S I N G E R ( S R I L A N K A ) P L C
INTERIM FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 31ST MARCH 2026
Statement of Profit or Loss and Other Comprehensive IncomeGroup Company
For the Twelve Months ended 31st March | 2026 | 2025 Change | 2026 | 2025 Change |
Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | |
Revenue | 128,575,891 | 88,309,840 | 46% | 114,123,606 | 79,242,906 | 44% |
Cost of Sales | (81,115,809) | (56,136,514) | -44% | (81,451,216) | (56,313,472) | -45% |
Direct Interest Cost | (6,567,935) | (4,177,595) | -57% | - | - | |
Gross Profit | 40,892,147 | 27,995,731 | 46% | 32,672,390 | 22,929,434 | 42% |
Other Income | 794,002 | 527,999 | 50% | 373,405 | 268,541 | 39% |
Selling and Administrative Expenses | (25,761,980) | (19,440,699) | -33% | (21,223,197) | (16,122,011) | -32% |
Impairment Loss on Trade and Other Receivables | (1,031,192) | (543,500) | -90% | (638,357) | (310,855) | -105% |
Operating Profit | 14,892,977 | 8,539,531 | 74% | 11,184,241 | 6,765,109 | 65% |
Finance Cost | (3,564,445) | (3,175,197) | -12% | (3,540,099) | (3,167,585) | -12% |
Finance Income | 1,269,970 | 1,527,109 | -17% | 889,848 | 1,069,011 | -17% |
Net Finance Cost | (2,294,475) | (1,648,088) | -39% | (2,650,251) | (2,098,574) | -26% |
Value Added Tax on Financial Services | (1,157,711) | (669,734) | -73% | (170,000) | (83,000) | -105% |
Profit Before Tax | 11,440,791 | 6,221,709 | 84% | 8,363,990 | 4,583,535 | 82% |
Income Tax Expense | (3,782,659) | (2,043,448) | -85% | (2,616,789) | (1,381,506) | -89% |
Profit for the Period | 7,658,132 | 4,178,261 | 83% | 5,747,201 | 3,202,029 | 79% |
Other Comprehensive Income | ||||||
Items that will not be Reclassified to Profit or Loss | ||||||
Revaluation of Land & Building | - | 620,826 | - | 620,826 | ||
Actuarial Gain / (Loss) on Remeasurement of Defined Benefit Obligation | (12,480) | 18,157 | 59,223 | (33,260) | ||
Equity Investments at FVOCI - Change in Fair Value | (506) | 143 | (506) | 143 | ||
Related Taxes | ||||||
Deferred Tax on Other Comprehensive Income | 3,769 | (191,773) | (17,615) | (176,313) | ||
Total Comprehensive Income for the Period, Net of Tax | 7,648,915 | 4,625,614 | 5,788,303 | 3,613,425 | ||
Profit Attributable to - | ||||||
Owners of the Company | 7,341,999 | 4,007,320 | 5,747,201 | 3,202,029 | ||
Non - Controlling Interests | 316,133 | 170,941 | - | - | ||
7,658,132 | 4,178,261 | 5,747,201 | 3,202,029 | |||
Total Comprehensive Income Attributable to - | ||||||
Owners of the Company | 7,342,676 | 4,447,399 | 5,788,303 | 3,613,425 | ||
Non - Controlling Interests | 306,239 | 178,215 | - | - | ||
Total Comprehensive Income for the Period Net of Tax | 7,648,915 | 4,625,614 | 5,788,303 | 3,613,425 | ||
Basic / Diluted Earnings Per Share (Rs.) | 6.29 | 3.43 | 4.92 | 2.74 | ||
Above figures are provisional and subject to audit. |
Share Prices | For the Twelve Months ended 31st March 2026 | For the Twelve Months ended 31st March 2025 |
Rs. | Rs. | |
Highest | 101.00 | 35.00 |
Lowest | 29.50 | 14.50 |
Last Traded Price | 76.20 | 33.80 |
Group Company
For the Three Months ended 31st March | 2026 Rs.'000 | 2025 Change Rs.'000 % | 2026 Rs.'000 | 2025 Change Rs.'000 % |
Revenue | 35,685,295 | 24,207,915 | 47% | 31,190,926 | 21,572,428 | 45% |
Cost of Sales | (21,895,348) | (15,484,520) | -41% | (21,992,381) | (15,546,266) | -41% |
Direct Interest Cost | (2,021,308) | (1,173,583) | -72% | - | - | |
Gross Profit | 11,768,639 | 7,549,812 | 56% | 9,198,545 | 6,026,162 | 53% |
Other Income | 229,164 | 238,765 | -4% | 81,934 | 170,644 | -52% |
Selling and Administrative Expenses | (6,680,221) | (5,158,075) | -30% | (5,315,453) | (4,277,877) | -24% |
Impairment Loss on Trade and Other Receivables | (455,372) | (62,115) | -633% | (358,037) | (24,007) | -1391% |
Operating Profit | 4,862,210 | 2,568,387 | 89% | 3,606,989 | 1,894,922 | 90% |
Finance Cost | (1,083,199) | (760,237) | -42% | (1,068,469) | (759,782) | -41% |
Finance Income | 316,311 | 510,859 | -38% | 236,219 | 396,813 | -40% |
Net Finance Cost | (766,888) | (249,378) | -208% | (832,250) | (362,969) | -129% |
Value Added Tax on Financial Services | (437,207) | (255,681) | -71% | (65,000) | (21,000) | -210% |
Profit Before Tax | 3,658,115 | 2,063,328 | 77% | 2,709,739 | 1,510,953 | 79% |
Income Tax Expense | (1,175,006) | (660,604) | -78% | (823,900) | (429,005) | -92% |
Profit for the Period | 2,483,109 | 1,402,724 | 77% | 1,885,839 | 1,081,948 | 74% |
Other Comprehensive Income | ||||||
Items that will not be Reclassified to Profit or Loss | ||||||
Revaluation of Land & Building | - | 620,826 | - | 620,826 | ||
Actuarial Gain / (Loss) on Remeasurement of Defined Benefit Obligation | (12,480) | 18,157 | 59,223 | (33,260) | ||
Equity Investments at FVOCI - Change in Fair Value | (506) | 143 | (506) | 143 | ||
Related Taxes | ||||||
