Bogala Graphite Lanka PLC news & filings

The Export Development Board is intensifying efforts to expand Sri Lanka's graphite industry to boost mineral export revenue, including a field visit to Bogala Graphite Lanka PLC to review mining, processing and value-add operations. The drive aims to enhance market access, R&D and partnerships under the NEDP.

Bogala Graphite Lanka said it has been notified of an indirect change of control after its majority shareholder Graphit Kropfmühl GmbH, which holds an 86.46% stake, was sold to a wholly owned subsidiary of Asbury Advanced Materials. The company reported no changes to operations or management; shares closed Rs.2.75 lower at Rs.134.

Colombo Stock Exchange closed lower, with the ASPI down 0.38% to 21,148.71 and market turnover of Rs.1.094 billion; capital goods led turnover at Rs.389 million. Bogala Graphite reported an indirect change of control (shares down 2.01%) and Lankem Ceylon disclosed a Rs.500m corporate guarantee for its subsidiary (shares up 5.23%).

Colombo market fell 0.22% as the ASPI closed at 22,208.58 with turnover near Rs.1.2bn and foreign net outflows of Rs.130.6m. Main negative contributors included SAMP, JKH, LOFC, GRAN and RICH, while SPEN, BOGA and HAYC recorded gains.

Pathfinder Foundation held a diplomatic dialogue to advance Sri Lanka’s critical minerals sector and agreed to establish an International Study Group on Critical Minerals to drive policy reform and attract FDI. Bogala Graphite (CEO Amila Jayasinghe) participated, with industry calls for regulatory reform, digital licensing and value-added processing.

The Colombo stock market gained Rs.84 billion as the ASPI rose 1.42% to 22,445.89. Top contributors included Colombo Dockyard, Melstacorp, Hatton National Bank, Richard Pieris and Commercial Bank, with capital goods, banking and materials driving turnover and hotel stocks seeing buying interest.