Company filings and market news from across Sri Lanka's stock market.
Hayleys Plantations inaugurated the Kiruwanaganga Tea Factory in Kirillapone, Matara, a Rs.780 million facility with 14,000 kg/day capacity managed by Talawakelle Tea Estates PLC. The factory features solar rooftop, advanced processing equipment and multiple sustainability certifications.
Japanese Ambassador Akio Isomata urged Sri Lanka to pursue structural reforms, diversify exports and boost foreign investment, and pledged continued Japanese cooperation following the finalisation of Sri Lanka's debt restructuring. He highlighted Expo Osaka 2025 as a platform to showcase tourism and attract investment.
The Export Development Board held a stakeholder consultation to address the impact of the US's newly imposed 44% reciprocal tariff on Sri Lankan exports. Exporters in apparel, rubber, coconut products, spices, gems & jewellery, tea and ornamental fish flagged risks and proposed diplomatic appeals, IMF engagement, market diversification and short-term support measures.
Sri Lanka's rupee weakened to 300.50/301.25 per USD (from 299.75/300.25) and government bond yields rose, with the 15.12.2026 quoted at 9.50/60% and longer-dated bonds around 10.45–11.05%. An Rs.80bn T-bill auction was ongoing and an Rs.100bn bond auction is due Thursday.
A 44% US tariff on Sri Lankan goods has come into effect immediately, hitting apparel, tea and other exporters and prompting Sri Lanka to seek negotiations (Japan and Korea first); China faces up to 104%, raising risks to export revenue and shipments.
COYLE is assembling an advisory council of export-oriented industry specialists to support the government after the US imposed a 44% reciprocal tariff on select imports that may cut Sri Lankan export volumes. The council will focus on sectors including rubber, tea, spices, apparel, electrical products and electronic components and seek measures to streamline exports and boost competitiveness.
COYLE is forming an advisory council of export-focused industry specialists to support government response after the US imposed a 44% reciprocal tariff on selected imports, a move COYLE says could hit export volumes; the initiative targets sectors including rubber, tea, spices, apparel, electrical and electronic components and aims to improve export procedures, logistics and FDI attraction.
Advocata Institute urged Sri Lanka to eliminate para-tariffs, simplify and reduce tariffs, and pursue deeper FTAs (including a revived CEPA with India) to offset US tariffs and boost trade competitiveness. It also recommended improving trade facilitation, digital readiness and regulatory coherence to integrate into regional value chains.
Teejay Lanka, Dilmah Ceylon Tea, Kelani Valley Plantations and Talawakelle Tea Estates were appointed Patrons of UN Global Compact Network Sri Lanka Working Groups from 2025, with MoUs signed on 20 March 2025; roles cover sustainable supply chains, water stewardship and climate action.
Cecrafto Pvt. Ltd. won the Best National Industry Brand (Small Scale) in the Tea, Value-Added Tea and Related Industry Sector at the National Industry Brand Excellence Awards 2024. The artisanal kombucha maker sources Ceylon tea, is expanding distribution to Colombo, Ella, Arugam Bay, Negombo and Kalpitiya, and targets 20% of the healthy beverage market by 2028.
CNCI urged the Sri Lankan government to act after the US imposed a 44% ad valorem tariff on Sri Lankan exports, warning the rate threatens export competitiveness, jobs and key sectors including apparel, tea, agriculture, rubber and shipping/logistics. CNCI said it is ready to collaborate with authorities to find solutions.
National Tea Sale Average in March was Rs. 1,183.76 (USD 4.02), up Rs. 14.83 month-on-month but down Rs. 112.72 year-on-year; the 2025 YTD average is Rs. 1,179.32, down Rs. 107.67 versus 2024. High-grown teas rose MoM while all elevations and regions recorded negative variances in Jan–Mar 2025 versus the same period in 2024.
The FTZMA warned that the US's 44% reciprocal tariff threatens Sri Lankan exporters' competitiveness, risking mass layoffs, factory closures and a hit to the trade balance, and urged the government to act swiftly. It proposed measures including an FTA, market diversification and GSP advocacy.
Browns, via Udapussellawa Plantations, bought a 37.59% stake (11,276,839 shares at Rs.35) in Tea Smallholder Factories for Rs.395 million, triggering the SEC Takeovers and Mergers Code. Akbar Brothers and Central Finance hold 24.39% and 23% respectively; TSML and UDPL shares rose on the news.
Colombo stock market plunged over 2% as the ASPI fell 350 points after the US imposed reciprocal tariffs on Sri Lanka, hitting export-oriented counters. Turnover rose to Rs.3.8bn with heavy selling in Commercial Bank, Hayleys, Melstacorp, HNB and Sampath, while a 38% TSML stake sale by JKH drove turnover.
The National Chamber of Commerce hosted a Russia–Sri Lanka business forum to explore new trade, banking and investment opportunities with a multi-industry Russian delegation. Government officials highlighted plans to boost exports—notably tea, spices and gems—and noted concerns among businesses about secondary sanctions.
A US 44% reciprocal tariff on Sri Lanka exports triggered a market sell-off, sending the ASPI down 2.19% (349.84 pts) and hitting exporters and other stocks (e.g., Hela Apparel -8.11%, Teejay Lanka -8.66%).
John Keells Holdings (JKH) sold its 37.62% stake in Tea Smallholder Factories PLC to a LOLC subsidiary for Rs 395 million (11,286,000 shares at Rs 35 each). Udapussellawa Plantations PLC, a LOLC subsidiary, acquired 11,276,839 of those shares.
Cecrafto Ltd. won the Best National Industry Brand (Small Scale) in the Tea, Value-Added Tea and Related Industry sector at the National Industry Brand Excellence Awards 2024. The artisanal kombucha maker uses Ceylon tea sourced from local estates and is expanding distribution across key tourist and urban centres.
Sunshine Holdings (CSE: SUN) announced Vish Govindasamy will move to a Non-Executive Deputy Chairman role and Group CEO Shyam Sathasivam will take over leadership of the Group. Govindasamy will continue in an advisory capacity to ensure continuity during the transition.
Sunshine Holdings PLC (SUN) said Vish Govindasamy will step down from his executive role to become Non-Executive Deputy Chairman while Group CEO Shyam Sathasivam succeeds him to lead the Group. Govindasamy will continue to support the Group in an advisory capacity and Sathasivam, CEO since 2024, will lead the next growth phase.
Dividend · Rs 2.60 · XD Apr 8, 2025
First Interim dividend of LKR 2.6/share; XD 2025-04-08; record 2025-04-08; payable 2025-04-23; FY 2024/25
Dividend · Rs 2.40 · XD Apr 8, 2025
Third Interim dividend of LKR 2.4/share; XD 2025-04-08; record 2025-04-08; payable 2025-04-22; FY 2024/2025
Dividend · Rs 0.35 · XD Apr 8, 2025
Third Interim dividend of LKR 0.35/share; XD 2025-04-08; record 2025-04-08; payable 2025-04-22; FY 2024/25