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239              <td align="left"><strong><a href="../download/renuka-holdings-2020-final.pdf" target="_blank" name="q14" class="link_but_hm" id="q14">Annual Report of Renuka Holdings PLC - 2019/2020</a></strong></td>
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251              <td align="left"><strong><a href="../download/renuka-foods-final-2020.pdf" target="_blank" name="q14" class="link_but_hm" id="q14">Annual Report of Renuka Foods PLC - 2019/2020</a></strong></td>
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264              <td align="left"><strong><a href="../download/renuka-agri-food-annual-report-final-2020.pdf" target="_blank" name="q14" class="link_but_hm" id="q14">Annual Report of Renuka Agri Foods PLC - 2019/2020</a></strong></td>
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279              <td align="left"><strong><a href="../download/renuka-capital-plc-ar-2020-final.pdf" target="_blank" name="q14" class="link_but_hm" id="q14">Annual Report of Renuka Capital PLC - 2019/2020</a></strong></td>
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292              <td align="left"><strong><a href="javascript:showAns(24);" name="q24" class="link_but_hm" id="q24">Renuka Holdings buys control of Carson’s Guardian Capital for Rs. 636 m</a></strong></td>
293            </tr>
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305                    <p> Renuka Holdings Group has control of 75.6% of Guardian Capital Partners PLC (WAPO) for Rs. 636 million in a strategic investment and diversification. <br> <br>
306
307In a filing to the CSE, Renuka Holdings PLC said subsidiary Shaw Walla and Hedges Ltd. acquired 8.7 million shares (or 33.67%) in Guardian Capital for Rs. 283.24 million or Rs. 32.30 per share and Shall Wallace Investments PLC bought 7.74 million shares (29.97%) for Rs. 252.13 million. <br><br>
308
309Separately Renuka Holdings related parties S.V. Rajiyah and J.J.B. Aloysius bought 3.13 million shares or 12% for Rs. 101 million.<br><br>
310
311Yesterday WAPO closed the day at Rs. 34.70 up by 7.4% or Rs. 2.40 with 21.87 million shares changing hands via 372 trades for Rs. 707 million.
312
313The public float of Guardia Capital is 13% held by 2,070 shareholders. Carson Cumberbatch PLC’s Ceylon Guardian Investment Trust as at 30 June held 84% stake or 21.7 million shares and Carson Cumberbatch held 2.25%. <br> <br>
314
315Guardian Capital had assets worth Rs. 793 million as at 30 June and revenue reserves of Rs. 276 million. Net assets per share was Rs. 30.56, up from Rs. 30.38 as on 31 March. <br> <br>
316
317In its interim accounts for 1Q of FY22, Guardian Capital said the company together with its parent Ceylon Guardian Investment Trust PLC entered into a Share Sales and Purchase Agreement (SSPA) with Gazelle Asset Management Ltd. (GAZELLE), a Company incorporated in Singapore, for the sale of 21,692,800 ordinary shares being 83.97% stake held by CGIT of the company to GAZELLE.  <br> <br>
318
319The purchase consideration per share will be determined based on the net asset value of the company as at a date mutually agreed by the parties prior to the transaction plus a premium of Rs. 40 million.  <br> <br>
320
321NDB Investment Bank is the exclusive Financial Advisors to the Transaction. Shareholder approval was duly obtained at an Extraordinary General Meeting held on 7 January for substantially altering the nature of the business carried on by the C
321ompany under section 185 (2) (d) of the Companies Act No. 07 of 2007 and Article 87 (1)(vi) of the Articles of Association of the company which was one of the conditions precedents.  <br> <br>
322
323“The transaction is yet to be completed as at the date of signing these Financial Statements and has taken a longer period than anticipated at the time of signing the Share Sale and Purchase Agreement,” Guardian Capital said. <br> <br>
324
325However, this deal was terminated in early October.  <br> <br>
326                     </p>
327                      <p>&nbsp;</p>
328                      <p><a href="https://www.ft.lk/front-page/Renuka-Holdings-buys-control-of-Carson-s-Guardian-Capital-for-Rs-636-m/44-72508444-709953">https://www.ft.lk/front-page/Renuka-Holdings-buys-control-of-Carson-s-Guardian-Capital-for-Rs-636-m/44-725084</a></p></td>
329                  </tr>
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343              <td align="left"><strong><a href="javascript:showAns(25);" name="q25" class="link_but_hm" id="q25">Sampath Bank, exclusive project funding partner for development of Galle Face Icon</a></strong></td>
344            </tr>
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351                    <td height="7">&nbsp;</td>
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354                    <td>&nbsp;</td>
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356                    <p> Galle Face Properties Ltd, a subsidiary of conglomerate Renuka Holdings PLC, recently partnered with Sampath Bank PLC, as the exclusive project funding partner for the development of the Galle Face Icon, a 30-storey building with grade A office space, amenities, serviced suites and recreational areas located between the Beira Lake and Galle Face Green.<br><br>
357
358                    Commenting on the funding amounting to Rs. 4Bn, Senior Deputy General Manager – International Banking of Sampath Bank PLC Ms. Shashi Kandambi said, “We are pleased to be a part of this prominent and upcoming flagship project of the Renuka Group – The Galle Face Icon – which we believe will be an important addition to the Central Business District of Colombo. We are proud to be associated with a true Sri Lankan conglomerate’s growth”.<br><br>
359
360
361                    Director Galle Face Properties Ltd Palitha Gunathilaka further added saying, “We are equally pleased by the support extended by Sampath Bank and its foresight to partner with us on this iconic project”,<br><br>
362
363
364                    Architects of the project are PWA Architects while the construction of the project is handled by Sanken Construction (Pvt) Ltd. The ground breaking took place in 2020 and the development is expected to be completed in 2023.<br><br>
365
366
367                    Renuka Holdings PLC is a diversified organisation listed on the Colombo Stock Exchange and is the holding company for subsidiaries engaged in Agri Food export, Consumer brands, Property and Investments, tracing its roots to 1866.<br><br>
368                     </p>
369                      <p>&nbsp;</p>
370                      <p><a href="https://island.lk/sampath-bank-exclusive-project-funding-partner-for-development-of-galle-face-icon/">https://island.lk/sampath-bank-exclusive-project-funding-partner-for-development-of-galle-face-icon/</a></p></td>
371                  </tr>
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376       <tr>
