The SEC has deferred the suspension of trading in Millennium Housing Developers PLC shares until 31 August 2026 (previously due 31 December 2025). The company was placed on the Watch List in December 2023 after auditors raised a going-concern emphasis for FY2023, repeated in FY2024 and FY2025; shares closed at Rs.6.60.
SEC deferred the trading suspension on Millennium Housing Developers PLC (MHDL.N0000) until 31 December. The suspension, due to take effect on 1 September, related to 'emphasis of ongoing concern' notes in the Independent Auditor’s Reports for the years ended 31 March 2024 and 31 March 2025.
SEC has deferred the trading suspension of Millennium Housing Developers PLC until further notice; the suspension related to a going-concern qualification in the company's audited statements for the year ended 31 March 2023.
Millennium Housing Developers (MHDL.N0000) will not be suspended from trading as of Sept 1 after it requested a deferment from the SEC under CSE Listing Rule 7.5, the exchange said. The company faced suspension over a going-concern qualification in its audited statements for the year ended 31 Mar 2023 and the stock was trading flat at Rs 7.40.
Further to the notice published on 21st August 2025 regarding the trading suspension of MHDL.N0000, please note that, since the company has requested a deferment from the SEC in terms of Rule 7.5(d)(ii)A.12 of the CSE Listing Rules, the trading of the said security will not be suspended until further notice .
Millennium Housing Developers (MHDL.N0000) faces suspension from trading from Sept 1 unless it resolves auditor-highlighted going-concern accounting noncompliance by Aug 29. The CSE cited an 'Emphasis of Matter' in the audited FY2023 report; the stock was trading at Rs 7 (up Rs 0.20).
ASPI fell 0.23% (41 points) to 18,000 as profit-taking weighed on the Colombo market, led by declines in HAYL, CTHR, DOCK, GRAN and SAMP. Turnover was Rs.5.6bn with capital goods (notably JKH, AEL) and banking among top contributors; foreign investors were net sellers of Rs.48.3m.
Colombo market closed the week higher as the ASPI rose 39 points to 16,855, led by gains in HAYL, CALH, COMB, NDB and RIL; total turnover was Rs. 5.2 billion and foreign investors recorded a net outflow of Rs. 441.6 million.
Millennium Housing Developers PLC sold 18.5 acres in Homagama to Prime Lands Ltd for Rs. 440 million via its fully owned subsidiary Millennium Housing Ltd.
Millennium Housing Developers PLC appointed Melwin Perera as a Non-Executive Independent Director, filling the vacancy left by the resignation of Uditha Palihakkara.