Colombo, Sri Lanka – 30 September 2026 – LAUGFS POWER PLC (CSE: LPL) has successfully secured shareholder approval for all proposed resolutions at its Annual General Meeting (AGM) for the financial year 2025/26. The company officially communicated this significant development to the Colombo Stock Exchange (CSE) yesterday, September 29, 2026.
Key Details of the Announcement
The confirmation came via a formal announcement submitted to the CSE by P W Corporate Secretarial (Pvt) Ltd, acting as the Company Secretaries for LAUGFS POWER PLC. Dated September 29, 2026, the letter addressed to the Chief Regulatory Officer of the Colombo Stock Exchange, Ms. Nilupa Perera, explicitly stated the outcome of the AGM.
The communication affirmed, “We wish to inform you that at the Annual General Meeting of LAUGFS POWER PLC held on September 29, 2026, the resolutions were duly passed.” This signifies a decisive endorsement from the company’s shareholders for the management’s proposals and the strategic direction outlined for the ongoing financial year.
Implications for the Company and Shareholders
The successful passing of all resolutions at the Annual General Meeting is a fundamental aspect of corporate governance for any publicly listed entity. These resolutions typically encompass critical decisions such as the adoption of annual financial statements, the re-election of directors, the appointment of external auditors, and the approval of dividends or capital-raising initiatives. While specific details of the resolutions were not part of the CSE announcement, their unanimous approval indicates strong shareholder confidence in LAUGFS POWER PLC’s operational performance and future outlook.
This outcome provides the company’s Board of Directors and management with the necessary mandate to implement their plans and continue with the company’s business activities without hindrance. It also assures investors of the stability and sound governance practices within LAUGFS POWER PLC.
Source: Read original document