377          <td>&nbsp;</td>
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392              <td align="left"><strong><a href="javascript:showAns(20);" name="q15" class="link_but_hm" id="q15">Renuka Holdings to raise Rs. 1 b via Rights Issue on CSE digital platform 09/12/2020</a></strong></td>
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404                    <td align="left" valign="top">
405                    <p> - Hopes to strengthen balance sheet and make further investments with further infusion of equity <br>
405 - Rights Issue comes hot on the heels of its subsidiary, Renuka Capital, making substantial gain on disposal of its investment in On’ally Holdings<br><br>Renuka Holdings PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on 16 December to carry out debt settlements and to fund future investments into Group subsidiaries,<br><br>according to a circular issued to its shareholders.<br><br>According to the circular, the new Ordinary Voting Shares will be issued at a price of Rs. 14 amounting to Rs. 93,486,356. The new Ordinary Non-Voting Shares will be issued at a price of Rs. 10 amounting to Rs. 96,426,220.<br><br> The total proceeds expected to be raised through the Rights Issue is Rs. 103,128,978. <br><br>Renuka Holdings PLC ordinary share price closed as at 7 December as at Rs. 15.10 and its net asset value per share as at 30 September was Rs. 62.87.<br><br>For the six months ended 30 September 2020, the organisation recorded a turnover of Rs. 4.2 billion, a net profit of Rs. 208 million and equity attributable to shareholders of Rs. 6.4 billion.  <br><br>The group consists of two main verticals – Food and Beverage, and Property and Investment. Renuka Holdings’ interest in this sector is owned through Renuka Foods PLC, which consists of: Agribusiness – Renuka Agri Foods PLC and Renuka Agri Organics Ltd., Sri Lanka’s leading coconut-based food and beverage manufacturers, Renuka Teas Ceylon Ltd. – a speciality organic and superfood tea enterprise and Kandy Plantations Ltd., Sri Lanka’s largest owner of organic certified coconut lands. <br><br>The FMCG business is led by Richlife Dairies Ltd., which is within the top five dairy companies, and Shaw Wallace Ceylon, the owner of the leading brands of canned fish, snacks, among other brands.  <br><br>In the Property and Investment sector, the ongoing construction of its flagship development ‘Galle Face Icon’ is progressing well with all piling work complete and excavation ongoing by Sanken. The construction will be above ground by April 2021. <br><br>Once completed it will be a 32-storey tower situated in the Galle Face District of Colombo 3, consisting of a total construction area of 450,000 sq ft, with vistas over Galle Face Green and the new Port City. The group also draws income from the operating Baseline Business Centre and other group lands. <br><br>On the investment side, the Group set up a dedicated listed entity in 2016, Renuka Capital PLC, which just sold its maiden significant investment in On’ally Holdings PLC (Unity Plaza) at more than triple its original investment cost. <br><br> The Rights Issue is being carried out on a digital platform in light of the impact of COVID on the postal services, since there is a practical difficulty in dispatching the Provisional Letter of Allotment to the shareholders of the company within the stipulated time frame. <br><br>However the Colombo Stock Exchange has facilitated for eligible shareholders to apply for their rights entitlement via CDS (for CDS account holders). All eligible shareholders of the company, both CDS and Non-CDS, are encouraged to follow the procedure set out and uploaded to the website www.cse.lk and www.cds.lk/renuka-holdings-plc-right-issues/prior to applying to the Rights Issue. If any shareholder is unsure, they can contact Kasun on 070 4375 236.<br><br>The Directors of the Company are I.R. Rajiyah, Dr. S.R. Rajiyah, S.V. Rajiyah, L.M. Abeywickrama, S. Dominic, T.K. Bandaranayake, J.M. Swaminathan, A.L. Rajiyah, V. Sanmugam and J. J. B. A. Rajiyah.
406                     </p>
407                      <p>&nbsp;</p>
408                      <p><a href="http://www.ft.lk/front-page/Renuka-Holdings-to-raise-Rs-1-b-via-Rights-Issue-on-CSE-digital-platform/44-709953">http://www.ft.lk/front-page/Renuka-Holdings-to-raise-Rs-1-b-via-Rights-Issue-on-CSE-digital-platform/44-709953</a></p></td>
409                  </tr>
410                </table>
411              </div></td>
412            </tr>
413          </table></td></tr>
414       <tr>
415          <td>&nbsp;</td>
416        </tr>
417
418
419
420
421        <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
422            <tr>
423              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
424              <td align="left"><strong><a href="javascript:showAns(21);" name="q16" class="link_but_hm" id="q16">Renuka Holding to raise Rs.1 bn via rights issue 09/12/2020</a></strong></td>
425            </tr>
426            <tr>
427              <td></td>
428              <td align="left" valign="top"><div id="a21" style="display: none">
429                <table width="100%" border="0" cellspacing="0" cellpadding="0">
430                  <tr>
431                    <td width="15" height="7"></td>
432                    <td height="7">&nbsp;</td>
433                  </tr>
434                  <tr>
435                    <td>&nbsp;</td>
436                    <td align="left" valign="top">
437                    <p>Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 b
437illion via a Rights Issue closing on December 16 to carry out debt settlements and to fund future investments into Group subsidiaries according to a circular issued to its shareholders.<br><br>According to the circular, the new Ordinary Voting Shares will be issued at a price of Rs. 14 amounting to Rs. 934,863,56. The new Ordinary Non-Voting Shares will be issued at a price of Rs. 10 amounting Rs. 96,426,220.<br><br>The total proceeds expected to be raised through the Rights Issue is Rs.1,031,289,78. Renuka Holdings PLC ordinary share price closed as at December 7 as at Rs.15.10 and its net asset value per share as at 30 th September 2020 was Rs. 62.87.<br><br>For the six months ended 30 th September 2020, the organisation recorded a turnover of Rs. 4.2 billion, a net profit of Rs. 208 million and equity attributable to shareholders of Rs. 6.4 billion.<br><br>The group consists of two main verticals – Food and Beverage, and Property and Investment.<br><br>The Rights Issue is being carried out on a digital platform in light of the impact of Covid on the postal services, since there is a practical difficulty in dispatching the Provisional Letter of Allotment to the shareholders of the company within the stipulated time frame.<br><br>Colombo Stock Exchange has facilitated for eligible shareholders to apply for their rights entitlement via CDS (for CDS account holders).