Deferred Tax on Other Comprehensive Income | 3,769 | (191,773) | (17,615) | (176,313) | ||
Total Comprehensive Income for the Period, Net of Tax | 2,473,892 | 1,850,077 | 1,926,941 | 1,493,344 | ||
Profit Attributable to - | ||||||
Owners of the Company | 2,388,734 | 1,345,623 | 1,885,839 | 1,081,948 | ||
Non - Controlling Interests | 94,375 | 57,101 | - | - | ||
2,483,109 | 1,402,724 | 1,885,839 | 1,081,948 | |||
Total Comprehensive Income Attributable to - | ||||||
Owners of the Company | 2,389,411 | 1,785,702 | 1,926,941 | 1,493,344 | ||
Non - Controlling Interests | 84,481 | 64,375 | - | - | ||
Total Comprehensive Income for the Period Net of Tax | 2,473,892 | 1,850,077 | 1,926,941 | 1,493,344 | ||
Basic / Diluted Earnings Per Share (Rs.) | 2.05 | 1.15 | 1.62 | 0.93 | ||
Above figures are provisional and subject to audit. |
Share Prices | For the Three Months ended 31st March 2026 Rs. | For the Three Months ended 31st March 2025 |
Rs. |
Highest | 101.00 | 35.00 |
Lowest | 61.50 | 25.00 |
Last Traded Price | 76.20 | 33.80 |
Group Company
As at | 31st March | 31st March | 31st March | 31st March |
2026 Rs.'000 | 2025 | 2026 Rs.'000 | 2025 | |
Rs.'000 | Rs.'000 |
ASSETS | ||||
Non-Current Assets | ||||
Property, Plant and Equipment | 9,272,870 | 8,808,846 | 8,062,151 | 7,640,528 |
Investment Property | 177,450 | 29,502 | 30,400 | 29,502 |
Right -of- Use Assets | 6,077,702 | 5,261,281 | 5,171,531 | 4,590,727 |
Intangible Assets | 460,879 | 468,093 | 341,206 | 376,544 |
Investment in Subsidiaries | - | - | 3,365,121 | 1,760,085 |
Financial Assets at FVOCI | 21,963 | 22,468 | 19,778 | 20,283 |
Trade and Other Receivables | 30,536,629 | 18,725,024 | 2,144,977 | 1,429,817 |
Deferred Tax Assets | 1,185,041 | 817,277 | 843,319 | 566,927 |
47,732,534 | 34,132,491 | 19,978,483 | 16,414,413 | |
Current Assets | ||||
Inventories | 34,223,147 | 23,782,502 | 33,282,480 | 23,233,825 |
Income Tax Receivables | 112,768 | 281,920 | 112,768 | 281,920 |
Trade and Other Receivables | 88,487,637 | 52,313,335 | 27,910,294 | 21,872,515 |
Amounts Due from Related Parties | 103,805 | 18,679 | 170,289 | 52,688 |
Deposits with Banks | 3,696,643 | 4,242,929 | 3,406,713 | 1,465,979 |
Short term Investments | 3,699,762 | 2,812,655 | - | - |
Other Financial Assets | - | 340,323 | - | 340,323 |
Cash in hand and Bank | 3,902,879 | 4,161,343 | 2,187,829 | 2,318,986 |
134,226,641 | 87,953,686 | 67,070,373 | 49,566,236 | |
Total Assets | 181,959,175 | 122,086,177 | 87,048,856 | 65,980,649 |
EQUITY AND LIABILITIES | ||||
Equity | ||||
Stated Capital | 1,138,857 | 1,138,857 | 1,138,857 | 1,138,857 |
Other Components of Equity | 4,064,743 | 3,818,572 | 3,252,359 | 3,321,219 |
Revenue Reserves | 14,726,358 | 9,778,269 | 10,076,261 | 6,367,515 |
Total Equity Attributable to Owners of the Company | 19,929,958 | 14,735,698 | 14,467,477 | 10,827,591 |
Non-Controlling Interest | 1,934,400 | 1,225,087 | - | - |
Total Equity | 21,864,358 | 15,960,785 | 14,467,477 | 10,827,591 |
Non-Current Liabilities | ||||
Interest - Bearing Loans and Borrowings | 20,920,044 | 15,170,581 | 3,899,550 | 5,149,750 |
Lease Liabilities | 5,365,992 | 4,803,910 | 4,481,211 | 4,167,629 |
Deferred Tax Liabilities | 85,263 | 88,344 | - | - |
Employee Benefit Obligations | 1,533,848 | 1,362,178 | 1,278,090 | 1,212,888 |
Security Deposits | 2,291,434 | 1,894,630 | 2,291,434 | 1,894,630 |
Other Financial Liabilities | 13,744,991 | 6,406,999 | - | - |
Deferred Revenue | 229,072 | 137,234 | 229,072 | 137,234 |
Other Non - Current Liabilities | 349,327 | 253,452 | 349,327 | 253,452 |
44,519,971 | 30,117,328 | 12,528,684 | 12,815,583 | |
Current Liabilities | ||||
Trade and Other Payables | 20,557,691 | 15,629,612 | 17,974,549 | 14,372,979 |
Deferred Revenue | 540,864 | 405,542 | 540,850 | 405,527 |
Dividends Payable | 148,606 | 84,462 | 143,957 | 79,799 |
Amounts Due to Related Parties | 1,852,534 | 1,259,879 | 2,618,496 | 1,975,572 |
Income Tax Payables | 2,237,085 | 1,373,003 | 1,657,215 | 945,469 |
Other Financial Liabilities | 27,533,542 | 21,907,141 | - | - |
Lease Liabilities | 1,294,233 | 1,239,960 | 1,132,617 | 1,072,706 |
Interest - Bearing Loans and Borrowings | 58,676,202 | 31,297,364 | 34,269,214 | 21,591,806 |
Bank Overdrafts | 2,734,089 | 2,811,101 | 1,715,797 | 1,893,617 |
115,574,846 | 76,008,064 | 60,052,695 | 42,337,475 | |
Total Liabilities | 160,094,817 | 106,125,392 | 72,581,379 | 55,153,058 |
Total Equity and Liabilities | 181,959,175 | 122,086,177 | 87,048,856 | 65,980,649 |
Net Assets per Share (Rs.) | 17.07 | 12.62 | 12.39 | 9.27 |
I certify that the above Financial Statements comply with the requirments of the Companies Act No.07 of 2007.
(Sgd.)
Shalinka Seresinhe
Finance Director
Above figures are provisional and subject to audit.
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by,
(Sgd.) (Sgd.)
