Company filings and market news from across Sri Lanka's stock market.
Lanka Realty Investments PLC (ASCO.N0000) sold its 50.88% controlling stake in On'ally Holdings PLC (ONAL.N0000) to Lee Hedges PLC (SHAW.N0000) for about Rs.2.26 billion, unlocking capital and an estimated separate-company gain of ≈Rs.834.09m before costs. Lee Hedges gains Unity Plaza, boosting recurring rental income and scale.
Colombo market rose after the Central Bank held policy rates steady; ASPI +0.02% to 21,149.56 while S&P SL20 fell 0.21%. SEYB, PKME, CARG and SEMB were main positive contributors as real estate management & development drove 65% of turnover with crossings in ONAL; foreigners net-sold Rs.241m.
Lanka Realty Investments (ASCO.N0000) reported FY26 pre-tax profit of Rs.2.92 bn, total assets of Rs.29.7 bn and NAV per share of Rs.51.40, driven by fair value gains and a value-accretive 51% acquisition of Lee Hedges; the enlarged portfolio and lower LTV support stronger recurring income.
Dividend · Rs 1.00 · XD Feb 18, 2026
First Interim dividend of LKR 1/share; XD 2026-02-18; record 2026-02-18; payable 2026-03-10; FY ending 31st March 2026
Lee Hedges PLC appointed Hisham Jamaldeen and Archie Warman as Non-Independent Executive Directors. Both have 20+ years in corporate finance and real estate and hold directorships at On'ally Holdings and Lanka Realty Investments; Jamaldeen has also served at Hayleys PLC.
Lanka Realty Investments PLC said its subsidiary On'ally Holdings commissioned Sri Lanka's largest outdoor LED display at Unity Plaza after investing up to Rs. 200 million, with management projecting about Rs. 150 million in additional annual revenue.
On'ally Holdings PLC appointed Eng. Kumudu Lal as Chairman; he is Secretary to the Ministry of Housing, Construction and Water Supply and Chairman of the Urban Development Authority with over 28 years' experience in civil and environmental engineering and major national infrastructure projects.
Lanka Realty Investments PLC appointed Sarravanan Neelakandan as Chairman of the Board. He is an attorney and barrister with extensive legal experience and holds directorships including On'ally Holdings PLC.
Dividend · Rs 1.60 · XD Feb 11, 2025
First Interim dividend of LKR 1.6/share; XD 2025-02-11; record 2025-02-12; payable 2025-03-04; FY ending 31st March 2025