COLOMBO, Sri Lanka – 25 September 2026 – Dankotuwa Porcelain PLC (CSE: DPL) today announced that all resolutions tabled at its Annual General Meeting (AGM) held on 25th September 2026 were unanimously approved and adopted by shareholders. The significant outcome of the AGM also included the formal notification of Mr. Chandana Gamage’s decision not to seek re-election to the Board of Directors.
Unanimous Shareholder Mandate for Dankotuwa Porcelain
The AGM, a crucial event for the company’s corporate governance and strategic direction, saw shareholders provide a strong endorsement by unanimously approving every resolution presented. This level of consensus typically signals robust confidence in the company’s current management and future plans as articulated by the Board.
The approval of resolutions paves the way for Dankotuwa Porcelain PLC to continue its operational and strategic initiatives as outlined for the upcoming financial year, reinforcing its position in the competitive ceramics and porcelain industry.
Director Chandana Gamage Steps Down from Board and Committees
In a key development communicated at the AGM, Mr. Chandana Gamage, who retired by rotation in accordance with Article No. 24 (6) of the company’s Articles of Association, formally notified shareholders of his decision not to seek re-election. Consequently, Mr. Gamage ceased to be a Director of Dankotuwa Porcelain PLC effective 25th September 2026.
His departure extends to his roles on the company’s Nomination and Governance Committee (NGC) and the Related Party Transactions (RPT) Review Committee. Mr. Gamage will step down from these vital oversight committees, also effective 25th September 2026, marking a complete transition from his board-level responsibilities.
The company, through its Corporate Secretaries Nexia Corporate Consultants (Private) Limited, confirmed this communication was made in strict adherence to Rule 7.2 of the Listing Rules of the Colombo Stock Exchange (CSE), ensuring transparency and compliance for its stakeholders and the broader market.
Implications for Dankotuwa Porcelain
The unanimous approval of all resolutions signifies stability and a clear mandate from the shareholders for Dankotuwa Porcelain PLC’s ongoing strategies. The departure of a long-standing director like Mr. Gamage will likely prompt the board to consider future appointments to maintain its diverse expertise and governance standards. Investors and market watchers will be keen to observe how these changes might influence the company’s strategic trajectory and corporate leadership moving forward.
Source: Read original document
