Colombo, 10 September 2026 – Sarvodaya Development Finance PLC (CSE: SDF) has announced a significant transaction involving one of its non-executive directors, Mr. Senthi Nandhanan Senthilverl. The disclosure, made in compliance with Colombo Stock Exchange (CSE) Listing Rules and the Companies Act, details the purchase of 750,000 shares in the company.
Details of the Share Acquisition
According to the official filing with the Colombo Stock Exchange dated 10 September 2026, Mr. Senthilverl, who serves as a Non-Executive, Non-Independent Director of Sarvodaya Development Finance PLC, acquired a substantial block of shares. The transaction took place on 9th September 2026, with the disclosure to the company’s board also made on the same day.
The acquisition involved 750,000 ordinary shares of Sarvodaya Development Finance PLC. The shares were purchased at a price ranging between LKR 39.70 and LKR 41.00 per share. The transaction was executed through the Sampath Bank PLC/Senthilverl Holdings (Pvt) Ltd slash account, establishing a relevant interest in terms of Section 198(1) (b), (c) and (e) of the Companies Act No. 7 of 2007.
Regulatory Compliance and Market Transparency
This disclosure was made in adherence to Section 7.8 of the Listing Rules of the Colombo Stock Exchange and Section 200 of the Companies Act No. 7 of 2007 (as amended). These regulations mandate directors to inform the company and the CSE of any dealings in the company’s shares, ensuring transparency and fair practice in the market.
Such director dealings are closely monitored by investors as they can often signal a director’s confidence in the future prospects and valuation of the company. An insider acquiring a significant stake is generally perceived as a positive indicator, reflecting an internal belief in the company’s strategic direction and growth potential within Sri Lanka’s dynamic financial sector.
Sarvodaya Development Finance PLC
Sarvodaya Development Finance PLC, licensed by the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011, continues to be a key player in the nation’s development finance landscape. Headquartered in Colombo, the company focuses on empowering communities and fostering economic growth across the island.
The latest acquisition by Mr. Senthi Nandhanan Senthilverl underscores a notable move by the director to increase his stake, an action that will likely be keenly observed by the market and Sarvodaya Development Finance’s stakeholders.
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