A. M. Pandithage Mahesh Wijewardene
Chairman Group Managing Director
Colombo,
18th May 2026
Statement of Changes in EquityGroup Attributable to equity holders of the Company
Other Components of Equity
Revenue Reserves
Stated
Total Non-
Total Equity
Capital
Statutory Reserve
Regulatory Allowance Reserve
Revaluation Reserves
Fair Value of Financial
Assets at FVOCI
General Reserves
Retained Earnings
Controlling Interest
Reserve
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | |
Balance as at 31st March 2024 | 1,138,857 | 325,294 | 51,093 | 2,946,413 | 4,248 | 2,700,000 | 4,231,330 | 11,397,235 | 1,046,510 | 12,443,745 |
Realisation of Revaluation Surplus | - | - | - | (62,406) | - | - | 62,406 | - | - | - |
Transferred to/(from) during the period | - | 170,345 | (51,093) | - | - | - | (119,252) | - | - | - |
Unclaimed Dividend Adjustment | - | - | - | - | - | - | 35,330 | 35,330 | 362 | 35,692 |
Profit for the Year | - | - | - | - | - | - | 4,007,320 | 4,007,320 | 170,941 | 4,178,261 |
Other Comprehensive Income | ||||||||||
Revaluation Gain on Land and Buildings | - | - | - | 620,826 | - | - | - | 620,826 | - | 620,826 |
Actuarial Gain on Employee Benefit Obligations | - | - | - | - | - | - | 7,765 | 7,765 | 10,391 | 18,156 |
Fair Value Change in Equity instruments designated at fair value through other comprehensive income | - | - | - | - | 143 | - | - | 143 | - | 143 |
Related Taxes | ||||||||||
Deferred Tax on Revaluation Gain on Land and Buildings | - | - | - | (186,248) | - | - | - | (186,248) | - | (186,248) |
Deferred Tax on Actuarial Gain on Employee Benefit Obligations | - | - | - | - | - | - | (2,365) | (2,365) | (3,117) | (5,482) |
Deferred Tax on Equity Investments at FVOCI-change in fair value | - | - | - | - | (43) | - | - | (43) | - | (43) |
Total Other Comprehensive Income for the Period | - | - | - | 434,578 | 100 | - | 5,400 | 440,078 | 7,274 | 447,352 |
Total Comprehensive Income for the Period | - | - | - | 434,578 | 100 | - | 4,012,720 | 4,447,398 | 178,215 | 4,625,613 |
Transactions with Owners of the | ||||||||||
Company, Recognised Directly in | ||||||||||
Equity | ||||||||||
Distributions to Owners of the | ||||||||||
Company | ||||||||||
Interim Dividend - 2024/2025 | - | - | - | - | - | - | (1,144,265) | (1,144,265) | - | (1,144,265) |
Total Distributions to Owners of the | ||||||||||
Company | - | - | - | - | - | (1,144,265) | (1,144,265) | - | (1,144,265) | |
Balance at 31st March 2025 | 1,138,857 | 495,639 | - | 3,318,585 | 4,348 | 2,700,000 | 7,078,269 | 14,735,698 | 1,225,087 | 15,960,785 |
Rights Issue - Singer Finance (Lanka) PLC | - | - | - | - | - | - | - | - | 403,075 | 403,075 |
Realisation of Revaluation Surplus | - | - | - | (68,506) | - | - | 68,506 | - | - | - |
Transferred to /(from) during the period | - | 315,031 | - | - | - | - | (315,031) | - | - | - |
Profit for the Year | - | - | - | - | - | - | 7,341,999 | 7,341,999 | 316,133 | 7,658,132 |
Other Comprehensive Income | ||||||||||
Actuarial Gain on Employee Benefit Obligations | - | - | - | - | - | - | 1,656 | 1,656 | (14,136) | (12,480) |
Fair Value Change in Equity instruments designated at fair value through other comprehensive income | - | - | - | - | (506) | - | - | (506) | - | (506) |
Related Taxes | ||||||||||
Deferred Tax on Actuarial Gain on Employee Benefit Obligations | - | - | - | - | - | - | (624) | (624) | 4,241 | 3,617 |
Deferred Tax on Equity Investments at FVOCI-change in fair value | - | - | - | - | 152 | - | - | 152 | - | 152 |
Total Other Comprehensive Income for the Period | - | - | - | - | (354) | - | 1,032 | 678 | (9,895) | (9,217) |
Total comprehensive income for the | ||||||||||
period | - | - | - | - | (354) | - | 7,343,031 | 7,342,677 | 306,238 | 7,648,915 |
Interim Dividend - 2025/2026 | - | - | - | - | - | - | (2,148,417) | (2,148,417) | - | (2,148,417) |
Total Distributions to Owners of the | ||||||||||
Company | - | - | - | - | - | - | (2,148,417) | (2,148,417) | - | (2,148,417) |
Balance at 31st March 2026 | 1,138,857 | 810,670 | - | 3,250,079 | 3,994 | 2,700,000 | 12,026,358 | 19,929,958 | 1,934,400 | 21,864,358 |
Company Other Components of
Equity
Revenue Reserves
Stated Capital | Revaluation Reserves | Fair Value Reserve | General Reserves | Retained Earnings | Total Equity | |
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | |
Balance as at 31st March 2024 | 1,138,857 | 2,946,412 | 2,535 | 2,700,000 | 1,536,740 | 8,324,544 |
Unclaimed Dividend Adjustment | - | - | - | - | 33,888 | 33,888 |
Realisation of Revaluation Surplus | - | (62,406) | - | - | 62,406 | - |
Profit for the Year | - | - | - | - | 3,202,029 | 3,202,029 |
Other Comprehensive Income | ||||||
Revaluation gain on Land & Building | - | 620,826 | - | - | - | 620,826 |
Actuarial Loss on Employee Benefit Obligations | - | - | - | - | (33,260) | (33,260) |
Fair Value Change in Equity instruments designated at fair value through other comprehensive income | - | - | 143 | - | - | 143 |
Related Taxes | ||||||
Deferred Tax on Revaluation Gain on Land & Buildings | - | (186,248) | - | - | - | (186,248) |
Deferred Tax on Actuarial loss on Employee Benefit Obligations | - | - | - | - | 9,978 | 9,978 |
Deferred Tax on Equity Investments at FVOCI-change in fair value | - | - | (43) | - | - | (43) |
Total Other Comprehensive Income for the Period | - | 434,578 | 100 | - | (23,282) | 411,396 |
Total Comprehensive Income for the Period | - | 434,578 | 100 | - | 3,178,747 | 3,613,425 |
Transactions with Owners of the Company, Recognised Directly in Equity | ||||||
Distributions to Owners of the Company | ||||||
Interim Dividend - 2024/2025 | - | - | - | - | (1,144,266) | (1,144,266) |
Total Distributions to Owners of the Company | - | - | - | - | (1,144,266) | (1,144,266) |
Balance at 31st March 2025 | 1,138,857 | 3,318,584 | 2,635 | 2,700,000 | 3,667,515 | 10,827,591 |
Realisation of Revaluation Surplus | - | (68,506) | - | - | 68,506 | - |
Profit for the Year | - | - | - | - | 5,747,201 | 5,747,201 |
Other Comprehensive Income | ||||||
Actuarial Gain on Employee Benefit Obligations | - | - | - | - | 59,223 | 59,223 |