438                     </p>
439                      <p>&nbsp;</p>
440                      <p><a href="http://www.dailynews.lk/2020/12/09/finance/235581/renuka-holding-raise-rs1-bn-rights-issue">http://www.dailynews.lk/2020/12/09/finance/235581/renuka-holding-raise-rs1-bn-rights-issue</a></p></td>
441                  </tr>
442                </table>
443              </div></td>
444            </tr>
445          </table></td></tr>
446       <tr>
447          <td>&nbsp;</td>
448        </tr>
449
450
451
452  <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
453            <tr>
454              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
455              <td align="left"><strong><a href="javascript:showAns(22);" name="q17" class="link_but_hm" id="q17">Renuka Holding PLC to raise Rs.1.031bn via Rights Issue 08/12/2020</a></strong></td>
456            </tr>
457            <tr>
458              <td></td>
459              <td align="left" valign="top"><div id="a22" style="display: none">
460                <table width="100%" border="0" cellspacing="0" cellpadding="0">
461                  <tr>
462                    <td width="15" height="7"></td>
463                    <td height="7">&nbsp;</td>
464                  </tr>
465                  <tr>
466                    <td>&nbsp;</td>
467                    <td align="left" valign="top">
468                    <p>- Offer of 66 million Ordinary Voting shares at Rs. 14 per share and 9.5 million Non-Voting shares at Rs. 10 per share.<br>
469                      - CDS Shareholders’ Rights entitlement is uploaded to CDS Accounts and Non-CDS shareholders to follow instructions set out in   cse.lk and cds.lk<br>
470                    - Hopes to strengthen Balance Sheet and make further investments with further infusion of equity.<br>
471
472                    - Rights Issue comes hot on the heels of its subsidiary, Renuka Capital PLC making a substantial gain on the disposal of its investment in On’ally Holdings PLC<br><br>
473                    Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 b
473illion via a Rights Issue closing on the 16th of December to carry out debt settlements and to fund future investments into Group subsidiaries according to a circular issued to its shareholders.<br><br>
474
475                  According to the circular, the new Ordinary Voting Shares will be issued at a price of Rs. 14 amounting to Rs. 934,863,56. The new Ordinary Non-Voting Shares will be issued at a price of Rs. 10 amounting Rs. 96,426,220.<br><br>
476
477                  The total proceeds expected to be raised through the Rights Issue is Rs. 1,031,289,78.<br><br>
478
479                  Renuka Holdings PLC ordinary share price closed as at 07th December as at Rs. 15.10 and its net asset value per share as at 30th September 2020 was Rs. 62.87.<br><br>
480
481                  For the six months ended 30th September 2020, the organisation recorded a turnover of Rs. 4.2 billion, a net profit of Rs. 208 million and equity attributable to shareholders of Rs. 6.4 billion.<br><br>
482
483                  The group consists of two main verticals - Food and Beverage, and Property and Investment. Renuka Holdings’ interest in this sector is owned through Renuka Foods PLC, which consists of: Agribusiness - Renuka Agri Foods PLC and Renuka Agri Organics Ltd; Sri Lanka’s leading coconut based food and beverage manufacturers, Renuka Teas Ceylon Ltd – a speciality organic and superfood tea enterprise and Kandy Plantations Ltd, Sri Lanka’s largest owner of organic certified coconut lands.<br><br>
484
485                  The FMCG business is led by Richlife Dairies Ltd; which is within the top 5 dairy companies, and Shaw Wallace Ceylon; the owner of the leading brands of canned fish, snacks, among other brands.<br><br>
486
487                  In the Property and Investment sector, the ongoing construction of its flagship development ‘Galle Face Icon’ is progressing well with all piling work complete and excavation ongoing by Sanken. The construction will be above ground by April 2021.<br><br>
488
489                  Once completed it will be a 32-storey tower situated in the Galle Face district of Colombo 03, consisting of a total construction area of 450,000 sq ft, with vistas over Galle Face Green and the new Port City. The group also draws income from the operating Baseline Business Center and other group lands.<br><br>
490
491                  On the investment side, the Group set up a dedicated listed entity in 2016, Renuka Capital PLC, which just sold its maiden significant investment in On’ally Holdings PLC (Unity Plaza) at more than triple its original investment cost.<br><br>
492
493                  The Rights Issue is being carried out on a digital platform in light of the impact of Covid on the postal services, since there is a practical difficulty in dispatching the Provisional Letter of Allotment to the shareholders of the company within the stipulated time frame.<br><br>
494
495                  However the Colombo Stock Exchange has facilitated for eligible shareholders to apply for their rights entitlement via CDS (for CDS account holders).<br><br>
496
497                  The Directors of the Company are I.R. Rajiyah, Dr. S.R. Rajiyah,  S.V. Rajiyah,  L.M. Abeywickrama,  S. Dominic, T.K. Bandaranayake, J.M. Swaminathan, A.L. Rajiyah, V. Sanmugam and J. J. B. A. Rajiyah.<br><br>
498
499                  Photo Caption:  S. V. Rajiyah - Managing Director of Renuka Holding PLC<br><br>
500                     </p>
501                      <p>&nbsp;</p>
502                      <p><a href="http://bizenglish.adaderana.lk/renuka-holding-plc-to-raise-rs-1-031bn-via-rights-issue/">http://bizenglish.adaderana.lk/renuka-holding-plc-to-raise-rs-1-031bn-via-rights-issue/</a></p></td>
503                  </tr>
504                </table>
505              </div></td>
506            </tr>
507          </table></td></tr>
508       <tr>
509          <td>&nbsp;</td>
510        </tr>
511
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525        <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
526            <tr>
527              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
528              <td align="left"><strong><a href="javascript:showAns(19);" name="q14" class="link_but_hm" id="q14">Galle Face Icon commences construction with ground breaking ceremony 03/02/2020</a></strong></td>
529            </tr>
530            <tr>
531              <td></td>
532              <td align="left" valign="top"><div id="a19" style="display: none">
533                <table width="100%" border="0" cellspacing="0" cellpadding="0">
534                  <tr>
535                    <td width="15" height="7"></td>
