Company filings and market news from across Sri Lanka's stock market.
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.
Commercial High Court (Colombo) ruled in favour of Rice Lanka Processing Ltd, finding that an Amana Takaful PLC cover note provided valid interim insurance for two flood claims totalling Rs. 66,006,338. The decision affirms cover notes are legally binding and raises insurer liability in similar cases.
Fitch upgraded four Sri Lankan insurers' National IFS ratings after recalibrating the national scale following Sri Lanka's sovereign upgrade; People's Insurance was upgraded to A(lka) and Co-operative Insurance's rating was affirmed at BB(lka). Fitch said the moves reflect reduced investment and liquidity risks tied to the sovereign and banks.
Fitch upgraded the national IFS ratings of four Sri Lankan insurers after recalibrating the national rating scale following a sovereign upgrade — People's Insurance (PINS.N0000) was raised to A(lka), HNB Assurance and HNB General were upgraded, while Co-operative Insurance (COOP.N0000) was affirmed at BB(lka).