Monday Apr 27, 2026
Monday Apr 27, 2026
Monday, 27 April 2026 00:02 - - {{hitsCtrl.values.hits}}
Dr. W. Jinadasa
Famous tea industry figure and investor Dr. W. Jinadasa has upped his stake in Exterminators PLC to 10.66%, thereby emerging as the second largest shareholder.
He crossed the 10% stake mark last week by acquiring over 3 million shares via Nestor Stock Brokers, topping up the 2.5 million shares held previously.
He now holds 5.6 million shares or 10.66% stake. Exterminators on Friday closed at Rs. 16.80, up by 3% from Thursday. It is learnt the average cost of Jinadasa’s stake was around Rs. 13-14 per share.
Jinadasa, who owns Andaradeniya Estate, had acquired the stake on future upside and as part of a strategy to expand his equity portfolio. He is the eighth largest shareholder of Sampath Bank, apart from being the second largest shareholder in Sinha Hospital and among the top shareholders of Softlogic Life.
At Exterminators, as at end-September 2025, Managing Director Marlon Ferreira held 57.4% stake. The public float of Exterminators in September 2025 was 31% held by 959 shareholders.
Exterminators positions itself as Asia’s first publicly listed pest management company and recently announced a landmark digital transformation in termite control with the launch of the re-engineered Smart Missile 3G. Developed in collaboration with Sentario UK, the Smart Missile is the world’s first carbon-neutral, artificial intelligence (AI)-powered termite station designed to stop silent destroyers, before they breach a structure. Originally invented by Exterminators in 2009 as South Asia’s first locally manufactured termite station, the Smart Missile achieved a world-first carbon-neutral certification in 2015.
It also announced the launch of its state-of-the-art AI-powered Report Factory, aimed at transforming the company’s operations by automating the generation of essential service reports, significantly increasing efficiency and enhancing quality assurance throughout its operations.
