Company filings, disclosures and news on Odel PLC (ODEL), Apparel/Footwear Retail on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
Softlogic Holdings (SHL) reported a group PBT of Rs. 24m for FY26, its first pre-tax profit since 2019, with revenue up 24.5% to Rs. 129b and EBITDA rising to Rs. 17.8b. The group signed restructuring offers covering about Rs. 59.7b of bank facilities; Softlogic Life raised $15m, Softlogic Finance had lending restrictions lifted, and ODEL Mall Phase I will be funded via pre-sales with no new debt.
The Body Shop has relaunched its Spa of the World collection in Sri Lanka, offering spa-quality bodycare products. The range is sold at the Bagatale Road flagship, outlets including Odel, Alexandra Place, and online with island-wide delivery.
The Securities and Exchange Commission has deferred suspension of trading in Softlogic Holdings and its subsidiary Odel until 30 June 2027 (previously due from 31 Aug 2026) following auditors' going-concern emphasis; Softlogic closed at Rs.10.40 and Odel at Rs.11.30.
Odel PLC has revised its Odel Mall plan, prioritising completion of Zone 1 within 18-24 months and deferring Zone 2. Construction has recommenced, significant contracts and capital commitments remain, and the company is pursuing a reduced-scope financing plan plus loan restructuring with a HNB-led banking consortium.
ODEL PLC has disclosed that construction on Zone 1 of the Odel Mall Project in Colombo 07 has re-commenced and is expected to be completed within 1½-2 years. The company said Zone 2 (100-perch) will be held for future development and provided the update to curb speculation.
Colombo Stock Exchange closed higher, the ASPI rose 0.20% (41.92 pts) to 21,229.14 and turnover was Rs 2.02bn with retail leading at Rs 1.04bn. SANASA Life said escrow proceeds were released and invested in government securities, and Odel restarted construction on Zone 1 of its mall with completion expected in 1.5-2 years.
The Body Shop Sri Lanka launched a Mid-Season Sale offering up to 50% off select skincare, bodycare, haircare, makeup and fragrance items until 31 July 2026. The promotion runs across all outlets including the brand’s shop at Odel Alexandra Place and online.
Consumer Staples (FMCG)
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