536                    <td height="7">&nbsp;</td>
537                  </tr>
538                  <tr>
539                    <td>&nbsp;</td>
540                    <td align="left" valign="top">
541                    <p>The ground-breaking ceremony was held in the presence of Renuka Group Chairperson Indu Rajiyah, Galle Face Properties Chairman Dr. Ranjit Rajiyah, Managing Director Shamindra Rajiyah, Sanken Construction Managing Director Ranjith Gunatilleke and Phillip Weeraratne of PWA Architects, among other officials and guests.<br><br>  
542
543                    The Galle Face Icon project will be a 32-storey building situated in the Galle Face District of Colombo 03, and once completed will receive the Gold Standard lead certification. With a total construction area of 450,000 sq. ft., the building will have Grade A office spaces in 22 floors with room for 300 car park slots. The top three floors will be the Galle Face Icon Club which will consist of a members’ lounge, restaurant, bar and also spaces for meetings and conference. The terrace area will have uninterrupted vistas of the Indian Ocean, Galle Face Green and the Beira Lake area. <br><br>
544
545                    Operated by Renuka’s subsidiary Galle Face Properties Ltd., the Galle Face Icon is located between the Beira Lake and Galle Face, with multiple access points.<br><br>
546
547                    The construction is spearheaded by Sanken Construction Ltd. with PWA Architects. Also involved are Perigon Lanka Ltd. as project managers, civil and structural engineering consultants and structural engineers, Haritha Consultants as MEP engineers and LJ Energy Lanka Ltd. as the green consultants.  <br><br>
548
549                    Renuka Holdings PLC is a diversified organisation listed on the Colombo Stock Exchange and is the holding company for subsidiaries engaged in agri food, organic plantations, FMCG, dairy, property, investments and services, tracing its roots to 1866.<br>
550                     </p>
551                      <p>&nbsp;</p>
552                      <p><a href="http://www.ft.lk/front-page/Galle-Face-Icon-commences-construction-with-ground-breaking-ceremony/44-694908" target="_blank" class="mini_hedin_link">http://www.ft.lk/front-page/Galle-Face-Icon-commences-construction-with-ground-breaking-ceremony/44-694908</a></p></td>
553                  </tr>
554                </table>
555              </div></td>
556            </tr>
557          </table></td></tr>
558       <tr>
559          <td>&nbsp;</td>
560        </tr>
561
562
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566
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568      
569
570<!-- <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
571            <tr>
572              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
573              <td align="left"><strong><a href="javascript:showAns(19);" name="q16" class="link_but_hm" id="q16">Sri Lanka Renuka Holdings rights issue oversubscribed – LBO 02/12/2014</a></strong></td>
574            </tr>
575            <tr>
576              <td></td>
577              <td align="left" valign="top"><div id="a19" style="display: none">
578                <table width="100%" border="0" cellspacing="0" cellpadding="0">
579                  <tr>
580                    <td width="15" height="7"></td>
581                    <td height="7">&nbsp;</td>
582                  </tr>
583                  <tr>
584                    <td>&nbsp;</td>
585                    <td align="left" valign="top">
586                    <p>Sri Lanka Renuka Holdings PLC’s issue for 1.03 billion rupees closed on the 28 November after being oversubscribed, the company said in a media release.</br></br>
587                      The Company offered a total of 44,517,313 ordinary voting shares at 21 rupees each and 6,428,415 million ordinary non-voting shares at 15 rupees in order to fund its property development project, the Renuka Tower which will be a 28 storey tower providing ‘A’ grade office facilities built on company owned land at Galle Face Terrace and Sri Uttrananda Mawatha, Colombo 03.</br></br>
588                     “The overwhelming response to the rights issue demonstrates the confidence and trust placed on Renuka by our shareholders, which enables us to forge ahead with our investment plans.” Shamindra Rajiyah, Executive Director of Renuka Holdings said.</br></br>
589
590The company is the business of food and beverage sector, agricultural sector, automotive and lubricant while exporting value-ad
590ded coconut products.
591As per its last annual report 2013/14 the group reported a 7.2 billion rupees revenue from over 71,000 outlets in Sri Lanka and 61 export markets. With the post-rights issue the total equity of the company has increased to 6.3 billion rupees.Net asset value is at of 40 rupees per share.
592                     </p>
593                      <p>&nbsp;</p>
594                      <p><a href="http://www.lankabusinessonline.com/news/sri-lanka-renuka-holdings-rights-issue-oversubscribed/954349204" target="_blank" class="mini_hedin_link">http://www.lankabusinessonline.com/</a></p></td>
595                  </tr>
596                </table>
597              </div></td>
598            </tr>
599          </table></td></tr>
600       <tr>
601          <td>&nbsp;</td>
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603
604
605 <!-- <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
606            <tr>
607              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
608              <td align="left"><strong><a href="javascript:showAns(18);" name="q14" class="link_but_hm" id="q14">Renuka Holdings to enter property development with Rs. 1 b Rights – Daily FT 14/10/2014</a></strong></td>
609            </tr>
610            <tr>
611              <td></td>
612              <td align="left" valign="top"><div id="a18" style="display: none">
613                <table width="100%" border="0" cellspacing="0" cellpadding="0">
614                  <tr>
615                    <td width="15" height="7"></td>
616                    <td height="7">&nbsp;</td>
617                  </tr>
618                  <tr>
619                    <td>&nbsp;</td>
620                    <td align="left" valign="top">
621                    <p>Renuka Holdings Plc has announced a one for one Rights Issue to raise Rs. 1 billion to finance investment in a property development project in Colombo 3. </br></br>
622The Board resolved yesterday to issue 44.517 million ordinary voting shares at Rs. 21 each and 6.43 million nonvoting shares at Rs. 15 each. The Company’s current stated capital is Rs. 175 million represented by 44.5 million voting shares and 6.4 nonvoting shares.
