Notice is hereby given that the Eleventh (11th) Annual General Meeting of the shareholders of Ceylinco Life Insurance Limited will be held at the Board Room of Ceylinco Life Insurance Limited, No. 106, Havelock Road, Colombo 05, on Thursday, 27th March 2025 at 2.00 p.m. for the following purposes :
1. To read the Notice convening the Meeting.
2. To receive, consider and adopt the Annual Report of the Board of Directors on the state of affairs of the Company and the Audited Financial Statements for the year ended 31st December 2024 together with the Report of the Auditors thereon.
3. To declare a first and final dividend of Rs. 17.70 per share for the year ended 31st December 2024, to the shareholders of the Company, as recommended by the Board of Directors, subject to the regulatory requirements of the Insurance Regulatory Commission of Sri Lanka.
4. To re-elect Mr. R Renganathan, who retires at the Annual General Meeting as a Director, in terms of Section 210 of the Companies Act No. 07 of 2007. Special Notice having been given pursuant to Sections 210 and 211 of the Companies Act No. 07 of 2007 of the intention to propose the following resolution as an ordinary resolution:
“Resolved that Mr. R Renganathan who will be over 70 years be reelected as a Director of the Company and it is specifically declared that the age limit specified in Section 210 of the Companies Act No. 07 of 2007 shall not apply to Mr. R Renganathan.”
5. To re-elect Mr. E R C Moraes who retires by rotation in terms of the Article 18B of the Articles of Association of the Company.
6. To re-elect Mr. M Ismail who retires by rotation in terms of the Article 18B of the Articles of Association of the Company.
7. To re-elect Ms. R J Moraes who retires by rotation in terms of the Article 18B of the Articles of Association of the Company.
8. To re-appoint Messers. Ernst & Young, Chartered Accountants as recommended by the Board of Directors as the Company’s Auditors for the ensuing year and authorize the Directors to determine their remuneration.
9. To authorize the Directors to determine contributions to charities and other donations for the year ending 31st December 2025.
By Order of the Board, Ceylinco Life Insurance Limited
K. I. Weththasinghe
Company Secretary
28th February 2025
1. A shareholder entitled to attend and vote at the above meeting is entitled to appoint a proxy to attend and vote on his/ her behalf.
2. A proxy so appointed need not be a member of the Company.
3. A form of proxy accompanies this notice