unable to attend the meeting in person are entitled to appoint a Proxy to attend and vote on their behalf. It is important to note that a Proxy need not be a shareholder of the Company.
For those intending to exercise their right to appoint a proxy, a Form of Proxy accompanies the official Notice of the AGM. The completed Form of Proxy must be deposited at the Registered Office of the Company, located at 1st Floor, HQ Colombo, 464A, T.B. Jayah Mawatha, Colombo 10, by 3:00 p.m. on Wednesday, 14th October 2026. Timely submission is crucial to ensure votes are counted.
This 56th Annual General Meeting provides a vital platform for Lanka Realty Investments PLC to engage with its shareholders, present its strategic vision, and uphold robust corporate governance standards as it continues its trajectory in the dynamic Sri Lankan market.
Source: Read original document
