Colombo, Sri Lanka – 30 September 2026
LVL Energy Fund PLC, a prominent entity listed on the Colombo Stock Exchange (CSE), has announced the appointment of M/s Ernst & Young, Chartered Accountants, as its new statutory auditor. The significant change was approved by way of an ordinary resolution passed at the company’s Annual General Meeting (AGM) held on 29th September 2026.
The appointment sees Ernst & Young taking over the auditing responsibilities from M/s KPMG, Chartered Accountants, who previously held the position. This transition is a routine yet crucial aspect of corporate governance for publicly listed companies, ensuring independent oversight of financial reporting.
Compliance with CSE Listing Rules
The disclosure of this auditor change was formally communicated to the Colombo Stock Exchange by Corporate Services (Private) Limited, acting as Secretaries for LVL Energy Fund PLC. The announcement explicitly states that it is made in terms of Rule 8 of the Listing Rules of the Colombo Stock Exchange. Rule 8 mandates that listed entities promptly disclose material information, including changes in their statutory auditors, to maintain market transparency and investor confidence.
The formal letter addressed to Ms. Nilupa Perera, Chief Regulatory Officer at the Colombo Stock Exchange, confirms the decision reached at the AGM. Such appointments are critical for maintaining the integrity of financial statements and ensuring adherence to regulatory standards for companies operating within Sri Lanka’s robust financial market.
For LVL Energy Fund PLC, a company focused on the energy sector, the appointment of a new auditor of Ernst & Young’s global stature underscores its commitment to robust financial practices and compliance. This change is expected to reinforce investor confidence in the company’s financial disclosures moving forward.
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