SEC defers Softlogic trading suspension to end-2025

Saturday, 22 November 2025 00:00 - - {{hitsCtrl.values.hits}}

Softlogic Holdings PLC yesterday said the Securities and Exchange Commission (SEC) has postponed the suspension of trading in its shares until 31 December.

The suspension was originally scheduled for 1 December. The company’s shares were moved to the watch list in November 2023 and again in April 2024 after independent auditors flagged going-concern issues in their reports for the financial years ended 31 March 2022 and 31 March 2023.

Softlogic said the regulator has now granted a deferment of the suspension, allowing the company’s securities to continue trading on the Colombo Stock Exchange through next year.

Softlogic reported a Rs. 3.1 billion consolidate loss for the six months to 30 September, contracting 48% from a Rs. 6 billion loss a year ago. It reported total assets of Rs. 196.2 billion with revenue reserves at a negative Rs. 87 billion.

Interest bearings borrowings amounted to Rs. 57 billion with current portion of borrowing amounting to Rs. 15 billion.

The group reported a net liability per share of Rs. 44.78 as of end September 2025.