Fair Value Change in Equity instruments designated at fair value through other comprehensive income | - | - | (506) | - | - | (506) |
Related Taxes | ||||||
Deferred Tax on Actuarial loss on Employee Benefit Obligations | - | - | - | - | (17,767) | (17,767) |
Deferred Tax on Equity Investments at FVOCI-change in fair value | - | - | 152 | - | - | 152 |
Total Other Comprehensive Income for the Period | - | - | (354) | - | 41,456 | 41,102 |
Total comprehensive income for the period | - | - | (354) | - | 5,788,657 | 5,788,303 |
Transactions with Owners of the Company, Recognised Directly in Equity | ||||||
Distributions to Owners of the Company | ||||||
Interim Dividend - 2025/2026 | - | - | - | - | (2,148,417) | (2,148,417) |
Total Distributions to Owners of the Company | - | - | - | - | (2,148,417) | (2,148,417) |
Balance at 31st March 2026 | 1,138,857 | 3,250,078 | 2,281 | 2,700,000 | 7,376,261 | 14,467,477 |
Group Company
For the Twelve Months ended 31st March | 2026 Rs. '000 | 2025 Rs. '000 | 2026 Rs. '000 | 2025 Rs. '000 |
Cash Flows from/(used in) Operating Activities | ||||
Profit before Income Tax Expense | 11,440,791 | 6,221,709 | 8,363,990 | 4,583,535 |
Adjustments for: | ||||
Depreciation on Property, Plant and Equipment | 867,548 | 777,028 | 656,745 | 603,930 |
Amortization of Intangible Assets | 60,266 | 59,313 | 41,736 | 42,785 |
Amortization of Right of Use Assets | 1,352,575 | 1,175,294 | 1,176,824 | 1,027,609 |
Loss on Disposal of Property, Plant and Equipment | 10,588 | 1,518 | 598 | 1,381 |
Fair Value Gain from Investment Property | (34,348) | (29,502) | (898) | (29,502) |
Loss on Disposal of Intangible Assets | - | 538 | - | 538 |
Interest Expenses | 3,471,441 | 3,175,197 | 3,329,114 | 3,167,585 |
Interest Income | (510,792) | (461,935) | (149,756) | (80,290) |
Impairment of Inventories | 722,703 | 486,073 | 732,685 | 513,297 |
Impairment Provision on Trade and Other Receivables | 1,031,192 | 543,500 | 638,357 | 310,855 |
Provision for Employee Benefit Obligation | 254,974 | 235,301 | 207,807 | 194,666 |
Operating Profit before Working Capital Changes | 18,666,938 | 12,184,034 | 14,997,202 | 10,336,389 |
Increase in Inventories | (11,163,351) | (2,667,656) | (10,781,338) | (2,539,682) |
Increase in Debtors falling Due after one Year | (11,811,605) | (8,578,298) | (715,159) | (918,503) |
Increase in Debtors falling Due within one year | (37,122,389) | (14,390,811) | (6,593,032) | (1,918,065) |
(Increase) / Decrease in Dues from Related Parties | (85,125) | 27,342 | (117,601) | 34,656 |
Increase / (Decrease) in Dues to Related Parties | 202,882 | (614,339) | 253,151 | (535,487) |
Increase in Security Deposits | 396,804 | 168,938 | 396,804 | 168,938 |
Increase in Trade and Other Payables | 5,023,951 | 3,622,053 | 3,697,444 | 3,082,662 |
Increase in Deferred Liabilities | 227,161 | 105,818 | 227,161 | 105,854 |
Cash Generated from /(used in) Operations | (35,664,734) | (10,142,919) | 1,364,632 | 7,816,762 |
Finance Costs Paid | (2,670,841) | (2,464,690) | (2,668,199) | (2,441,369) |
Employee Benefits Paid | (95,784) | (84,115) | (83,382) | (73,911) |
Income Tax Paid | (3,116,500) | (1,175,190) | (2,029,897) | (675,563) |
Net Cash from/(used in) Operating Activities | (41,547,859) | (13,866,914) | (3,416,846) | 4,625,919 |
Cash Flows from /(used in) Investing Activities | ||||
Acquisition of Property, Plant and Equipment and Intangible Assets | (1,520,829) | (864,441) | (1,097,001) | (516,903) |
Proceeds from Disposal of Property Plant and Equipment | 12,004 | 17,081 | 11,636 | 17,002 |
Investment in Subsidiaries | - | - | (1,605,036) | - |
(Increase)/ Decrease in Investment in Investment Securities | (887,106) | 129,696 | - | - |
Interest Income Received | 427,688 | 461,935 | 66,652 | 80,290 |
Net Cash Flows used in Investing Activities | (1,968,243) | (255,729) | (2,623,749) | (419,611) |
Cash Flows from/ (used in) Financing Activities | ||||
Net proceeds from Interest - Bearing Loans and Borrowings | 33,036,984 | 12,754,626 | 11,370,298 | 167,669 |
Net settlements to Lease Creditors | (2,261,924) | (1,798,878) | (1,988,142) | (1,562,833) |
Increase in Customer Deposit Liabilities | 12,964,393 | 6,134,629 | - | - |
Proceed on Rights Issue from Minority Share Holders | 403,075 | - | - | - |
Dividends Paid | (1,694,487) | (677,218) | (1,694,487) | (677,218) |
Net Cash Flows from/ (used in) Financing Activities | 42,448,041 | 16,413,159 | 7,687,669 | (2,072,382) |
Net Increase/ (Decrease) in Cash and Cash Equivalents | (1,068,061) | 2,290,516 | 1,647,074 | 2,133,926 |
Cash and Cash Equivalents at the Beginning of the Year | 5,933,494 | 3,642,978 | 2,231,671 | 97,745 |
Cash and Cash Equivalents as at the end of Period | 4,865,433 | 5,933,494 | 3,878,745 | 2,231,671 |
Analysis Of Cash & Cash Equivalents | ||||
Favourable balances | ||||
Cash in hand and at bank | 3,902,879 | 4,501,666 | 2,187,829 | 2,659,309 |
Fixed Deposits | 3,696,643 | 4,242,929 | 3,406,713 | 1,465,979 |
Unfavourable balances | ||||
Bank overdrafts | (2,734,089) | (2,811,101) | (1,715,797) | (1,893,617) |
4,865,433 | 5,933,494 | 3,878,745 | 2,231,671 | |
BASIS OF PREPARATION AND GROUP'S ACCOUNTING POLICIES
The interim condensed consolidated financial statements for the twelve months ended 31st March 2026 have been prepared in accordance with LKAS 34 Interim Financial Reporting.
The Financial Statements for the period ended 31st March 2026, includes "the Company" referring to Singer (Sri Lanka) PLC, as the holding company and "the Group" referring to the companies whose accounts have been consolidated therein.
The interim condensed Consolidated Financial Statements do not include all the information and disclosures required in the Annual Financial Statements, and should be read in conjunction with the Group's Annual Consolidated Financial Statements as at 31st March 2025.
The presentation and classification of the Financial Statements of the previous period have been amended, where relevant, for better presentation and to be comparable with those of the current period.
The interim Condensed Financial Statements are presented in Sri Lankan Rupees (LKR) and all values are rounded to the nearest thousand except when otherwise indicated.
