CDS signs up with Lanka IOC to act as Registrar

• Published date: 07 February 2023
• Publication title: Daily Mirror

From left: CSE Senior Legal Officer Madavi Leuke, CDS Senior Assistant Manager- CRM Hemal Weerasinghe, LIOC Company Secretary Amali Liyanapatabendi, Senior Vice President (Finance) Aseem Bhargava, MD Manoj Gupta, CSE CEO Rajeeva Bandaranaike, CDS Head Nalin Fonseka, CSE Senior Vice President - Finance and Administration Kusal Nissanka, CDS Deputy Head Nadeera Athukorale, Senior Assistant Manager - Corporate Solutions Vindhya Colombage

The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st January 2023.

Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel retailer in Sri Lanka. Over the years, the company has made a significant impact on the socio-economic landscape by enabling mobility, economic activity, and development. With an island-wide footprint of 213 retail outlets, the company services 12 percent of the country's retail fuel demand.

Reasoning on appointing CDS, as the Registrar for Lanka IOC PLC, its' Managing Director, Manoj Gupta, said, 'We engaged CDS to conduct our virtual annual general meetings during the period of COVID-19 pandemic where all listed companies were not in a position to convene any physical meeting as it was most essential to maintain social distance. We found the services...