Dankotuwa Porcelain’s public float surges to 34.98%, exceeding CSE minimum requirement

Dankotuwa Porcelain PLC (DPL) has achieved a significant milestone in regulatory compliance and market liquidity, reporting a massive surge in its public shareholding. 

A stock filing submitted to the Colombo Stock Exchange (CSE) on October 24, 2025, confirmed that the company’s public float has jumped to 34.98 percent as of September 30, 2025. This marks a dramatic increase from the 12.57 percent recorded just three months prior, on June 30, 2025, and places DPL well above the minimum public holding threshold required for CSE listing. 

The improved standing follows a challenging period for the company, which saw it transition from the Main Board to Diri Savi Board on December 10, 2024, after being unable to maintain the required minimum public holding of 20 percent. 

Alongside the percentage increase, the company’s float-adjusted market capitalisation also soared, climbing from Rs. 439.37 million to a robust Rs. 1.08 billion over the quarter. The number of public shareholders has grown similarly, rising from 4,588 to 6,532, signalling a significantly broadened investor base.

Dankotuwa Porcelain PLC, a public quoted company since 1994, is a leading Sri Lankan manufacturer internationally recognised for its world-class porcelain tableware. 

The company’s core business involves the production and marketing of porcelainware, serving both a large domestic network (dealers and five exclusive showrooms) and a global clientele, including international tableware brands and retailers. The premium product range has also diversified beyond traditional tableware to include lifestyle items such as porcelain water bottles, self-watering planter pots, steam inhalers, and bathroom accessories. The company aims to become Asia’s leading manufacturer and marketer of porcelain tableware.