Fair Value measurement and related fair value disclosures - Financial Instruments
Group Company
Recurring Fair Value Measurements | 2026 March | 2025 March | 2026 March | 2025 March |
Rs. '000 | Rs."000" | Rs. '000 | Rs."000" Level |
Investment in Equity Securities 21,963 | 22,468 | 19,778 | 20,283 | 3 | Financial Assets at FVOCI |
21,963 | 22,468 | 19,778 | 20,283 |
Segmental Analysis of Company Net Turnover is as follows:
Three Months ended 31st March 2026
Three Months ended 31st March 2025
Twelve Months ended 31st March 2026
Rs'000
Twelve Months ended 31st March 2025
Rs'000
Rs'000
Rs'000
Consumer Electronics
3,424,732
2,453,512
13,147,131
10,904,183
Financial Services
2,091,326
1,486,907
7,655,158
5,899,942
Furniture
1,480,327
1,251,496
5,912,036
4,515,261
Home Appliances
11,764,436
8,614,184
43,457,427
30,659,835
Digital Products
7,106,425
5,602,593
26,740,488
18,661,595
Sewing
1,238,856
799,316
4,223,917
2,870,370
Other
4,084,824
1,364,420
12,987,449
5,731,720
31,190,926
21,572,428
114,123,606
79,242,906
Segmental Analysis of Company Profits Before Tax is as follows:
Three Months ended 31st March 2026
Three Months ended 31st March 2025
Twelve Months ended 31st March 2026
Rs'000
Twelve Months ended 31st March 2025
Rs'000
Rs'000
Rs'000
Consumer Electronics
453,157
266,037
1,574,420
999,848
Financial Services
641,590
427,768
2,239,805
1,685,843
Furniture
121,401
81,876
523,973
229,658
Home Appliances
1,706,131
671,611
4,630,119
2,697,447
Digital Products
559,160
259,862
1,587,928
869,651
Sewing
140,692
80,627
433,021
296,044
Other
342,895
131,148
833,332
297,473
Impairment Loss Trade and Other Receivables
(358,037)
(24,007)
(638,357)
(310,855)
Operating Profit
3,606,989
1,894,922
11,184,241
6,765,109
Net Finance Cost
(832,250)
(362,969)
(2,650,251)
(2,098,574)
VAT on Financial Services
(65,000)
(21,000)
(170,000)
(83,000)
Profit Before Tax
2,709,739
1,510,953
8,363,990
4,583,535
Segmental Analysis of Group Net Turnover is as follows:
Three Months ended 31st March 2026
Three Months ended 31st March 2025
Twelve Months ended 31st March 2026
Rs'000
Twelve Months ended 31st March 2025
Rs'000
Rs'000
Rs'000
Consumer Electronics
3,424,732
2,453,512
13,147,131
10,904,183
Financial Services
6,512,158
4,050,828
21,979,034
14,969,214
Furniture
1,480,327
1,251,496
5,912,036
4,515,261
Home Appliances
11,837,972
8,616,546
43,585,836
30,667,313
Digital Products
7,106,425
5,602,593
26,740,488
18,661,595
Sewing Machines
1,238,856
799,316
4,223,917
2,870,370
Other
4,084,825
1,433,624
12,987,449
5,721,904
35,685,295
24,207,915
128,575,891
88,309,840
Segmental Analysis of Group Profits Before Tax is as follows:
Three Months ended 31st March 2026 | Three Months ended 31st March 2025 | Twelve Months ended 31st March 2026 Rs'000 | Twelve Months ended 31st March 2025 | |
Rs'000 | Rs'000 | Rs'000 |
Consumer Electronics | 453,157 | 266,037 | 1,574,420 | 1,152,826 |
Financial Services | 1,821,673 | 1,029,917 | 5,915,637 | 3,366,155 |
Furniture | 121,401 | 81,876 | 523,973 | 229,658 |
Home Appliances | 1,868,988 | 708,309 | 5,040,455 | 2,793,966 |
Digital Products | 559,160 | 259,862 | 1,587,928 | 869,651 |
Sewing Machines | 140,692 | 80,627 | 433,021 | 296,044 |
Other | 352,511 | 203,874 | 848,735 | 374,731 |
Impairment Loss Trade and Other Receivables | (455,372) | (62,115) | (1,031,192) | (543,500) |
Operating Profit | 4,862,210 | 2,568,387 | 14,892,977 | 8,539,531 |
Net Finance Cost | (766,888) | (249,378) | (2,294,475) | (1,648,088) |
VAT on Financial Services | (437,207) | (255,681) | (1,157,711) | (669,734) |
Profit Before Tax | 3,658,115 | 2,063,328 | 11,440,791 | 6,221,709 |
3 STATED CAPITAL | ||||
3.1 | ||||
31st March 2026 | 31st March 2025 | |||
Value-Ordinary Shares (Rs.) | 1,138,856,653 | 1,138,856,653 | ||
Number of Ordinary Shares at the end of the period | 1,167,617,912 | 1,167,617,912 | ||
Voting Rights | One Vote per Ordinary Share | One Vote per Ordinary Share |
Contingencies
"Commissioner General of Inland Revenue has issued assessment notices on Singer (Sri Lanka) PLC pertaining to an additional VAT Liability/ Payment on account of Deemed VAT for seven quarters during the period 1st January 2014 to 30th September 2015. The assessments were for a Deemed VAT payment of Rs. 1,076 million and penalty of Rs. 423 million, totalling to Rs. 1,499 million. The assessments were appealed against and in due course the Commissioner General of Inland Revenue issued the determination on the appeal. In terms of the same, Rs. 791 million of Deemed VAT liability and penalty of Rs. 395 million totalling to Rs.1,186 million was held to be the Deemed VAT liability for the seven quarters for the period from 1st January 2014 to 30th September 2015. The Company after carefully reviewing the situation and based on the advice of tax consultants, was of the opinion that there is no basis for the Company to be made liable for Deemed VAT. Accordingly the Company decided to appeal to the Tax Appeals Commission against the determination. Further, the Company had previously provided bank guarantees amounting to Rs. 297 million to the Commissioner General of Inland Revenue - Tax Appeals Commission.
The Tax Appeals Commission hearings were concluded on 28th February 2023, and the determinations were consequently issued on the 17th of May 2023 and 23rd May 2023 for all seven quarters for the period from 1st January 2014 to 30th September 2015 - Though the Company was not informed of such determinations for a period of approximately one month from such dates. The Tax Appeals Commission in
determining the case has confirmed the purported determinations made by the Commissioner General of Inland Revenue for all seven quarters. Accordingly at the time of receiving the said determinations on the 20th of June 2023, the company deposited 10% of the pending assessed
Notes to the Financial Statementsvalue amounting to Rs. 108 Mn in lieu of renewing the bank guarantees which were previously given. The Rs. 108 Mn. has by now been transferred by the Tax Appeals Commission to the Department of Inland Revenue.