623The foray into property development reflects diversification. The Group has interests in agri business, dairy, consumer and automotive apart from investment and services sector.</br></br>
624The Company’s voting share traded at Rs. 39.50, down by one rupee yesterday. Net Asset Per share at Company level is Rs. 11 and at Group level is Rs. 47 as at June 2014.
625Renuka Group and related parties hold a 55% stake. Other major shareholders of voting stakes include NSB (6%), Sri Lanka Insurance Corporation (3.4%) and ETF (3.2%). The largest non voting shareholder is K.C. Vignarajah with a 4.7% stake.</br></br>
626The Group’s total revenue stood at Rs. 1.9 billion for the first quarter of FY15, up by 22% from an year earlier and total comprehensive income amounted to Rs. 88 million, up by 24%. Net profit attributable to equity shareholders was Rs. 50 million, up by 31%
627                    
628                     </p>
629                      <p>&nbsp;</p>
630                      <p><a href="http://www.ft.lk/2014/10/14/renuka-holdings-to-enter-property-development-with-rs-1-b-rights/" target="_blank" class="mini_hedin_link">http://www.ft.lk</a></p></td>
631                  </tr>
632                </table>
633              </div></td>
634            </tr>
635          </table></td></tr>
636       <tr>
637          <td>&nbsp;</td>
638        </tr>
639 -->
640        <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
641            <tr>
642              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
643              <td align="left"><strong><a href="javascript:showAns(17);" name="q14" class="link_but_hm" id="q14">Renuka Holdings in Forbes Asia‘s ‘Best under a US$ Billion’ two years in a row – Daily FT 03/12/2013</a></strong></td>
644            </tr>
645            <tr>
646              <td></td>
647              <td align="left" valign="top"><div id="a17" style="display: none">
648                <table width="100%" border="0" cellspacing="0" cellpadding="0">
649                  <tr>
650                    <td width="15" height="7"></td>
651                    <td height="7">&nbsp;</td>
652                  </tr>
653                  <tr>
654                    <td>&nbsp;</td>
655                    <td align="left" valign="top">
656                    <p>Renuka Holdings PLC was one of the two Sri Lankan companies selected by Forbes Asia for this great honour at an award ceremony at the Shangri-La Hotel in Singapore recently.
657Forbes Asia’s ‘Best under a Billion’ are Asia Pacific’s top midsized companies. According to Forbes, the criteria of selection included profitability, growth, modest indebtedness and future prospects.</br></br>
658Forbes editors picked 200 companies out of a universe of over 15,000 Asia Pacific companies with actively traded shares and sales between US$ five million and US$ one billion.</br></br>
659As per Renuka Holdings annual report for 2011/2012 released to the Colombo Stock Exchange, it is a diversified holding company with subsidiaries engaged in three core sectors.
660The food and beverage sector is headed by Renuka Shaw Wallace PLC (formerly known as Coco Lanka PLC). </br></br>Renuka Shaw Wallace’s businesses consist of Fast Moving Consumer Goods (FMCG), food service, dairy and agri exports. These operate under Renuka Consumer Foods, Shaw Wallace Ceylon, Shaw Wallace Food Services, Renuka Products, Renuka Agri Foods, Renuka Organics, Renuka Teas Ceylon and Kandy Plantations. Renuka Shaw Wallace operates five factories, nine processing centres, two plantations, and an out-grower network exceeding 5,000 farmer families and a state-of-the-art warehouse and logistics centre. The organisation exports to 61 countries, and locally distributes to 65,000 grocery outlets island-wide as well as to hotel, restaurants, c
660atering establishments among others. The company directly employs 1,240 people. 
661                     </p>
662                      <p>&nbsp;</p>
663                      <p><a href="http://www.ft.lk/2012/12/03/renuka-holdings-in-forbes-asias-best-under-a-us-billion-two-years-in-a-row/" target="_blank" class="mini_hedin_link">http://www.ft.lk</a></p></td>
664                  </tr>
665                </table>
666              </div></td>
667            </tr>
668          </table></td></tr>
669       <tr>
670          <td>&nbsp;</td>
671        </tr>
672
673 <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
674            <tr>
675              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
676              <td align="left"><strong><a href="javascript:showAns(16);" name="q14" class="link_but_hm" id="q14">Renuka Holdings bullish on Agri, Automotive and FMCG – Sunday Times 25/09/2011</a></strong></td>
677            </tr>
678            <tr>
679              <td></td>
680              <td align="left" valign="top"><div id="a16" style="display: none">
681                <table width="100%" border="0" cellspacing="0" cellpadding="0">
682                  <tr>
683                    <td width="15" height="7"></td>
684                    <td height="7">&nbsp;</td>
685                  </tr>
686                  <tr>
687                    <td>&nbsp;</td>
688                    <td align="left" valign="top">
689                    <p>Renuka Holdings PLC (RHL) is on an aggressive expansion and is pursuing value added food and beverage exports, automotive, Fast Moving Consumer Goods (FMCG) food service, portfolio management and property development on the back of the peace dividend, officials said.</br></br>
690                    “We reclassified our business areas this financial year into four key segments in order to forge ahead with our expansion plans. The Renuka Agri Foods PLC group (RAL) heads the agribusiness sector, McShaw Automotive Ltd group the automotive sector, Shaw Wallace Ceylon Ltd group, the FMCG and foodservice sector, while Coco Lanka PLC group is our investment arm (portfolio management and property development).” Shamindra Rajiyah, Executive Director RHL told the Business Times in an interview.
