Sunday, December 6, 2020

Elpitiya Plantations conducts first virtual AGM

Officials at the AGM

Elpitiya Plantations PLC, an associate company of Aitken Spence PLC, recently held their 28th Annual General Meeting (AGM) on a virtual platform.

The session was hosted live for the shareholders via Zoom videotelephony programme, from Aitken Spence Towers at Vauxhall Street, conforming to health and safety regulations issued by the Government of Sri Lanka in the aftermath of the outbreak of Covid-19 pandemic.

This was yet another milestone in the history of Elpitiya Plantations PLC.

Whilst the Board of Directors of Elpitiya Plantations PLC assembled in the corporate board room, maintaining social distancing protocols, the shareholders joined the meeting remotely from various locations.

All shareholders were encouraged to participate actively at the meeting and were able to view the entire proceedings of the meeting live.

Furthermore, the shareholders were enabled to vote online on the resolutions on a single platform which facilitated a seamless engagement. This was another unique feature of the virtual meeting.

The online platform also facilitated an interactive Q&A session with the Board of Directors.

The co-ordination of the event was entirely handled in-house by the Company Secretarial Division and the Group’s Information Technology Division, with assistance from AV Productions of Calcutta, who facilitated the audio/visual aspects.

Elpitiya Plantations PLC (EPP) is a leading Regional Plantation Company (RPC) with a diversified crop base including tea, rubber, oil palm, forestry, cinnamon among others.

The company’s thirteen estates are located in the up, mid, and low country regions of Sri Lanka and cover a land extent of 8,800 hectares.

In 2017/18, as a result of their proactive efforts to achieve operational sustainability, the Company embarked on a strategy aimed at transforming itself from a commodity-based company to a more diversified operation.

Accordingly, the Group has expanded its interests to a wide range of sectors including eco-tourism, renewable energy, cultivation of berries and commissioning of a world-class adventure theme park in Sri Lanka.

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