Janashakthi Insurance goes for 1:3 share split

Friday, 13 February 2026 00:26 - - {{hitsCtrl.values.hits}}

Janashakthi Insurance PLC has proposed a subdivision of its ordinary shares on a one-for-three basis, subject to regulatory and shareholder approvals.

In a disclosure, the company said its Board of Directors at a meeting held recently resolved to recommend to shareholders that each existing ordinary share be subdivided into three ordinary shares.

Following the proposed subdivision, the number of issued shares will increase from over 226.5 million to over 679.5 million ordinary shares.

The company said there will be no change to its existing stated capital, which will remain at over Rs. 4.8 billion.

The subdivision is subject to the company obtaining concurrence from the Colombo Stock Exchange (CSE) to proceed with the subdivision of ordinary shares, as well as approval by shareholders at an Extraordinary General Meeting.

Janashakthi Insurance closed up Rs. 2 to Rs. 137.75. The company reported net assets of Rs. 81.54 per share as of end-September 2025. Janashakthi Ltd., is the parent company with a 74.23% stake.