The Company after carefully reviewing the situation and based on the advice of tax consultants, is of the opinion that there is no basis for the Company to be made liable for Deemed VAT. Accordingly, the Company has decided to seek the judicial review in the Appellate Court against the determination issued by the Tax Appeals Commission by making an application for a case stated,which was submitted to the Court of Appeal in August 2023. Hence, no provision has been made in the Financial Statements until the matter has been determined by the Court.
Commissioner General of Inland Revenue has issued assessment notices on Singer Digital Media (Pvt) Ltd which has been amalgamated with Singer (Sri Lanka) PLC pertaining to an additional Income Tax Liability for the Year of Assessment 2018/2019. The assessment was for an income tax payment of Rs. 86 million and interest and penalty of Rs. 44 million and Rs. 16 million respectively, totalling to Rs. 147 million.
Since, the Commissioner General of Inland Revenue has failed to make the determination on the appeal, the Company has decided to appeal to the Tax Appeal Commission against the assessment dated 25th May 2022. Further, the Company has previously provided a bank guarantee amounting to Rs. 37 million to the Commissioner General of Inland Revenue - Tax Appeals Commission on 02nd March 2023.
The determination was issued by the Tax Appeals Commission for the year of assessment 2018/2019 on 21st November 2023 confirming the assessment notices issued. The tax authorities have exercised the bank guarantee of Rs. 37 million on 7th December 2023.
The Company after carefully reviewing the situation and based on the advice of tax consultants, is of the opinion that it is unlikely that the company will be made liable for Income Tax. Accordingly, the Company has decided to seek the judicial review in the Appellate Court against the determination issued by the Tax Appeals Commission by making an application for a case stated , which was submitted to the Court of Appeal in February 2024. Hence, no provision has been made in the Financial Statements until the matter has been determined by the Court.
C) The Company has received default notices for assessments issued to Singer Digital Media (Pvt) Ltd which has been amalgamated with Singer (Sri Lanka) PLC, in relation to Income Tax and National Building Tax (NBT). These include income tax in default for the Year of Assessment 2015/2016, comprising tax payable of Rs. 2.8 million and a penalty of Rs. 2.7 million, income tax penalty for the Year of Assessment 2016/2017 amounting to Rs. 10.5 million and NBT default for the period 1620 comprising tax payable of Rs. 5.4 million and a penalty of Rs. 2.7 million, totalling to Rs. 24.1 million.
The company has responded to the Inland Revenue Department on 21 April 2026, stating that the liability had already been settled on 13 November 2015 for the income tax default notice received for the year of assessment 2015/16, while the company is currently in the process of responding to the default notices for the year of assessment 2016/2017 and for the period 1620.
Singer (Sri Lanka) PLC has provided bank guarantees amounting to Rs.807 million to Director General of Customs to clear imports during the years 2008 to March 2026. The bank guarantee related to alleged additional duty payable on imports, claimed by the customs and is being contested by the Company in courts. The Court of Appeal ordered that the Director General of Customs continue with the investigations. The Company being aggrieved by the decision has filed an appeal, which is pending before the Supreme Court. The Company lawyers are of the opinion that there is no basis that the Company is liable for the additional duty. Based on assessment the probability is higher that the Company would not be required to settle the liability. Hence, no provision is made in the Financial Statements
Inland Revenue Department has issued assessment notices on Singer (Sri Lanka) PLC pertaining to VAT for 17 quarters from 1st Quarter 2017 to 1st Quarter 2022. The assessment is for a VAT payment of Rs. 662.44Mn and penalties thereon amounting to Rs. 847.46Mn. The reason for these assessments is due to a mismatch between the tax invoice numbers/values associated with third-party input VAT claims (as reported in Customer VAT Schedule 02) and those recorded and declared by the company in VAT Schedule 01 of Singer (Sri Lanka) PLC.
The Company after carefully reviewing the situation and based on the advice of tax consultants, is of the opinion that there is no basis for the Company to be made liable for VAT. Accordingly, the Company has decided to appeal against the assessments issued by the Senior Deputy Commissioner of the Inland Revenue Department
Inland Revenue Department has raised assessment notices on Singer (Sri Lanka) PLC pertaining to an additional Income Tax Liability for the Years of Assessment 2017/2018, 2018/2019, 2019/2020 and 2020/2021. These assessments were for income tax payments of Rs. 596 million and interest and penalty of Rs. 575 million and Rs. 205 million respectively, totalling to Rs. 1,376 million. The reason for these assessments is due to mismatches between the tax invoice numbers/values associated with third-party input VAT claims (as reported in
Customer VAT Schedule 02) and those recorded and declared by the company in VAT Schedule 01 of Singer (Sri Lanka) PLC. Thus, the Inland Revenue Department arguing that there is an undeclared revenue, thereby resulting in an understatment of the taxable profit.
The Company after carefully reviewing the situation and based on the advice of tax consultants, is of the opinion that there is no basis for the Company to be made liable for Income Tax. Accordingly, the Company has decided to appeal against the assessments issued by the Senior Deputy Commissioner of the Inland Revenue Department.
The Commissioner General of Inland Revenue has issue assessments against Regnis Appliances (Pvt) Ltd, a 100% subsidiary of Singer (Sri Lanka) PLC. The assessments were raised on VAT for 1st & 4th Quarters of 2016, 4th Quarter of 2019 and 1st Quarter of 2023. The total amount assessed is Rs. 3.3 Mn. After carefully reviewing the assessments and based on the advice of tax consultants, the company appealed against the assessments raised.
The Company, after carefully reviewing the situation and based on the advice of tax consultants, is of the opinion that there is no basis for the Company to be made liable for VAT. Accordingly, the Company has decided to appeal against the assessments issued by the Commissioner of the Inland Revenue Department.
Singer Finance (Lanka) PLC has provided letters of guarantee totalling to Rs.32,100,000/- against Fixed Deposits of Rs.32,100,000/- as at 31st March 2026.
i ) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional surcharge tax liability for the taxable period from 1st April 2020 to 31st March 2021. The assessment includes a surcharge tax of Rs. 333.5 million and interest of Rs. 49.7 million, totaling to Rs. 383.2 million.
Following a comprehensive review of the relevant facts and applicable tax legislation, management concluded that there were reasonable grounds to challenge the assessment. Accordingly, the Company submitted a request for an administrative review on 31 December 2024. Subsequent to this review, the Department of Inland Revenue issued its Determination on 19 January 2026. As per the Determination,
the surcharge tax was revised to Rs. 300.2 million, with interest of Rs. 166.2 million and a penalty of Rs. 49.4 million, prior to adjusting for payments already made. The Company had previously settled Rs. 53 million in 2022 and Rs. 100.3 million in September 2024. After accounting for these payments, the outstanding amounts were a surcharge tax of Rs. 247.2 million, interest of Rs. 65.9 million, and a penalty of Rs. 49.4 million.
