Latest News

  • Enviro Water Systems encourages Sri Lanka to ‘Be the change’ on World Water Day 2023
  • Hayleys Aventura: one-stop-shop for material handling and storage solutions
  • HNB honoured as the Best Retail Bank in Sri Lanka for the 13th year
  • Dr. Gurpal Singh Shares Developments in Treatment of Orthopaedic Oncology at the Annual Academic Session of SLOA
  • Lina signs contract manufacturing agreement with TRUVIC
  • Visit Citrus Hikka Wedding Fair 2023 to Plan Your Dream Wedding
  • Meta, ICTA and partners remain committed to the digital empowerment of Sri Lankan women
  • Ex-Pack Corrugated Cartons PLC prioritizes psychological wellbeing in view of Women’s Day

    • Don't miss new videos
      Sign in to see updates from your favourite channels


Ceylon Business Reporter Ceylon Business Reporter Ceylon Business Reporter
Ceylon Business Reporter Ceylon Business Reporter Ceylon Business Reporter
  • Home
  • Economics
    • Automobile
    • Shipping
    • Market
    • Garments
    • Energy
    • Other
  • Education
    • Education
    • Other
  • Markets and financial
    • Banking
    • Commodities
    • Currencies
    • Insurance
    • Investing
    • Other
  • Health
    • Hospitals
    • Medicine
    • Other
  • Lifestyle
    • Clothing
    • Fashion
    • Food and drink
    • Jewelry
    • Other
  • Entertainment
    • Art
    • Books
    • Cinema
    • Music
    • Photography
    • Television
    • Theatre
    • Other
  • Sports
    • Cricket
    • Football
    • Swimming
    • Rugby
    • Other
  • Technology
    • Mobile phones
    • Software
    • Telecommunication
    • Other
  • Travel and tourism
    • Travel
    • adventure
    • Food
    • Hotels
    • Restaurants
    • Other
  • CSR
Home Economics CDS signs up with Lanka IOC PLC to act as Registrar

CDS signs up with Lanka IOC PLC to act as Registrar

publisher
January 28, 2023 January 28, 2023

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 of 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% of the country’s retail fuel demand.

Reasoning on appointing CDS, as the Registrar for Lanka IOC PLC, its’ Managing Director, Mr. 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 rendered to us by CDS were highly satisfactory. Thus, we are happy to appoint CDS as the Registrars of the company.”

“CDS has provided the service of handling the dividend payments to shareholders consecutively for the last three years and carried out the functions in a very good manner, coordinating well with the bankers and shareholders,” added the Company Secretary of Lanka IOC PLC, Ms. Amali Liyanapatabendi.

Further, commenting on the service, CSE CEO Mr. Rajeeva Bandaranaike said, “The CDS has had a progressive journey over the last 31 years and has now grown to offer an augmented product range to listed companies. Now CDS offers an array of services to corporates and shareholders of listed companies through their decentralized digital depository operations. We are proud to see that CDS is continuously working on innovations to further improve their services and is evolving quite rapidly into a paperless environment.”

Commenting on the agreement, Mr. Nalin Fonseka, Head of CDS said, with the admission of LIOC, CDS portfolio would further expand and will serve 16 listed issuers, and LIOC being a listed company in the power and energy sector, shareholders of the LIOC will go through different experience and enjoy the benefits of value-added services offered by the CDS.

Throughout these years, CDS has been providing listed companies and shareholders a variety of depository services, such as decentralized depository operations to depository participants, digital onboarding with online account opening for both local and international clients, de-mat services for deposits and transfers, maintenance of CDS accounts via CDS e-Connect, empowering CDS account holders to easily access their CDS account and information dissemination to all stakeholders.

Further, a range of diversified services are offered to clients, through the CDS Corporate Solution Unit , such as registrar services solutions, comprehensive shareholder management to assist corporate actions, dividend payment services with registrar solution, IPO services together with  registrar services for equity and debt, IPO services together with registrar services for equity and debt, e-IPO solutions, e-warrants, facilitating AGMs with virtual AGM services, facilitating all other corporate actions of companies, nominations service with e-nomination solution via CDS e-Connect, data report services.

