Colombo, 30 September 2026 – Raigam Wayamba Salterns PLC (CSE: RWSL) successfully concluded its 21st Annual General Meeting (AGM) on Tuesday, September 29, 2026, where shareholders unanimously adopted all proposed resolutions. The announcement, confirmed by the Company Secretaries, Business Intelligence (Private) Limited, signals a clear mandate from investors regarding the company’s strategic direction and governance.
The AGM, held at the Auditorium of the Centre for Banking Studies in Sri Jayawardanepura, Kotte, commenced at 10:00 a.m. The proceedings followed the Notice of Meeting issued on August 31, 2026, ensuring full transparency for all stakeholders.
Key Resolutions Adopted by Shareholders
The meeting saw the approval of several crucial items that will shape Raigam Wayamba Salterns PLC’s operations and financial distributions for the coming year:
- Financial Statements and Directors’ Report: Shareholders received and considered the Directors’ Report and the Audited Financial Statements for the financial year ended 31st March 2026, along with the Auditors’ Report thereon, affirming the company’s financial performance.
- Dividend Declaration: A significant highlight was the approval of a first and final dividend of LKR 0.25 per share, as recommended by the Board of Directors, rewarding shareholders for their investment.
- Director Re-appointments: In a move to ensure continuity and leverage experienced leadership, shareholders passed ordinary resolutions to re-appoint two independent directors who had attained the age of 70 years or more. This re-appointment was made in accordance with Section 211 of the Companies Act No. 7 of 2007, notwithstanding Section 210, and their continuation as Independent Directors under Section 9.8.3 of the CSE Listing Rules. The re-appointed directors are:
- Mr. H. A. S. Samaraweera (aged 71)
- Mr. T. Dharmarajah (aged 70 by 7th August 2026)
- Auditor Re-appointment: Messrs Ernst & Young, Chartered Accountants, were re-appointed as the company’s Auditors for the ensuing year, with the Directors authorized to determine their remuneration.
- Authorization for Donations: The Directors were authorized to determine donations for the financial year 2026/2027 and up to the date of the next Annual General Meeting.
Implications for Investors and Market
The successful conclusion of the AGM and the adoption of all resolutions underscore the stability and confidence in Raigam Wayamba Salterns PLC’s management and future prospects. The approved dividend provides a direct return to shareholders, while the re-appointment of seasoned directors ensures continuity in governance and strategic oversight, particularly within the framework of Colombo Stock Exchange (CSE) listing rules.
This positive outcome is expected to reinforce investor confidence in the company’s adherence to corporate governance standards and its commitment to delivering value. The company, a prominent player in Sri Lanka’s business landscape, continues to demonstrate transparency through its regular CSE announcements and engagement with shareholders.
The official notification to the Chief Regulatory Officer of the Colombo Stock Exchange was submitted by Business Intelligence (Private) Limited, the Company Secretaries for Raigam Wayamba Salterns PLC, confirming compliance with Section 7.2 of the CSE Listing Rules.
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