Upon careful consideration of the Determination and based on professional advice obtained from tax consultants, management determined that there are sufficient grounds to further contest the position taken by the Department of Inland Revenue. Accordingly, an appeal was filed with the Tax Appeals Commission on 11 February 2026.
j ) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional Income tax liability for the taxable period from 1st April 2020 to 31st March 2021. The assessment includes an Income tax of Rs. 102.2 million and interest of Rs. 49 million, totalling Rs. 151.2 million.
After carefully reviewing the situation and based on the advice of tax consultants, the Company has settled part of the assessed amount, totaling Rs. 19.5 million, which includes interest of Rs. 6.4 million. The Company is of the view that it has strong grounds to contest the remaining portion of the assessment. Accordingly, the Company lodged an appeal for an administrative review on 20th June 2024. The administrative review interview was held on 06th March 2025, and a written submission was provided on 15th May 2025. Furthermore, the additional requested information has been submitted via email.
It was negotiated with the Department of Inland Revenue at the administrative review stage and agreed on a settlement of Rs.13,619,272/-inclusive of a reduced penalty of Rs. 1,284,186/- and interest of Rs. 2,735,797/-
k ) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional Income tax liability for the taxable period from 1st April 2021 to 31st March 2022. The assessment includes an Income tax of Rs. 22.8 million and interest of Rs. 9.9 million, totalling Rs. 32.7 million.
After carefully reviewing the situation and based on the advice of tax consultants, the Company has settled part of the assessed amount, totaling Rs. 16.2 million. The Company is of the view that it has strong grounds to contest the remaining portion of the assessment. Accordingly, the Company lodged an appeal for an administrative review on 12th March 2025. The appeal hearing was held on 17th March 2026, and the Company submitted additional information on 10th April 2026. The matter is yet to be finalized.
l ) Regnis (Lanka) PLC which is now merged with Singer (Sri Lanka) PLC has cleared a shipment of imported goods during the year 2008 on provision of a bank guarantee to the Director General of Customs amounting to Rs. 7 million. The bank guarantee relates to alleged additional duty payable on imports which is contested by the Company. The customs inquiry initiated in 2008 is still pending. The Management is of the opinion that there is no basis that the Company is liable for the additional duty and hence, no provision is made in the Financial Statements on additional duty payable on imports which is contested by the Company.
m ) The Commissioner General of Inland Revenue has issued Default tax notices on Regnis (Lanka) PLC which was amalgamated with Singer (Sri Lanka) PLC on 31st January 2024 pertaining to VAT, IT, Dividend tax & ACT Liabilities from year 1998 to 2007. The default notices were Default tax amounting to for Rs. 12.2 million and penalty of Rs.5.5 million, totalling Rs. 17.7 million.
Based on the advice of tax consultants, the company has given a reply to the IRD mentioning reasons as to why the company should not be assessed.
n ) The Commissioner General of Inland Revenue has issued assessments/default notices on Singer Industries (Ceylon) PLC which was amalgamated with Singer (Sri Lanka) PLC on 31st January 2024 pertaining to VAT, IT, Dividend tax & PAYE Liabilities from year 1993 to 2024. The assessments/ default notices were for Default tax amounting to Rs. 30.1 million and penalty of Rs.20.8 million, totalling Rs. 50.9 million.
After an extensive evaluation of the circumstances and tax legislation, management asserts that there are valid reasons to contest the assessments/default notices. Therefore,no provision has been made in the financial statements.
o ) Commissioner General of Inland Revenue has issued an assessment notice on Singer (Sri Lanka) PLC pertaining to an additional VAT on Financial Services Liability for the taxable period of 01st January 2016 to 31 December 2016. The assessment was for VAT on Financial Services payment of Rs. 27 million and penalty of Rs. 16 million, totalling to Rs. 43 million. Subsequently, Commissioner General of Inland Revenue had given the determination on the appeal. As per the same, Rs . 26 million of VAT on Financial Services liability and a penalty of Rs. 26 million totalling Rs. 52 million is payable as VAT on Financial Services liability for the period 1st January 2016 to 31st December 2016. The Company after carefully reviewing the situation and based on the advice of tax consultants, was of the opinion that the Company has strong grounds on which to contest the CGIR's determination. Accordingly, the Company decided to appeal to the Tax Appeal Commission against the determination on 17th August 2021. Further, the Company has provided a bank guarantee amounting to Rs.13 million to the Commissioner General of Inland Revenue - Tax Appeal Commission on 03rd December 2021.
The Tax appeal commission annulled the assessment and the determination of the Commissioner General of Inland Revenue on the case through their determination made on the 24th December 2024.
Events Occuring After The Balance Sheet Date
There have been no events occuring after the balance sheet date that require disclosure in the financial statements except the following.
The Board of Directors passed a resolution on 30th April 2026 granting approval to sell the entirety of the 9.28% stake held in Equity Investments Lanka Limited for a consideration of Rs. 10,989,000/-based on an offer made by an investor.
Singer (Sri Lanka) PLC executed a Sale and purchase agreement with ACME Printing and Packaging PLC on 28th April 2026 to purchase the premises bearing Assessement No. 345, Gonamadiththa Road, Piliyandala at a price of Rs. 630 Mn for the purpose of expanding the local manufacturing business of the Company.
Interim Dividend
On 31st March 2026, the Board of Directors have declared a Fourth interim dividend of Rs. 0.85 per share amounting to Rs. 992 million for the year ended 31st March 2026 and payment was made on 28th April 2026.
