Colombo, Sri Lanka – 02 October 2026 – Paragon Ceylon PLC (CSE: PARA) has formally announced the convening of its Sixty Ninth (69th) Annual General Meeting (AGM), scheduled to take place on Friday, 9th October 2026, at 10.45 a.m. The crucial corporate gathering will be held at the Nondescripts Cricket Club, Committee Room, No 29, Maitland Place, Colombo 7, inviting shareholders to participate in key decisions pertaining to the company’s governance and future direction.
The official notice, originally issued by Businessmate (Private) Limited, Director/Secretaries, on 28th September 2026, outlines a comprehensive agenda for the upcoming meeting, focusing on financial oversight, board composition, and corporate authorizations for the ensuing year.
Key Agenda Items for the 69th AGM
Shareholders attending the AGM will be presented with several critical resolutions, shaping the operational and financial trajectory of Paragon Ceylon PLC:
- Financial Review: To receive and consider the Annual Report of the Board of Directors on the affairs of the Company and the Financial Statements for the year ended 31st March 2026, along with the Report of the Auditors thereon. This provides a transparent overview of the company’s performance and financial health over the past fiscal year, enabling shareholders to assess its financial standing.
- Director Re-election: Mr. M. R. Y. Riffai is set to be re-elected as a Director of the Company. Mr. Riffai retires by rotation in terms of Article 84 of the Articles of Association, a standard corporate governance practice ensuring periodic review and approval of board members by shareholders, affirming their continued leadership.
- Donations Authorization: Directors will seek authorization from shareholders to determine donations for the ensuing financial year. This approval is essential for the company’s corporate social responsibility initiatives and philanthropic activities, allowing it to contribute to broader community development.
- Auditor Re-appointment: The re-appointment of Messrs. Bakertilly Edirisinghe & Company, Chartered Accountants, as the Auditors of the Company, will be put forth for approval. Additionally, shareholders will authorize the Directors to determine their remuneration for the continued provision of independent auditing services, crucial for maintaining financial transparency and accountability.
Shareholder Participation and Proxy Information
Paragon Ceylon PLC emphasizes the right of every shareholder to attend and vote at the meeting, underscoring its commitment to transparent corporate governance. For those unable to attend in person, the company has facilitated the appointment of a proxy. A shareholder is entitled to appoint a Proxy to attend and vote instead of him/her, and importantly, a Proxy need not be a shareholder of the Company, offering flexibility to investors.
Shareholders intending to appoint a proxy are advised to deposit the completed Form of Proxy at the Registered Office of the Company not less than forty-eight (48) hours before the time fixed for the commencement of the Meeting. This ensures that all proxy registrations are duly processed ahead of the proceedings, guaranteeing smooth conduct of the AGM.
The 69th AGM represents a vital opportunity for Paragon Ceylon PLC’s shareholders to engage with the company’s leadership, review its performance, and contribute to its future strategic direction, reinforcing investor confidence and corporate stability.
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