News & market updates

Seylan Bank PLC is running a Seylan Cards Christmas campaign (18 Nov–31 Dec 2025) with weekly iPhone 17 Pro giveaways (seven winners), merchant discounts up to 50%, grocery savings up to 30% and 0% 36‑month EPP to boost card spending and partner transactions.

Softlogic Holdings said the SEC has deferred suspension of trading in its shares until 31 December, allowing its securities to continue trading on the Colombo Stock Exchange. The group reported a Rs.3.1 billion consolidated loss for six months to 30 Sep, negative revenue reserves of Rs.87 billion and a net liability per share of Rs.44.78 as of end-September 2025.

Softlogic Holdings said trading of its shares will continue uninterrupted until December 31 after the Securities & Exchange Commission deferred a suspension that was due to take effect on December 1. The shares were placed on the exchange watch list in Nov 2023 and Apr 2024 over auditors' going-concern emphasis of matter.

Samsung’s SmartThings AI Home platform brings integrated appliance control and AI Energy Mode (up to 70% washing-machine energy savings) and Samsung products are available in Sri Lanka through authorized dealers including Singer and Softlogic.

Odel PLC's GLOMARK launched the 'ගෙට BETTER LIFE' wellness-focused rebrand, repositioning the supermarket from premium to purpose-driven, wellness retail. The relaunch includes educational product curation and a wellness-themed children's storybook to promote healthy eating.

Softlogic Life (part of Softlogic Holdings) launched a World Children’s Day campaign, “The Power of Being Different,” urging adults to reframe common childhood traits; the insurer highlights it protects over 1.3 million lives. The campaign reinforces Softlogic Life's brand positioning and its use of technology/AI in claims and service delivery.

Softlogic Life launched an AI-powered 2024 Annual Report 'CHANGE MAKER' with personalised AI reporting, gamification, an AI assistant 'Lifey', and external assurance for SLFRS S1/S2, enhancing transparency and sustainability disclosures.

Softlogic Life launched a pioneering AI-enabled 2024 Annual Report with personalized AI reports, an AI assistant 'Lifey', gamified quizzes, live actionable dashboards and external assurance for SLFRS S1 and S2 disclosures.

Softlogic GLOMARK (Softlogic Holdings PLC) hosted a beach outing for 82 students and 12 teachers from the Ceylon School for the Deaf & Blind at Dehiwela beach, with Hemas Manufacturing as Main Sponsor and partners providing financial and in-kind support.

Samsung Sri Lanka launched the 'Go Save Today' Carnival with discounts on TVs, refrigerators, washers and ACs (e.g., 55” TV LKR 279,999; 253L fridge LKR 149,999), available through authorised distributors including Singer and Softlogic.

Seylan Bank launched 'Seylan Offer Rush', a card promotion running 20 Sep–31 Oct 2025 offering discounts up to 50% and 0% instalment plans up to 36 months (on transactions above Rs.100,000, max Rs.3,000,000). Participating merchants include Softlogic Brands, Singer and major hotels (Cinnamon, Hilton, Shangri‑La) for dining and retail deals.

Samsung launched the Bespoke AI Washer Dryer (WD12D) in Sri Lanka, priced at Rs.229,999 and available island-wide through distributors including Singer and Softlogic. The 12kg wash/7kg dry unit features AI, SmartThings integration and space-saving two-in-one design.

Softlogic Life (part of the Softlogic group) was shortlisted as a finalist in two categories — ‘Digital Insurer of the Year’ and ‘AI Initiative of the Year’ — at the 29th Asia Insurance Industry Awards 2025. The company highlighted AI and digital platforms (Insta Claim, E-Advisor, automated claims) that have sped settlements, automated 35% of claims and serve 1.3M customers.

New Media Solutions won five awards at SLIM DIGIS 2.5, led by multiple wins for the 'My Zesta Story' campaign and honors for Daintee and Softlogic Life's 'Siduhath Upatha' campaign. The recognition highlights the agency's strength in digital and cross-media marketing.

Softlogic Information Technologies (part of Softlogic Holdings PLC) has partnered with BMC Helix as an authorized distributor and managed services partner to deliver AI-driven ITSM/ITOM solutions in Sri Lanka and South Asia, aiming to modernize IT operations and build local capacity.

Softlogic Holdings Plc (SHL.N0000) appointed Imran Furkan as an independent non-executive director. He is CEO of Tresync and currently holds non-exec roles at Odel, Asiri Health, Maharaja Foods and Asiri Surgical Hospital.

Softlogic Holdings PLC appointed Imran Furkan as an Independent Non-Executive Director effective 29 August 2025. Furkan, CEO of Tresync (Australia), has prior board roles including at Odel, Asiri Surgical Hospital and Maharaja Foods and experience across health, retail and IT.

The SEC has deferred the trading suspension of Softlogic Holdings PLC securities until 30 November 2025. The securities were placed on the Watch List on 28 Nov 2023 and 25 Apr 2024 due to Emphasis of Matter on going concern in auditor reports for years ended 31 Mar 2022 and 31 Mar 2023.

The Securities & Exchange Commission has deferred suspension of trading in Softlogic Holdings securities until November 30, allowing trading to continue uninterrupted from September 1. The shares were on the watch list after auditor emphasis of matter on going concern for FY2022 and FY2023.

HMD launched the HMD Fusion 8/256 5G in Sri Lanka at MRP Rs. 62,990 with bundled Gaming and Flashy ‘Smart Outfits’, and the device is available islandwide through national distributor Softlogic Communications.

Softlogic Life launched a mobile-first Learning Management System to upskill its Agency, Alternate and Micro sales channels; the company reported Rs. 31.6 billion GWP in 2024 and protects over 1.3 million lives.

Rights issue · 1:4 at Rs 2,981,358,020.00 · XD Aug 8, 2024

Softlogic Life will operate Allianz Life's life business as SL Insurance Lanka Ltd after completing the acquisition. Softlogic Life reported Rs 31.574 billion gross written premiums in the year to Dec 2025 (17.2% market share) and 25% premium growth in Q1.

Softlogic Group appointed Kong Leong Chan as Adviser to Chairman, Terry O’Connor OBE as CEO of Odel PLC and Strategic Adviser on Retail, and Sid Solanki as CEO – Leisure & Group Asset Management. The hires are intended to revamp the group's retail and leisure operations and optimise asset value.

Odel appointed Terry O’Connor as chief executive officer and strategic advisor to the chairman on retail, effective July 15.