Lanka IOC PLC successfully concludes 24th Annual General Meeting as the company reaffirmed its commitment to sustainable growth, strong corporate governance, and long-term value creation while outlining its future strategic priorities.
Lanka IOC PLC successfully concludes 24th Annual General Meeting with growth focus
Lanka IOC PLC successfully held its 24th Annual General Meeting (AGM) on 9 July 2026, bringing together shareholders, the Board of Directors, and senior management to review the company’s performance during the financial year ended 31 March 2026 and discuss its strategic direction for the years ahead.
The meeting was attended in person by Chairman Anuj Jain and Managing Director K. Raghu, together with Board members Saumitra P. Srivastava, Rajesh Singh, Manil Jayesinghe, and S. Renganathan, who participated via video conference, alongside the Company Secretary.
During the meeting, the Board presented the company’s Annual Report and Audited Financial Statements for the financial year ended 31 March 2026, offering shareholders a detailed review of Lanka IOC’s financial performance, operational achievements, business initiatives, and future expansion plans.
Addressing shareholders, Chairman Anuj Jain noted that the company had successfully navigated a complex operating environment shaped by geopolitical tensions, fluctuations in global energy markets, and changing domestic economic conditions. Despite these challenges, Lanka IOC maintained an uninterrupted supply of petroleum products across Sri Lanka while continuing to strengthen its operational capabilities.
The Lanka IOC PLC successfully concludes 24th Annual General Meeting announcement also highlighted several strategic priorities that will shape the company’s future growth. These include continued investment in digital transformation, expansion of its retail fuel station network, growth of its lubricants and petrochemical businesses, and improvements in operational efficiency across its operations.
The company also reaffirmed its commitment to sustainability by pursuing new opportunities in cleaner energy. Management outlined plans to explore electric vehicle charging infrastructure and renewable energy projects through strategic partnerships, reflecting the evolving needs of Sri Lanka’s energy sector and the company’s long-term diversification strategy.
Shareholders approved all key resolutions presented during the meeting, including the adoption of the Audited Financial Statements for the year ended 31 March 2026, the declaration of a dividend, the appointment and re-election of directors, and the appointment of external auditors. The approvals underscored continued shareholder confidence in the company’s corporate governance practices and long-term business strategy.
The AGM also featured an interactive question-and-answer session, allowing shareholders to engage directly with the Board on a range of topics. Discussions covered fuel pricing trends, industry developments, sustainability initiatives, business diversification, operational performance, and the company’s outlook for the coming financial year.
Expressing appreciation to shareholders, customers, employees, business partners, regulators and other stakeholders, Chairman Anuj Jain reaffirmed Lanka IOC’s commitment to maintaining high standards of corporate governance, operational excellence and responsible business practices. He also emphasized the company’s role in supporting Sri Lanka’s energy security while delivering sustainable returns to investors.
The Lanka IOC PLC successfully concludes 24th Annual General Meeting milestone comes as the company continues to strengthen its market position in Sri Lanka’s downstream petroleum industry. Through strategic investments, innovation and sustainable growth initiatives, Lanka IOC aims to enhance shareholder value while contributing to the country’s broader economic development.
As outlined during Lanka IOC AGM 2026, the company remains focused on expanding its business portfolio, improving customer service and pursuing long-term growth opportunities that align with the changing energy landscape and Sri Lanka’s future development goals.