Hayleys declares Rs. 6 interim dividend

• Plans Rs. 9bn rights issue

Hayleys PLC, one of Sri Lanka’s diversified conglomerates, announced an interim dividend of Rs. 6 per share for the financial year ending 31 March 2026, alongside plans to raise fresh capital through a rights issue.
The interim dividend, approved by the Board of Directors on January 21, will be paid on February 12 to shareholders on record as of February 2, with the ex-dividend date set for January 30. 
The payment will be directly remitted to shareholders who have updated bank account details, and is not subject to Advance Income Tax (AIT). The company noted that no shareholder approval is required under its Articles of Association.
Further, Hayleys’ Board approved a rights issue of 45 million new ordinary voting shares at Rs. 200 per share, representing an entitlement of three new shares for every 50 existing shares held.
The proceeds, estimated at Rs. 9 billion, are intended to fund new investments and partially settle debt.
 The rights issue is pending in-principle for approval from the Colombo Stock Exchange (CSE) and shareholder approval at an Extraordinary General Meeting.