Tal Lanka Hotels Plc news & filings

Tal Lanka Hotels Plc (TAJ.N0000) will raise Rs.1,871,429,980 via a rights issue of 66,836,785 new shares at Rs.28 each to repay/pre-pay loans, finance refurbishment of the Taj Samudra, settle vendor dues and meet corporate requirements. The issue is subject to Colombo Stock Exchange and shareholder approvals.

Rights issue · 42:108 at Rs 28.00

Rights issue (42:108) at LKR 28/share

The India Cup 2026 golf tournament was held at the Royal Colombo Golf Club on 23 January 2026 with a record number of participants. Event sponsors included Lanka Ashok Leyland, Lanka IOC, Carson Cumberbatch and Tal Lanka Hotels.

The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 September; M. Raghuraman was re-elected president and Lanka IOC MD Dipak Das was elected a vice-president. Panelists urged deeper India–Sri Lanka cooperation in energy, digital infrastructure and trade; committee includes Hemas, John Keells, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels.

The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 Sep 2025; M. Raghuraman was re-elected President and Dipak Das (MD, Lanka IOC) and Krishna Selvanathan were elected Vice Presidents. The ILCCI committee includes Hemas, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels among others.

Colombo stocks closed marginally down, with the ASPI falling 0.23% to 18,100 and the S&P SL20 down 0.22% to 5,347. Seylan Bank received in-principle CSE approval for a Rs15bn Basel III debenture issue, and Tal Lanka Hotels listed 32,228,524 ordinary voting shares after a private placement.

TAL Lanka Hotels PLC major shareholders will convert $4.47m (Rs.1.321bn) of loans into equity via a proposed private placement of ~32.3m shares at Rs.41 each (26.3m to TAL, 5.9m to IHOCO) to strengthen the company's financial position. The issue is subject to CSE listing approval and shareholder approval.