Company filings and market news from across Sri Lanka's stock market.
Deputy Minister Eranga Weeraratne urged boards and CEOs to set the tone on data privacy and embed protection into digital systems from the start, calling for stronger digital literacy and investment in secure infrastructure as Sri Lanka expands digital services.
Mastercard is the Title Partner for the Data Privacy and Protection Summit 2026, scheduled for 23 July at Cinnamon Grand Colombo. With PDPA enforcement imminent, the summit will focus on data governance, AI-related risks and compliance issues relevant to hotel operators and other businesses.
A seminar on Beneficial Ownership compliance will be held on 22 July 2026 at The Kingsbury, Colombo to provide guidance on BO filings under the Companies Act No. 12 of 2025 and CBSL Direction 2 of 2026, highlighting the statutory BO filing deadline of 30 September 2026 and non-compliance risks.
FitsAir will launch thrice-weekly direct Ahmedabad–Colombo flights from 19 June 2026 (about 3h40m), partnered with City of Dreams Sri Lanka and Cinnamon Hotels & Resorts, improving access for Gujarat travellers and expected to boost inbound tourism to Colombo.
A seminar on recent mid-year tax reforms will be held on 24 June 2026 at Cinnamon Lakeside, covering increases to CGT, criminalisation of tax offences, new income tax calculations, expanded CGIR powers, digital VAT and lower VAT/SSCL thresholds. It is targeted at hotel management, banking/finance compliance and tax professionals.
Opposition Leader Sajith Premadasa urged deeper Sri Lanka–India economic integration to boost trade and investment, highlighting UPI payment integration and proposed energy connectivity. He encouraged entrepreneurs and investors to pursue expansion and adapt to technological change.
Aitken Spence PLC posted FY26 PBT of Rs. 12.8 billion (up 18%) and PAT of Rs. 9.1 billion (up 27%). Tourism was the main driver—accounting for 61% of group contribution—overseas operations provided 61% of profits, and the group secured SBTi-validated emission reduction targets.
Dividend · Rs 0.28 · XD Jul 1, 2026
First And Final dividend of LKR 0.28/share; XD 2026-07-01; record 2026-07-01; payable 2026-07-20; FY 2025/2026
Colombo Stock Exchange ASPI rose 0.50% to 22,310.80, with diversified financials leading turnover at Rs.3.89bn and total turnover Rs.7.38bn. Aitken Spence reported Q1 profit of Rs.3.81bn and declared a tax-exempt Rs.4.00/share dividend; Aitken Spence Hotel Holdings declared a Rs.0.28/share tax-exempt dividend.
eMarketingEye launched Sri Lanka’s first AI Visibility Study for Hotels, analysing AI visibility for 742 hospitality brands across 18 segments on platforms like ChatGPT, Gemini and Perplexity. The study names segment winners (e.g., Anantara Peace Haven Tangalle) and urges hotels to optimise for AI-driven discovery.
Branding in Sri Lanka is shifting toward people-centered co-creation supported by AI—with nearly 90% of digital content ignored—offering opportunities for firms (e.g., Dialog Axiata) and hotel, tea and consumer brands to use community-driven storytelling and creator networks.
Deputy Minister of Tourism says Sri Lanka must reposition to capture more of India's outbound travel—only about 531,000 of 32.7 million Indians travelling overseas in 2025 visited Sri Lanka. He highlighted AI/digital trends reshaping demand and flagged agriculture, marine and the creative economy as growth areas.
Melstacorp Plc and Aitken Spence Hotel Holdings are offering to buy minority shares of Browns Beach Hotels at LKR 30 per share ahead of the company's planned delisting from the Colombo Stock Exchange. The acceptance period runs from May 5 to June 5; Browns Beach cited sustained tourism-related losses since 2019.
Melstacorp (MELS.N0000) and Aitken Spence Hotel Holdings (AHUN.N0000) opened an unconditional Rs.30-per-share exit offer today for minority shares in Browns Beach Hotels PLC ahead of its planned CSE delisting; the offer closes on 5 June with settlement by 12 June.
Browns Beach Hotels PLC will cease trading on the CSE today (27) ahead of formal delisting, with majority shareholders Melstacorp (MELS.N0000) and Aitken Spence Hotel Holdings (AHUN.N0000) offering minority shareholders LKR 30.00 per share. The delisting follows sustained losses, failure to meet public float rules and a negative net asset position.
Sentido Heritance Negombo (Aitken Spence Hotel Holdings) marks its 10th anniversary with the 'Decade One' campaign. Opened in April 2016, the beachfront hotel highlights LEED and five-star credentials, Travelife Gold, a 5% reduction in CO2 per room night in 2025, community programmes and a new restaurant.
Gulf escalation and shipping disruptions have hit Sri Lanka's tourism, tea and apparel sectors, pulling the bourse down 12.7% through March 20; plantation and apparel stocks plunged (Namunukula -30.6%, Agalawatte -22%, Teejay Lanka -20.6%) while Sunshine benefits from higher palm oil prices.
All companies on the Colombo Stock Exchange Main Board must adopt sustainability reporting under SLFRS S1 and S2 effective 1 January 2026. A seminar on ‘Sustainability Reporting for Corporates’ will be held 26 March 2026 at The Kingsbury to brief directors and senior executives.
NPCI International has expanded UPI merchant acceptance in Sri Lanka, enabling Indian tourists to pay via LankaQR at major outlets including Cinnamon Hotels and Keells Supermarket to simplify cross-border digital payments and boost tourism-related spending.
Entrepreneurs’ Organisation held its Presidents’ Meeting in Colombo (5–8 Feb 2026) with over 300 attendees from 79 chapters, generating hotel bookings and a short-term boost to Colombo’s visitor economy and business tourism.
ACP Asset Management launched the first Sri Lanka-focused UCITS fund, seeded with $10m and expecting a further $25m within 30 days, targeting $100m AUM in 6–12 months. The fund will invest in Sri Lankan equities, sovereign eurobonds and liquid treasury instruments and aims to draw foreign capital into sectors including banking, construction, F&B and tourism.
BOI will host the 'Invest in Sri Lanka' Forum on 30 March 2026 at Cinnamon Life to showcase sustainable, technology-driven and high-value investment opportunities. The forum highlights include a 70% renewable electricity target by 2030 and prospects across hospitality, logistics, manufacturing and digital infrastructure.
Global Biz Connect 2026 will be held in Colombo at Cinnamon Life on 3 March 2026, bringing diplomats, trade bodies, multinationals and investors together to connect Sri Lankan enterprises with international markets. Panels will cover industries including value-added tea, confectionery, hospitality and medical tourism.
Aitken Spence Hotel Holdings PLC appointed C.M.S. Jayawickrama as Managing Director effective 1 April 2026. He was previously an Executive Director, is MD of Aitken Spence Hotel Managements Ltd and has over three decades' experience in the group's hotel operations.