Hayleys PLC has announced its Board of Directors’ decision, made during a meeting on January 21, 2026, to approve an interim dividend of Rs. 6 per share for the financial year ending March 31, 2026. Additionally, the Board resolved to raise fresh capital through a rights issue.
Interim Dividend Details
The gross dividend is set at Rs. 6 per ordinary voting share. Key dates for the dividend are as follows:
- Ex-dividend (XD) date: January 30, 2026
- Record date: February 2, 2026
- Payment date: February 12, 2026
Dividend payments will be directly remitted to shareholders who have provided accurate bank account details within three market days, excluding the record date. The dividend payment is exempt from Advance Income Tax (AIT). As per the company’s Articles of Association, shareholder approval is not required for this interim dividend, and the company’s books will remain open.
The announcement included a certified extract of the Board Resolution and a certified copy of the Solvency Certificate issued by the Directors. The Auditors’ Solvency Certificate will be submitted before the payment date.
Rights Issue Details
The Board has also decided to increase the stated capital by issuing 45,000,000 new ordinary voting shares through a rights issue. The terms of the rights issue are as follows:
- Entitlement ratio: 3 new ordinary voting shares for every 50 existing ordinary voting shares held at the close of trading on the Date of Entitlement
- Issue price: Rs. 200 per share
- Current stated capital (as of December 31, 2025): Rs. 1,575,000,000, represented by 750,000,000 ordinary voting shares
The proceeds from the rights issue will be allocated for new investments and to partially settle existing debt. The rights issue is pending in-principle approval from the Colombo Stock Exchange for the issue and listing of the new shares, as well as shareholder approval through an ordinary resolution at an Extraordinary General Meeting.
Photo – Mohan Pandithage – Chairman & Chief Executive & Dhammika Perera – Co-Chairman and Non-Executive Director