691                     </p>
692                      <p>&nbsp;</p>
693                      <p><a href="http://www.sundaytimes.lk/110925/BusinessTimes/bt20.html" target="_blank" class="mini_hedin_link">http://www.sundaytimes.lk</a></p></td>
694                  </tr>
695                </table>
696              </div></td>
697            </tr>
698          </table></td></tr>
699       <tr>
700          <td>&nbsp;</td>
701        </tr>
702
703         <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
704            <tr>
705              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
706              <td align="left"><strong><a href="javascript:showAns(15);" name="q14" class="link_but_hm" id="q14">Renuka Holdings in Rs. 1 b foray into FMCG import and distribution biz – Daily FT 17/03/2011</a></strong></td>
707            </tr>
708            <tr>
709              <td></td>
710              <td align="left" valign="top"><div id="a15" style="display: none">
711                <table width="100%" border="0" cellspacing="0" cellpadding="0">
712                  <tr>
713                    <td width="15" height="7"></td>
714                    <td height="7">&nbsp;</td>
715                  </tr>
716                  <tr>
717                    <td>&nbsp;</td>
718                    <td align="left" valign="top">
719                    <p>Agribusiness and food industry specialist Renuka Holdings Plc yesterday effected a 
719near Rs. 1 billion deal as part of its foray into import and distribution of Fast Moving Consumer Goods (FMCG) business.</br></br>
720Deals included acquiring 62% stake in Shaw Wallace Marketing Ltd., for Rs. 368 million and taking over a Board of Investment (BOI) approved Pioneer Warehousing Ltd., which owns and operates a warehouse complex in Peliyagoda. For the latter Renuka Group companies have advanced Rs. 600 million. Shaw Wallace Marketing is engaged in the distribution of consumer goods and automotive products. It acts as importers and agents. Among the company’s own brands are Captain, Angler, Plaza canned fish, Ranposha Cereal Mix, Sun Gold instant drink mixes, Rainer’s essences, whilst Shaw Wallace is also distributors for Ajinomoto, Supermax, Lockheed among others.
721                     </p>
722                      <p>&nbsp;</p>
723                      <p><a href="http://www.ft.lk/2011/03/17/renuka-holdings-in-rs-1-b-foray-into-fmcg-import-and-distribution-biz/" target="_blank" class="mini_hedin_link">http://www.ft.lk</a></p></td>
724                  </tr>
725                </table>
726              </div></td>
727            </tr>
728          </table></td></tr>
729       <tr>
730          <td>&nbsp;</td>
731        </tr>
732
733       <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
734            <tr>
735              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
736              <td align="left"><strong><a href="javascript:showAns(14);" name="q14" class="link_but_hm" id="q14">Sri Lanka Renuka buys Shaw Wallace Marketing – LBO 16/03/2011</a></strong></td>
737            </tr>
738            <tr>
739              <td></td>
740              <td align="left" valign="top"><div id="a14" style="display: none">
741                <table width="100%" border="0" cellspacing="0" cellpadding="0">
742                  <tr>
743                    <td width="15" height="7"></td>
744                    <td height="7">&nbsp;</td>
745                  </tr>
746                  <tr>
747                    <td>&nbsp;</td>
748                    <td align="left" valign="top">
749                    <p>Mar 16, 2011 (LBO) - Sri Lanka's Renuka Holdings has bought 61.78 percent of Shaw Wallace Marketing for 368 million rupees, making it a subsidiary, a stock exchange filing said.<br/><br/>
750                    
751                    Shaw Wallace Marketing, part of the Shaw Wallace group, one of the island's oldest firms, distributes consumer goods and automotive products and also acts as importers and agents.<br/><br/>
752
753It also has subsidiaries in food products, management services and acting as travel agents.<br/><br/>
754
755The purchase does not include Shaw Wallace & Hedges, an investment company, the statement said.<br/><br/>
756
757At the same time Shaw Wallace Marketing has acquired Pioneer Warehousing which owns a warehouse complex in Peliyagoda, north of Colombo, and a property in Colombo which will house the future corporate offices of Shaw Wallace.<br/><br/>
758
759"For these purchases group companies of Renuka Holdings have advanced 600 million rupees," the statement said. 
760                    
761                     </p>
762                      <p>&nbsp;</p>
763                      <p><a href="http://lbo.lk/fullstory.php?nid=1591165356" target="_blank" class="mini_hedin_link">http://www.lbo.lk</a></p></td>
764                  </tr>
765                </table>
766              </div></td>
767            </tr>
768          </table></td></tr>
769       <tr>
770          <td>&nbsp;</td>
771        </tr>
772      
773      
774      
775      
776      
777      <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
778            <tr>
779              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
780              <td align="left"><strong><a href="javascript:showAns(13);" name="q13" class="link_but_hm" id="q13" >Renuka Holdings posts healthy profits – lankagazette.com 11/11/2010</a></strong></td>
781            </tr>
782            <tr>
783              <td></td>
784              <td align="left" valign="top"><div id="a13" style="display: none">
785                <table width="100%" border="0" cellspacing="0" cellpadding="0">
786                  <tr>
787                    <td width="15" height="7"></td>
788                    <td height="7">&nbsp;</td>
789                  </tr>
790                  <tr>
791                    <td>&nbsp;</td>
792                    <td align="left" valign="top">
793                    <p>Renuka Holdings PLC has recorded an impressive turnover and profit after tax for the six months ended September 30, 2010 as per the interim financial statement released. The company’s profit after tax grew to Rs 387.1 million compared to Rs 113.3 million in the corresponding period of last year. Group profit after tax rose 168 percent to Rs. 616.5 million of which Rs 473.6 million was attributable to shareholders of Renuka Holdings PLC.
794<br/><br/>
795The consolidated turnover for the period under review grew to Rs 1.1 billion, while total assets of the Group increased to Rs 3.5 billion as at September 30, 2010.
796<br/><br/>
797Executive Director Shamindra Rajiyah said RHL continued taking advantage of market opportunities investing in listed shares, taking unquoted equity positions and in debt instruments.
