Colombo, 01 October 2026 – Mahaweli Coconut Plantations PLC (CSE: MAHA) announced today that all resolutions presented at its Annual General Meeting (AGM), held yesterday on 30th September 2026, were duly approved and passed by the company’s shareholders. This crucial development signals strong shareholder confidence in the company’s governance and strategic direction.
The announcement, made in compliance with Rule 7.2 of the Colombo Stock Exchange (CSE) Listing Rules, confirms the successful conclusion of the AGM, where key decisions impacting the company’s financial health and leadership were ratified.
Key Resolutions Approved by Shareholders
According to the notice issued by KALRUPCO Management Services (Private) Ltd, the Company Secretaries for Mahaweli Coconut Plantations PLC, the resolutions approved include several vital aspects of the company’s operations and governance:
- Declaration of Cash Dividend: Shareholders approved the resolution pertaining to the declaration of a cash dividend, a positive indicator for investors and a reflection of the company’s profitability.
- Re-election of Directors: The re-election of directors, essential for maintaining continuity and stability in the company’s leadership, received shareholder approval.
- Re-appointment of Independent Director: Mr. Munaweera Aratchige Chithral Hilarian Munaweera was re-appointed as an independent director of the Company. This re-appointment was made as recommended by the Nominations and Governance Committee and confirmed by the Board of Directors, in adherence to the requirements under Rule 9.8.3 (ix) of the CSE Listing Rules, as per Circular No.03/2025 dated 28th February 2025.
A Testament to Strong Governance
The unanimous approval of all resolutions underscores effective corporate governance and transparency within Mahaweli Coconut Plantations PLC. The re-appointment of an independent director, specifically citing compliance with CSE Listing Rules and circulars, highlights the company’s commitment to robust oversight and adherence to regulatory frameworks designed to protect shareholder interests.
KALRUPCO Management Services (Private) Ltd, serving as the Company Secretaries, facilitated the necessary regulatory filings with the Colombo Stock Exchange. Their comprehensive support ensures that Mahaweli Coconut Plantations PLC continues to meet its statutory and regulatory obligations effectively.
This positive outcome from the AGM provides clarity and stability for Mahaweli Coconut Plantations PLC, setting a clear path forward for its operational and strategic objectives in the coming financial year. Shareholders can anticipate further details regarding the approved cash dividend in due course.
Source: Read original document
