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.
Tal Lanka Hotels Plc
TAJ.N0000Hotels & Tourism · Hotels/Resorts/Cruise lines
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 3.5B | Rs -327.8M | -2.35 |
| 2024 | Rs 3.7B | Rs 96.1M | 0.69 |
| 2023 | Rs 2.4B | Rs -1.3B | -9.25 |
| 2022 | Rs 1.1B | Rs -1.7B | -12.28 |
| 2021 | Rs 484.2M | Rs -1.1B | -7.84 |
| 2020 | Rs 2.4B | Rs -259.6M | -1.86 |
| 2019 | Rs 2.7B | Rs -283.2M | -2.03 |
Recent dividends
No dividend records.
About Tal Lanka Hotels Plc
TAL Lanka Hotels PLC is an owner and operator of the Taj Samudra hotel in Colombo, Sri Lanka. The company’s business is centered on hotel and hospitality operations associated with the Taj Samudra brand in Colombo. The firm's primary activities comprise the operation and management of the Taj Samudra hotel, serving guests in the Colombo market and participating in Sri Lanka’s tourism sector. The company reports a strong focus on corporate governance and regulatory compliance, maintaining policies and procedures to support transparency, risk management and stakeholder engagement in line with Colombo Stock Exchange requirements.
AI analysis
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Describes news flow, not a forecast2 articles in 30 days: 1 positive, 0 negative, 1 neutral.
Rights issue · 42:108 at Rs 28.00
Rights issue (42:108) at LKR 28/share
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.
Tal Lanka Hotels (TAJ) will convert USD 4.47m (LKR 1.32bn) of shareholder loans into equity by issuing 32,228,524 ordinary shares at LKR 41 via a private placement. Major shareholders TAL Hotels and Resorts (26.3m) and IHOCO BV (5.9m) will receive the shares; issuance is subject to CSE and shareholder approvals.
Hotels & Tourism sector: what is happening
Last 30 days to Aug 4, 2026Tourism showed a July rebound led by India: arrivals surpassed 1.3 million by late month, though year-to-date remains about 2% below last year. Sector receipts fell 12% in 1H. Authorities cut 2026 targets due to Middle East-linked air corridor disruptions. BIA handled 4.75 million passenger movements in 1H with 1.14 million tourist arrivals. The Cabinet approved leasing five underutilised Presidential Residences to private investors for tourism development.
The stories behind it
Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.