798<br/><br/>
799Its total investment portfolio was Rs 1.2 billion of which 81 percent was classified as short-term investments and 19 percent as long-term investments.<br/><br/>
800
801"Our investment portfolio, in addition, consists of biological assets and in this regard the group continued planting Teak and Mahogany" Rajiyah said. </p>
802                      <p>&nbsp;</p>
803                      <p><a href="http://lankagazette.com/business/renuka-holdings-posts-healthy-profits/" target="_blank" class="mini_hedin_link">http://www.lankagazette.com</a></p></td>
804                  </tr>
805                </table>
806              </div></td>
807            </tr>
808          </table></td></tr>
809       <tr>
810          <td>&nbsp;</td>
811        </tr>
812      
813      
814      
815      <tr><td><table width="100%" border="0" cellspacing="0" cellpadding="0">
816            <tr>
817              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
818              <td align="left"><strong><a href="javascript:showAns(12);" name="q12" class="link_but_hm" id="q12" >Sri Lanka's Renuka group net up on investment gains, mulls property foray – LBO 17/08/2010</a></strong></td>
819            </tr>
820            <tr>
821              <td></td>
822              <td align="left" valign="top"><div id="a12" style="display: none">
823                <table width="100%" border="0" cellspacing="0" cellpadding="0">
824                  <tr>
825                    <td width="15" height="7"></td>
826                    <td height="7">&nbsp;</td>
827                  </tr>
828                  <tr>
829                    <td>&nbsp;</td>
830                    <td align="left" valign="top">
831                    
832                      <p>Aug 17, 2010 (LBO) - Sri Lanka's Renuka Holdings group June 2010 quarter net profit shot up 279 percent to 119 million rupees from a year ago on gains from higher valuations of investments, a stock exchange filing said.</p>
833                      <p><br />
834                        TThe bulk of profits came from the investment and services business sector of the group, which said it plans to enter a new business in property development.<br /><br />
835
836Group turnover, from portfolio management activities, rose 10 percent to 374 million rupees.<br /><br />
837
838  The results showed a sharp increase in other operating income to 114 million rupees from six million a year ago consisting of 88 million rupees at group level arising from "mark to market valuation of short term investments."
839<br /><br />
840  Renuka Holdings Group had short-term investments in the share market of 575 million rupees, a stated capital of 125 million rupees and accumulated profits of 1.2 billion rupees.
841<br /><br />
842  Sri Lanka's share market has hit record highs in recent weeks, becoming the world's second best performing bourse, until the bull-run was halted by a daily price band imposed by the regulator to curb speculation that led to unusual price hikes and trading volumes.<br /><br />
843
844  The bull-run was driven by post-war optimism and improving company earnings after the island's 30-year ethnic war ended in May 2009.
845<br/><br />
846  A Renuka group statement attributed the results to "strong performances by the Group’s agribusiness, investment and service sectors."
847<br /><br />
848  Its listed subsidiaries include Coco Lanka and Renuka Agri Foods which export mainly coconut products.
849<br /><br />
850  The company said it plans to enter property development using land it owns in the capital Colombo.
851<br /><br />
852  “We will soon embark on our third sector which will see us entering the property development and leisure areas by utilising 1.6 acres of freehold property that the company owns in Colombo," chairperson Indu Rajiyah said in a statement.
853<br/><br/>
854  "In the context of declining interest rates on borrowings, improved investor confidence, stable exchange rates and Sri Lanka’s overall improved rating outlook, we believe this project would contribute a significant income stream in the years ahead."
855<br /><br />
856 
857Renuka Holdings is engaged in plantations, manufacturing and exporting of Ceylon tea, coconut products, ethnic and organic foods as well as forestry, logistics and portfolio management. </p>
858                      <p>&nbsp;</p>
859                      <p><a href="http://lbo.lk/fullstory.php?nid=1485391581" target="_blank" class="mini_hedin_link">http://www.lbo.lk</a></p></td>
860                  </tr>
861                </table>
862              </div></td>
863            </tr>
864          </table></td></tr>
865       <tr>
866          <td>&nbsp;</td>
867        </tr>
868      
869      
870        <tr>
871          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
872            <tr>
873              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
874              <td align="left"><strong><a href="javascript:showAns(1);" name="q1" class="link_but_hm" id="q1">Rural Prospects – LBO 10/11/2009</a></strong></td>
875            </tr>
876            <tr>
877              <td></td>
878              <td align="left" valign="top"><div id="a1" style="display: none">
879                <table width="100%" border="0" cellspacing="0" cellpadding="0">
880                  <tr>
881                    <td width="15" height="7"></td>
882                    <td height="7">&nbsp;</td>
883                  </tr>
884                  <tr>
885                    <td>&nbsp;</td>
886                    <td align="left" valign="top"><p><strong>Sri Lanka</strong><strong> agri-firm eyes north-east investments</strong></p>
887                      <p><br />
888                        Nov 10, 2009 (LBO) - Coco Lanka, a Sri Lankan agri-business  firm, said it is eyeing investment opportunities in the former northern and  eastern war zones.</p>
889                      <p><br />
890                        The company said in a stock exchange filing that group net  profit in the September 2009 quarter rose six percent to 66.5 million rupees  from a year ago while sales fell nine percent to 337 million rupees. </p>
891                      <p><br />
892                        Earnings per share for the quarter were 4.40 rupees compared  with 3.44 rupees in the same 2008 quarter. </p>
893                      <p><br />
894                        &quot;The company being an investment vehicle for agriculture  ventures is currently evaluating investment opportunities especially in the  eastern and northern provinces on our own and with overseas partners,&quot;  managing director S R Rajiyah said in a statement. <br />
895                        The firm, part of the Renuka Holdings group, has subsidiaries in  plantations, manufacturing and global marketing of Ceylon tea, coconut products, and  organic foods. </p>
896                      <p><br />
897                        Economic activity is reviving in the island's north and east  after Tamil Tiger separatists in the two regions were defeated by government  forces in a campaign that ended in May. </p>
898                      <p><br />
899                        Coco Lanka group profits for the six months to September 30,  2009 were 110 million rupees, up 65 percent over the same period last year. </p>
900                      <p>&nbsp;</p>
901                      <p><a href="http://www.lankabusinessonline.com/fullstory.php?nid=547008301" target="_blank" class="mini_hedin_link">http://www.lankabusinessonline.com</a></p></td>
902                  </tr>
