Paragon Ceylon PLC
Annual Report
2020
Noce of Meeng
NOTICE IS HEREBY GIVEN that the Sixty Third Annual General Meeng of Paragon Ceylon PLC will be held at the Commiee Room, NCC, 29 Maitland Place Colombo 7 on 06th May 2022 at 10.30 am and the business to be brought before the Meeng will be:
1. To receive and consider the Annual Report of the Board of Directors on the affairs of the Company and the Financial Statements for the year ended 31st March 2020 and the Report of the Auditors thereon.
2. To pass the ordinary resoluon set out below to appoint Mr. L C G Ratnanather who is 87 years of age, as a Director of the Company;
"IT IS HEREBY RESOLVED THAT the age limit spulated in Secon 210 of the Companies Act, No.07 of 2007 shall not apply to Mr. L C G Ratnanather who is 87 years of age, and that he be and is hereby appointed a Director of the Company in terms of Secon 211 of the Companies Act No. 07 of 2007"
3. To pass the ordinary resoluon set out below to appoint J B M Ponrajah who is 72 years of age, as a Director of the Company;
"IT IS HEREBY RESOLVED THAT the age limit spulated in Secon 210 of the Companies Act, No.07 of 2007 shall not apply to Mr. J B M Ponrajah who is 72 years of age and that he be and is hereby appointed a Director of the Company in terms of Secon 211 of the Companies Act No. 07 of 2007"
4. To re-elect Mr. M M Marzook who reres by rotaon in terms of Arcles 84 of the Arcles of Associaon, as a Director of the Company.
5. To authorise the Directors to determine donaons for the ensuing year.
6. To appoint Messrs.Pope & Co., Chartered Accountants, as the Auditors of the Company in place of Messrs SJMS Associates and to authorize the Directors to determine their remuneraon.
BY ORDER OF THE BOARD
PARAGON CEYLON PLC
P W CORPORATE SECRETARIAL (PVT) LTD
DIRECTOR/SECRETARIES
25th March 2022. Colombo.
Note:
Note: A member entled to aend and vote at the meeng is entled to appoint a Proxy to aend and vote instead of him/her. A Proxy need not be a member of the Company. A Form of Proxy is enclosed for this purpose. The completed form of Proxy should be deposited at the Registered Office of the Company, not less than forty-eight (48) hours before the me fixed for the commencement of the Meeng.
Corporate Informaon
Directors
L. I. Ratnasabapathy (Chairman/Managing Director)
L. C. G. Ratnanather
J. P. M. Ponrajah
P. S. R. Casie Chiy
M. M. Marzook
A. M. De Alwis
Secretaries
P W Corporate Secretarial (Pvt) Ltd
Head of Finance
M. S. A. Kariapper
Auditors
SJMS Associates Chartered Accountants
Tax consultants
Nanayakkara & Co.
Chartered Accountants
Bankers
Commercial Bank of Ceylon Ltd.
Lawyers
Nithi Murugesu Aorney-at-Law
Directors' Profile
L. I. Ratnasabapathy - Execuve Chairman and Managing Director
Mr. L. I. Ratnasabapathy is a CIMA finalist with broad experience and exposure to finance, informaon technology, systems design and implementaon, project management, and commercial offset prinng. He serves as the Execuve Chairman and Managing Director for Ceylon Printers PLC, Office Equipment PLC, Paragon (Ceylon) PLC, Kalamazoo Industries (Pvt) Ltd and Internaonal Computers (Ceylon) Ltd.
L. C. G. Ratnanather - Director
Mr. L. C. G Ratnanather has been with the Company since 1965 and counts 55 years of senior management experience. He acts as the Group Finance Director and oversees the finance funcon. He is a director of Ceylon Printers PLC, Paragon Ceylon PLC, Kalamazoo Industries (Pvt) Ltd, Office Equipment PLC and Internaonal Computers (Ceylon) Ltd. Mr. Ratnanather is a finalist at the Chartered Instute of Accountants Sri Lanka.
J. B. M. Ponrajah - Execuve Director
Mr. J. B. M. Ponrajah is responsible for the overall operaons of Paragon Ceylon PLC. He is responsible for strategy implementaon and achievement of the Company goals. Mr. J. B. M. Ponrajah has been working with the Company since 1972 and counts 47 years of experience in senior management, sales and markeng.
P. S. R. Casie Chiy - Independent Non-Execuve Director
Mr. R. Casie Chiy joined the board as an independent non execuve director in 2009. He is an independent non execuve director of Ceylon Printers PLC, Paragon Ceylon PLC and Office Equipment PLC. Mr. Casie Chiy who holds a Masters in Economics from the University of Colombo is also a Fellow of the Associaon of Chartered Cerfied Accountants (ACCA), UK, an Associate Member of the Chartered Instute of Management Accounts (CIMA), UK, and a Chartered Financial Analyst, USA.
M. M. Marzook - Independent Non-Execuve Director
Mr. M. M. Marzook joined the board as an independent non execuve director in 2013. He is a Fellow Member of the Instute of Chartered Accountants of Sri Lanka (CA Sri Lanka), an Associate Member of the Chartered Instute of Management Accountants (CIMA) and holds a Master of Business Administraon from the University of Sri Jayawardenapura. He is currently the Head of Special Projects - Finance and Management Informaon Systems, at Hayleys Advans Limited. He counts for over 30 years' experience in Finance, Consulng and Financial Advisory.
A. M. De Alwis - Execuve Director
Ms. A. M. De Alwis Obtained a Bachelor of Arts in Economics in 1994 from Haverford College in Pennsylvania and is a passed finalist of CIMA.
She started her career as a management trainee at the Colombo Stock Exchange for a period of a year from September 1994 to 1995. Thereaſter, she commenced Accounng studies and completed the exams of the Chartered Instute of Management Accountants in 1998.
While studying accountancy, she obtained work experience at BIP Advantage Sri Lanka, an adversing agency, from September 1994 to December 1995 in the Accounts department. She then served as the Accountant at DLPL (Yellow Pages) Sri Lanka from 1999 to 2000 and thereaſter for a period of a year at the Ceylon Printers Group of Companies, before rejoining the group in 2020.
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Paragon Ceylon plc published this content on 08 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2022 02:18:08 UTC.