To subdivide shares on five-for-one basis

Bairaha Farms PLC disclosed that its Board of Directors has resolved to recommend a five-for-one share split, aimed at enhancing share liquidity and broadening investor access.

Under the proposal approved at the Board meeting held on 22 October 2025, the company’s 17.6 million ordinary shares will be subdivided into 88 million shares, with each existing share split into five new shares.

The company confirmed that its stated capital will remain unchanged at Rs. 536.3 million, indicating that the share split will not alter the total value of shareholders’ equity but will proportionately increase the number of shares in issue.

The move, however, is subject to regulatory and shareholder approvals. It requires the concurrence of the Colombo Stock Exchange (CSE) and the endorsement of shareholders via an ordinary resolution at an Extraordinary General Meeting (EGM) to be convened once the CSE’s approval is obtained.