Colombo, Sri Lanka – 30 September 2026 – Millennium Housing Developers PLC (CSE: MHDL) today announced the successful conclusion of its Annual General Meeting (AGM), held on 30th September 2026. The meeting saw shareholders approve a series of pivotal resolutions, affirming the company’s financial performance, corporate governance, and strategic direction for the upcoming financial year.
The AGM, a crucial event in the corporate calendar, addressed essential matters including the approval of financial statements, re-election and appointment of directors, and the confirmation of the company’s auditors.
Key Resolutions Passed at the AGM
Shareholders cast their votes on several important resolutions, all of which were duly passed, signaling strong confidence in the company’s management and future prospects. The resolutions approved are as follows:
- Financial Statements Approval: The financial statements of Millennium Housing Developers PLC, along with the reports of the auditors and directors for the financial year ended 31st March 2026, were officially approved. These documents had been circulated as per the requirements of the Companies Act and laid before the meeting.
- Director Re-election: Mr. K. C. C. Perera, who retired by rotation in accordance with Article 104 of the company’s Articles of Association, was re-elected to the Board of Directors.
- Director Re-appointment (Over 70): Mr. Jayaprakash Rudra, having reached the age of seventy years, was re-appointed to the Board in terms of Section 211 of the Companies Act No. 07 of 2007, reflecting his continued valuable contribution to the company.
- New Director Appointments: The Board saw the election of two new directors. Mr. N. A. D. D. P. K. Gunasekerain and Mr. Anura Walpola were both elected to the Board in accordance with Article 107 of the Articles of Association of the Company, bringing fresh expertise and perspectives.
- Charity Contributions: Contributions to charities for the financial year 2026/2027 were determined and approved by the shareholders.
- Auditor Appointment: M/s Amarasekara and Company, Chartered Accountants, were appointed as the Auditors of Millennium Housing Developers PLC for the ensuing financial year 2026/2027.
The smooth conduct of the AGM and the unanimous approval of these resolutions underscore the company’s commitment to transparency and robust corporate governance. The appointments of new directors, alongside the re-election of experienced board members, are expected to strengthen the leadership and strategic capabilities of Millennium Housing Developers PLC as it navigates the dynamic Sri Lankan real estate market.
The proceedings were communicated to the Colombo Stock Exchange by First Corporate Solutions Ltd, acting as Company Secretaries for Millennium Housing Developers PLC.
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