(L-R): 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.
Previous Post
Image 4-min

SOS Children’s Villages Humanitarian Assistance Program to provide relief to food insecure households across Sri Lanka

Next Post
IMAGE-3

Grand Hotel NuwaraEliya offers a romantic dining experience for Valentine’s Day

Related News

Mr.-Surath-Enviros

Enviro Water Systems encourages Sri Lanka to ‘Be the change’ on World Water Day 2023

publisher
March 22, 2023 March 22, 2023
Image 03

Hayleys Aventura: one-stop-shop for material handling and storage solutions

publisher
March 22, 2023 March 22, 2023
Panadura Forum 2

SEC and CSE host an Investor Forum in Panadura

publisher
March 21, 2023 March 21, 2023
Untitled-design-6

Fuel supply from Lanka Marine Services

publisher
March 20, 2023 March 20, 2023

Advertisement

Shrink URLShrink Long URLs Free

MOST VIEWED

Durdans-Online-Reports-Portal-Offers-Fast-and-Safe-Access-to-Lab-Results…
1

Durdans Online Reports Portal Offers Fast and Safe Access to Lab Results

publisher
10.8K
Image-01-DigiBrush2

Digibrush celebartes 13 years of building successful brands in a digital world

publisher
8.9K
The Odiris Kerosene Cooker3

Odiris Engineering brings back popular Kerosene Cooker

admin
5.8K
SriLankan Airlines staff at the closing ceremony of TrailSL4

TrailSL draws to an endwith the support of SriLankan Airlines team members

admin
5K
IMG_09625

Umara Music Studio (UMS) launched for aspiring singers

publisher
4.9K

Archives

Ceylon Business Reporter is the premier business reporting website in Sri Lanka. To publish your article, please contact us on ceylonbusinessreporter@gmail.com

Contact:
0772 500 600
0713 500 600

—————————————–
Our Sinhala Version
www.lbr.lk
(Lanka Business Reporter)

Categories

  • Home
  • Economics
    • Automobile
    • Shipping
    • Market
    • Garments
    • Energy
    • Other
  • Education
    • Education
    • Other
  • Markets and financial
    • Banking
    • Commodities
    • Currencies
    • Insurance
    • Investing
    • Other
  • Health
    • Hospitals
    • Medicine
    • Other
  • Lifestyle
    • Clothing
    • Fashion
    • Food and drink
    • Jewelry
    • Other
  • Entertainment
    • Art
    • Books
    • Cinema
    • Music
    • Photography
    • Television
    • Theatre
    • Other
  • Sports
    • Cricket
    • Football
    • Swimming
    • Rugby
    • Other
  • Technology
    • Mobile phones
    • Software
    • Telecommunication
    • Other
  • Travel and tourism
    • Travel
    • adventure
    • Food
    • Hotels
    • Restaurants
    • Other
  • CSR

Recently Published

Mr.-Surath-Enviros

Enviro Water Systems encourages Sri Lanka to ‘Be the change’ on World Water Day 2023

publisher
March 22, 2023 March 22, 2023
Image 03

Hayleys Aventura: one-stop-shop for material handling and storage solutions

publisher
March 22, 2023 March 22, 2023
Image 02

HNB honoured as the Best Retail Bank in Sri Lanka for the 13th year

publisher
March 22, 2023 March 22, 2023
Copyright © Ceylon Business Reporter Web Solution By: Thik Solutions Web Hosting in Sri Lanka Life with the support of Psychology

    • Don't miss new videos
      Sign in to see updates from your favourite channels


  • Home
  • Economics
    • Automobile
    • Shipping
    • Market
    • Garments
    • Energy
    • Other
  • Education
    • Education
    • Other
  • Markets and financial
    • Banking
    • Commodities
    • Currencies
    • Insurance
    • Investing
    • Other
  • Health
    • Hospitals
    • Medicine
    • Other
  • Lifestyle
    • Clothing
    • Fashion
    • Food and drink
    • Jewelry
    • Other
  • Entertainment
    • Art
    • Books
    • Cinema
    • Music
    • Photography
    • Television
    • Theatre
    • Other
  • Sports
    • Cricket
    • Football
    • Swimming
    • Rugby
    • Other
  • Technology
    • Mobile phones
    • Software
    • Telecommunication
    • Other
  • Travel and tourism
    • Travel
    • adventure
    • Food
    • Hotels
    • Restaurants
    • Other
  • CSR