By DailyFC Business Desk | 24 September 2026
Colombo, Sri Lanka – Harischandra Mills PLC (CSE: HARI), a long-standing and prominent entity in Sri Lankan industry, today announced significant changes to its top leadership. The company has informed the Colombo Stock Exchange (CSE) that Mr. T. K. Bandaranaike has resigned from his position as Chairperson and a member of the Board of Directors, while Mr. S. N. Samarasinghe has also stepped down as Managing Director and a Board member.
Key Resignations Detailed
The official announcement, made on behalf of Harischandra Mills PLC by its Company Secretary and Registrars, G Corporate Services (Private) Limited, provided specific details regarding these leadership departures. Mr. T. K. Bandaranaike’s resignation as Chairperson and from the Board became effective from the conclusion of the company’s Annual General Meeting (AGM), which was held on September 23, 2026.
In a parallel development, Mr. S. N. Samarasinghe tendered his resignation from the Board and his office as Managing Director, with his departure also becoming effective on September 23, 2026. These crucial changes were formally communicated to the CSE in strict adherence to Listing Rules 7.8, 8.1, and 9.10.3, which govern corporate disclosures.
No Relevant Share Interest Declared
The company further clarified that, as of the date of the announcement, both Mr. T. K. Bandaranaike and Mr. S. N. Samarasinghe, the departing directors, do not hold any relevant interest in the shares of Harischandra Mills PLC. This detail provides transparency regarding their financial association with the company at the point of their resignations, ensuring compliance with regulatory guidelines.
Implications for Harischandra Mills PLC
The simultaneous departure of both the Chairperson and the Managing Director marks a pivotal moment for Harischandra Mills PLC. Such significant leadership transitions often signal an impending new chapter in a company’s strategic direction or corporate governance framework. Investors and stakeholders will undoubtedly be anticipating further announcements regarding the appointment of new leadership to steer the company forward.
Harischandra Mills PLC is now expected to initiate a robust process to identify and appoint suitable candidates to fill these crucial roles on its Board and within its executive management. The company’s prompt and diligent communication of these changes to the Colombo Stock Exchange reaffirms its commitment to transparency and adherence to regulatory requirements, ensuring the market remains well-informed of key corporate developments.
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