COLOMBO, Sri Lanka – 01 October 2026 – Millennium Housing Developers PLC (CSE: MHL), a prominent player in Sri Lanka’s real estate sector, has announced a change in its external auditors for the upcoming financial year. Shareholders, at the Annual General Meeting (AGM) held on September 30, 2026, approved the appointment of M/s. Amarasekara and Company, Chartered Accountants, as the company’s new external auditors.
Key Details of the Audit Transition
The decision, formally disclosed to the Colombo Stock Exchange (CSE) in accordance with Section 8 of the Listing Rules, sees M/s. Amarasekara and Company taking over from M/s. KPMG, Chartered Accountants. This change will be effective for the financial year 2026/2027, which concludes on March 31, 2027.
The appointment of M/s. Amarasekara and Company was made following a comprehensive recommendation from the Audit Committee, subsequently approved by the Board of Directors of Millennium Housing Developers PLC. This process underscores the company’s adherence to robust corporate governance practices and its commitment to ensuring independent financial oversight.
Implications for Corporate Governance and Transparency
Changes in external auditors are a periodic occurrence in corporate governance, often undertaken to ensure independence, fresh perspectives, and compliance with best practices. For publicly listed entities like Millennium Housing Developers PLC, such announcements are crucial for maintaining transparency with shareholders and the wider market. The transition reflects a standard procedure within corporate frameworks designed to uphold accountability and the integrity of financial reporting.
About Millennium Housing Developers PLC
Millennium Housing Developers PLC has established itself as a significant entity in Sri Lanka’s competitive real estate landscape, known for its diverse portfolio of housing projects and commitment to quality development. The company’s consistent engagement with regulatory requirements, such as those stipulated by the CSE, reinforces its dedication to good corporate citizenship.
This announcement provides clarity to investors and stakeholders regarding the external audit arrangements for the company’s upcoming financial year, ensuring continued confidence in its financial disclosures and governance structure.
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