Top 20 Shareholders as at 31st March 2026
Name
Number of Shares
Percentage
1 HAYLEYS PLC
783,801,111
67.13
2 HAYLEYS ADVANTIS LIMITED
111,382,980
9.54
3 VOLANKA (PVT) LIMITED
34,787,235
2.98
4 HAYLEYS AVENTURA (PRIVATE) LIMITED
31,595,745
2.71
5 CARBOTELS (PVT) LIMITED
29,042,553
2.49
6 HAYLEYS AGRICULTURE HOLDINGS LIMITED
28,404,255
2.43
7 MR. KULAPPU ARACHCHIGE DON DHAMMIKA PERERA
20,807,739
1.78
8 HATTON NATIONAL BANK PLC - CAPITAL ALLIANCE QUANTITATIVE EQUITY FUND
8,669,975
0.74
9 MRS. MIHIRI VIRANI FERNANDO
6,025,000
0.52
10 PEOPLE'S LEASING AND FINANCE PLC/M.E.AMARASINGHE
5,828,780
0.50
11 DEUTSCHE BANK AG TRUSTEE TO LYNEAR WEALTH DYNAMIC OPPORTUNITIES FUND
3,550,000
0.30
12 PEOPLE'S LEASING AND FINANCE PLC/L.P.HAPANGAMA
2,742,905
0.23
13 HATTON NATIONAL BANK PLC - NDB WEALTH GROWTH AND INCOME FUND
2,000,000
0.17
14 INVENCO CAPITAL PRIVATE LIMITED
1,509,554
0.13
15 DEUTSCHE BANK AG-NATIONAL EQUITY FUND
1,458,194
0.12
16 UNION INVESTMENTS (PRIVATE) LIMITED
1,355,798
0.12
17 DFCC BANK PLC A/C NO.02
1,267,865
0.11
18 SEYLAN BANK PLC/SARATH KUMARA WIJEKOON
1,213,730
0.10
19 MISS NAI KALUGE RUVANI HEMAMALA DE SILVA
1,192,914
0.10
20 MR. ABEYSIRI HEMAPALA MUNASINGHE & MR. A.R.R. MUNASINGHE
1,143,220
0.10
Sub Total
1,077,779,553
92.31
Other Shareholders
89,838,359
7.69
Total Issued Shares
1,167,617,912
100.00
There were no non-voting shares as at 31.03.2026
Subscribing to the Rights Issue of Singer Finance (Lanka) PLC
Singer Finance (Lanka) PLC ('Singer Finance'), a subsidiary of the Company offered a Rights Issue of ordinary voting shares up to 75,777,778 at Rupees Twenty Six and Cents Fifty (Rs. 26.50) to the existing shareholders of the Company, in the proportion of Six (6) new Ordinary shares for every Sixteen (16) existing shares held. Since the Company held 161,513,035 ordinary voting shares in Singer Finance before the Rights Issue, the company subscribed for the full entitlement of 60,567,388 ordinary voting shares at a total consideration of Rupees One Billion Six Hundred and Five Million Thirty-Five Thousand Seven Hundred and Eighty-Two (Rs. 1,605,035,782/-). Accordingly, Singer Finance issued shares to the company in October 2025. This investment has been recorded under Investment in Subsidiary in the Company's balance sheet as at 31st March 2026.
Director' s and GMD's Shareholding as at
Name of the Director
Shareholding 31st March 2026
Number of Shares
Shareholding 31st March 2025
Number of Shares
Mr. Mohan Pandithage - -
Mr. Mahesh Wijewardene (GMD) - -
Mr. Deepal Sooriyaarachchi - -
Mr. Sarath Ganegoda - -
Mr. Dilip De Silva Wijeyeratne - -
Ms. Gayani De Alwis - -
Ms. Brindhiini Perera - -
Ms. Kawshi Amarasinghe - -
Mr. Jonathan Alles - -
Mr. Shalinka Seresinhe (appointed on 01.04.2025) - -
Mr. Thulitha Mendis (appointed on 01.04.2025) - -
Mr. Vajira Tennakoon (appointed on 01.04.2025) - -
Public Holding
Shares held by public as at 31st March 2026
Number of share holders Number of shares Percentage
7,665 127,691,294 10.94%
Float adjusted market capitalization - Rs. 9,832,229,638/=
The Company complies with option 2 of the Listing Rules 7.13.1 (i) (a) which requires a minimum Public Holding of 5%.
Company Secretaries / Registrars
Hayleys Group Services (Private) Limited 400, Deans Road, Colombo 10, Sri Lanka Contact No. 0112627650
Corporate InformationName of the Company
Singer (Sri Lanka) PLC
Legal form
Public company with limited liability. Incorporated as a public company in SriLanka on 30th December 1974 under the Companies Ordinance and re-registered under the Companies Act No. 07 of 2007 on 13th June 2008. Founded in 1877 as a Branch of Singer Sewing Machine Company, USA. The shares of the Company are listed on the Colombo Stock Exchange.
Registered office
Singer (Sri Lanka) PLC No. 112, Havelock Road, Colombo 05, Sri Lanka.
Phone: +94 11 231 6316 (13 lines) Facsimile:
+94 11 242 3544
Email: singer@singersl.com Website: https://www.singer.lk
Company registration number
New - PQ 160
Old - PBS 802 (S.P.)
Tax payer Identification Number
124008026
Bankers
Bank of Ceylon
Commercial Bank of Ceylon PLC Deutsche Bank Sri Lanka
Hatton National Bank PLC MCB Bank Sri Lanka Nations Trust Bank PLC NDB Bank PLC
Pan Asia Bank PLC People's Bank Seylan Bank PLC Sampath Bank PLC
Standard Chartered Bank (Sri Lanka) Limited The Hongkong & Shanghai Banking Corporation
Union Bank PLC Habib Bank Limited DFCC Bank PC Cargills Bank PLC
Auditors
KPMG
Chartered Accountants
No. 32A, Sir Mohamed Macan Markar Mawatha,
P.O. Box 186,
Colombo 3, Sri Lanka.
Registrars
Hayleys Group Services (Private) Limited No. 400, Deans Road,
Colombo 10, Sri Lanka.
Company secretaries
Hayleys Group Services (Private) Limited No. 400, Deans Road,
Colombo 10, Sri Lanka.
Lawyers
Neelakandan & Neelakandan Attorneys-at-Law & Notaries Public M&N Building (Level 5),
No. 2, Deal Place, Colombo 3, Sri Lanka.
Directorate
Mr. Mohan Pandithage Chairman (Executive)
Mr. Mahesh Wijewardene Group Managing Director Mr. Deepal Sooriyaarachchi Mr. Sarath Ganegoda
Mr. Dilip De S. Wijeyeratne Ms. Gayani de Alwis
Ms. Brindhiini Perera
Ms. Kawshi Amarasinghe Mr. Jonathan Alles
Mr. Shalinka Seresinhe (appointed w.e.f 01.04.2025) Mr. Thulitha Mendis (appointed w.e.f 01.04.2025) Mr. Vajira Tennakoon (appointed w.e.f 01.04.2025)
Audit Committee
Mr. Dilip De Silva Wijeyeratne (Chairman)-Senior Independent
Mr. Deepal Sooriyaarachchi Non Executive
Mr. Jonathan Alles Independent Non Executive
Ms. Gayani De Alwis Independent Non Executive
Nominations and Governance Committee
Mr. Dilip De Silva Wijeyeratne (Chairman)Senior Independent
Mr. Sarath Ganegoda Non Executive
Mr. Jonathan Alles Independent Non Executive
Ms. Kawshi Amarasinghe Independent Non Executive
Remuneration Committee
Mr. Dilip De Silva Wijeyeratne (Chairman) -Senior Independent
Mr. Deepal Sooriyaarachchi Non Executive
Mr. Jonathan Alles Independent Non Executive
Ms. Gayani De Alwis Independent Non Executive
Related Party Transactions Review Committee
Mr. Jonathan Alles (Chairman) Independent Non Executive
Mr. Dilip De Silva Wijeyeratne Senior Independent
Mr. Deepal Sooriyaarachchi Non Executive
Ms. Gayani De Alwis Independent Non Executive
Singer (Sri Lanka) PLC No. 112, Havelock Road, Colombo 05, Sri Lanka.
Phone : +94 11 231 6316 (13 lines)
Facsimile : +94 11 242 3544 Email : singer@singersl.com Website : https://www.singer.lk