Company filings, disclosures and news on Hela Apparel Holdings PLC (HELA), Apparel/Footwear on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
Sri Lanka's ASPI rose 0.17% to 21,657.17 in early trading while the S&P SL20 gained 0.54% to 6,091.65 on turnover of Rs 446 million. Several firms were placed or moved to the watchlist for non-submission of FY2026 annual reports (SHL, HELA, MEL, LGL, EXT, BFN, TESS, EMER); top gainers included DIAL, HNB, COMB, AEL, ACL and top losers HAYC, DOCK, BIL, CCS.
BOI confirms 3,674 employees formerly of Hela Clothing and Foundation Garments were absorbed into Emerald Clothing (Pvt) Ltd with continuity of service (2,504 on 1 May; 1,170 on 1 June 2026). Hela Apparel Holdings PLC and related firms have filed for winding-up in the Commercial High Court.
The BOI confirmed 3,674 employees of Hela Clothing Ltd. and Foundation Garments Ltd. were transferred and absorbed into Emerald Clothing Ltd. in two phases (1 May and 1 June 2026), preserving employment continuity, after Hela Apparel Holdings PLC filed for court-ordered winding up.
Hela Apparel Holdings PLC has resolved to seek a Court-ordered winding up after its board concluded the company and two subsidiaries are unable to pay their debts due to continuing liquidity constraints. Winding-up applications were filed in the Commercial High Court on 5 August after restructuring and strategic options were exhausted.
Colombo Stock Exchange closed higher (ASPI +0.49%) as turnover hit a 2026 high of Rs.12.24 billion following a record Rs.9 billion sale of Commercial Credit shares; Central Finance, Commercial Bank and Cargills were top gainers. Hela Apparel has initiated court proceedings to wind up the company and key subsidiaries.
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