Company filings and market news from across Sri Lanka's stock market.
Arpico Insurance PLC has appointed Jayalal Hewawasam as its new Chief Executive Officer. Hewawasam brings over 25 years' experience, including as CEO of Allianz Life Insurance Sri Lanka, and the company is a subsidiary of Richard Pieris & Company PLC.
ASPI touched 24,000 intraday for the first time, closing at 23,956.51, up 142.74 points. Turnover rose to Rs.10.50 billion led by heavy trading in Colombo Dockyard (Rs.2.12bn) and LOLC Holdings (Rs.1.24bn), with gains led by LOLC, Colombo Dockyard, Commercial Bank, Browns Investments and Melstacorp.
EFC's National Best Employer Awards 2025 honoured SPEN.N0000, COMB.N0000, DIAL.N0000, HNB.N0000, HAYL.N0000, HHL.N0000, JKH.N0000 and others as Best Employer winners; honourable mentions included CTC.N0000, LLUB.N0000 and LION.N0000.
ASPI rose 0.03% (7.45 pts) to 23,813.77 while the S&P SL20 slipped 0.02% to 6,617.85; turnover was Rs.8.3 billion and foreigners were net sellers with a reported net outflow of Rs.144.6 billion. Top contributors included HNB, DFCC, UML, RICH and ASCO, with DOCK, HAYL and SFCL dragging the index.
CIM has appointed a Sri Lanka Professional Member Support Committee led by Dr. Lewie Diasz; the panel includes senior marketing executives from Lion Brewery, Hayleys, National Development Bank, HNB, DIMO and The Kingsbury.
Hayleys PLC announced a Rs.9 billion rights issue (three new shares for every 50 at Rs.200) and a Rs.6 per-share dividend (Rs.4.5 b) for FY26. Proceeds will fund new investments and partial debt settlement; the rights issue requires CSE and shareholder approvals.
Almas Holdings sold a 24.78% stake in Renuka Holdings for Rs. 243 million, disposing 5.16% (1.25m non-voting shares) to the Capital Alliance Quantitative Equity Fund and 19.62% (4.75m shares) on market at Rs. 40.50; Renuka non-voting shares closed at Rs. 43.50 (+Rs. 1.90).
Sunshine Holdings (SUN.N0000) will acquire a 75% stake (577,320 shares) in Joint Agri Products Ceylon for Rs. 2.698 billion. JAPC processes and exports spices, coconut products and teas (mainly to the EU and US), and Sunshine says the deal expands its consumer and export footprint.
Hayleys PLC approved an interim dividend of Rs.6 per share and proposed a Rs.9.0bn rights issue (45,000,000 shares at Rs.200) to fund new investments and part-settlement of debt. Ex-dividend 30 Jan, record 2 Feb, payment 12 Feb; rights issue subject to CSE and shareholder approval.
ASPI closed at an all-time high of 23,806.32, up 0.77% (182.58 pts) on turnover above Rs.9.8bn. Gains were led by Hayleys, Colombo Dockyard and Sampath Bank, with the capital goods and banking sectors among the top contributors.
Carson Cumberbatch (CARS.N0000) and Bukit Darah (BUKI.N0000) said their subsidiary Goodhope was notified of a provisional administrative fine of ~IDR 1,826 billion (~$108.4m) linked to Indonesia's palm oil nationalisation. Goodhope is seeking clarification, engaging with authorities and says it has adequate liquidity.
Hayleys Plc will raise Rs9 billion via a rights issue of 45,000,000 ordinary voting shares (3 new for every 50) priced at Rs200 each to fund new investments and part-settlement of debt; the issue is subject to CSE and shareholder approvals.
Colombo Stock Exchange closed marginally up as the ASPI rose 0.03% to 23,813 with turnover Rs 8.32 billion. Top contributors included HNB and DFCC; Hayleys fell after announcing a Rs6 dividend and a 3-for-50 rights issue, while Renuka rose after disclosure of a 24.78% non-voting stake sale.
The Sri Lanka–Germany Business Council held its 26th AGM and elected Gerard Victoria as President for 2025/26; Aitken Spence group companies were elected to the Executive Committee and the council highlighted priorities including strengthening tourism cooperation and promoting bilateral investment in energy, logistics, manufacturing and digital services.
Sunshine Holdings PLC will buy a 75% stake in Joint Agri Products Ceylon for Rs2.698 billion. JAPC exports spices, coconut products and teas mainly to the EU and USA and will keep its founder shareholders on the board.
Rights issue · 3:50 at Rs 200.00 · XD Mar 18, 2026
Dividend · Rs 6.00 · XD Jan 30, 2026
First Interim dividend of LKR 6/share; XD 2026-01-30; record 2026-02-01; payable 2026-02-12; FY 2025/26
Sunshine Holdings PLC (SUN) will acquire a 75% stake in Joint Agri Products Ceylon (JAPC) under a share purchase agreement signed 21 January 2026, targeting expansion of its consumer sector and export presence in premium organic spices and agri products.
Colombo Dockyard drove turnover and traded higher after India’s Mazagon Dock bought a 41.73% stake; the ASPI rose 0.76% to 23,803 with market turnover Rs9.81bn, of which DOCK accounted for Rs2.65bn.
The Sri Lanka–Germany Business Council elected Gerard Victoria as President at its 26th AGM and set priorities to strengthen tourism cooperation and promote bilateral investment in energy, logistics, manufacturing and digital services. Aitken Spence units were elected to the Council's Executive Committee.
CBL Group announced the acquisition of Indonesian coconut processor PT Tri Jaya Tangguh Indonesia for over USD 25 million. The IFC-supported deal aims to boost processing capacity, strengthen supply-chain resilience and expand exports to Europe and the United States.
Colombo market ended flat as the ASPI fell 0.02% to 23,623.74 with turnover near Rs.5.17 billion and foreign investors net sold about Rs.91 million. Top negative contributors were SFCL, JKH, BUKI, CTHR and DFCC, while DOCK, ACL and RHL led turnover and HAYL and DOCK supported index performance.
Colombo Stock Exchange closed flat with the ASPI down 0.02% at 23,623.74 as speculative interest in Colombo Dockyard drove turnover. Colombo Dockyard listed 323,365,158 new ordinary voting shares after its rights issue; top contributors included Hayleys, Dockyard, ACL Cables, Commercial Bank and Nations Trust Bank.
Hemas Holdings (HHL.N0000) announced Project Fusion, a major transformation to unify processes, digitise operations and build real-time data capabilities to accelerate decision-making and group growth. KPMG will implement the program with EY providing independent governance oversight.
Richard Pieris Finance reported profit before tax of Rs. 292 million for the six months to 30 Sep 2025 (PBT >75% y/y), with PAT up 47% and total assets rising 20% to over Rs.20 billion, driven by improved lending, cost discipline and supported by a Fitch 'A(lka)' Stable rating.