903                </table>
904              </div></td>
905            </tr>
906          </table></td>
907        </tr>
908        <tr>
909          <td>&nbsp;</td>
910        </tr>
911        <tr>
912          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
913            <tr>
914              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
915              <td align="left"><strong><a href="javascript:showAns(2);" name="q2" class="link_but_hm" id="q2" >Renuka Agri Foods: Global Success Story for Homegrown Company biz.lk 10/11/2009</a></strong></td>
916            </tr>
917            <tr>
918              <td></td>
919              <td align="left" valign="top"><div id="a2" style="display: none">
920                <table width="100%" border="0" cellspacing="0" cellpadding="0">
921                  <tr>
922                    <td width="15" height="7"></td>
923                    <td height="7">&nbsp;</td>
924                  </tr>
925                  <tr>
926                    <td>&nbsp;</td>
927                    <td align="left" valign="top" class="text"><p><strong>Sri Lanka</strong><strong> agri-firm eyes north-east investments</strong></p>
928                      <p><br />
929                        Renuka  Agri Foods Ltd is Sri Lanka's  leading Coconut based food manufacturer and global marketer. A subsidiary of  Coco Lanka PLC and a member of the Renuka Holdings PLC Group, the company grew  to an organization with an annual turnover of over Rs 1 billion within a span  of just five years from its commencement of operations, and is now a national  success story. <br />
930                        <br />
931                        Aiming to serve the nation and bring pride to Sri Lanka, Renuka Agri Foods, the  pioneering local company, introduced an assortment of convenient value added  coconut products carefully developed and perfected to address the needs of busy  women, food service chefs and food manufacturers. Exporting a range of 100% Sri  Lankan coconut products like Coconut Milk Powder, Aseptic Coconut Milk, Canned  Coconut Milk, Creamed Coconut and Defatted Coconut Products to more than 52  countries across the globe. <br />
932  <br />
933                        On first of November, Renuka Coconut milk powder which was only in Sri Lankan  supermarkets for the last 2 years, was launched island-wide and is now  available in over 6000 grocery outlets. Renuka is the only Coconut milk powder  endorsed by the 'Mawbima Lanka Padanama'. <br />
934  <br />
935                        Speaking on Renuka Agri Foods, Shamindra Rajiyah, Executive Director of the  c
935ompany was enthusiastic about the future. &quot;Our strengths of being  customer focused, people centric professionals who focus on quality, innovation  and process excellence while providing healthy, nutritious and natural products  are the key to success and that is the foundation we build on. Furthermore,  with the liberation of the Eastern and Northern provinces  an untapped market and vast areas of fertile land suitable for agriculture  based industries are available providing unprecedented opportunities for  companies like ours to expand and contribute to the creation of employment and  generating foreign exchange for Sri    Lanka.&quot;&nbsp; <br />
936  <br />
937  &nbsp; Over the last five years Renuka Agri Foods maintained an average year on  year turnover growth of 78%. The progress and success of the company can be  directly attributed to the prudent proactive initiatives taken during challenging  times and the strength of its international distribution network. The company  recorded a net profit of Rs. 166 million for the financial year ending 31st  March 2009 and a net profit of Rs. 110 million for the half year ending 30th  September 2009. <br />
938  <br />
939   Equipped with state of the art technology, Renuka Agri Foods  boasts, by far, the most advanced coconut food factory in the island. Triple  certified by the British Retail Consortium (BRC), ISO 22000 certificate issued  by SLSI accredited by RvA (Dutch Accreditation Council) Netherlands and HACCP (Hazard  Analysis Critical Control Points) certificate; their plant located in the  Wathupitiwela Export Processing Zone is the first in the local coconut Industry  to receive such prestigious international certification. <br />
940  <br />
941                        Renuka Agri Foods combines proven indigenous skills with cutting edge  technology and hygiene practices thus ensuring a quality product for the end  consumer while also adding value to the country in terms of employment  creation, sustainability for the local coconut industry and overall value  addition to the upliftment of the rural economy. <br />
942  <br />
943                        In fact the company was rewarded for its efforts in this regard when it was  judged the overall National Gold Winner in Agriculture at the National  Agribusiness Awards 2009 organized by the National Agribusiness Council. The  company also received the coveted, Gold Award for Food Processor (Large  category), and most recently was honored by the National Chamber of Exporters  of Sri Lanka, winning the Gold award for Best Woman Exporter at the 17th annual  Export Awards.</p>
944<p>&nbsp;</p>
945                      <p><a href="http://www.biz.lk/biz/Businessnews/results.asp?key_c=2878" target="_blank" class="mini_hedin_link">http://www.biz.lk</a></p></td>
946                  </tr>
947                </table>
948              </div></td>
949            </tr>
950          </table></td>
951        </tr>
952        <tr>
953          <td>&nbsp;</td>
954        </tr>
955        <tr>
956          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
957            <tr>
958              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
959              <td align="left"><strong><a href="javascript:showAns(3);" name="q3" class="link_but_hm" id="q3" >Renuka best woman exporter – Sunday Observer 04/10/2009</a></strong></td>
960            </tr>
961            <tr>
962              <td></td>
963              <td align="left" valign="top"><div id="a3" style="display: none">
964                <table width="100%" border="0" cellspacing="0" cellpadding="0">
965                  <tr>
966                    <td width="15" height="7"></td>
967                    <td height="7">&nbsp;</td>
968                  </tr>
969                  <tr>
970                    <td>&nbsp;</td>
971                    <td align="left" valign="top"><p>Country's  largest exporter of coconut based food products shines at NCE Awards Renuka  Rajiyah Executive Directress of Renuka Agri Foods Ltd, Sri Lanka's premier  exporter of coconut based food products clinched the Gold Award for the Best  Woman Exporter at the 17th annual National Chamber of Exporters (NCE) Awards,  which honour outstanding achievement by successful export related ventures. </p>
972                      <p><br />
973                        Speaking on  her win, Ms. Rajiyah said This is indeed a proud moment for us, within a short  period of time Renuka Agri Foods Ltd has become one of the top five firms  globally in its industry and is a preferred supplier to many prestigious  international supermarkets and hotels. We operate to the highest global quality  standards and since we have our own plantations and manufacturing plant with a  well equipped modern laboratory; we control the entire process. <br />
974                        The company  also won the Best Food Processor (Large Category) Award and was adjudged  Overall National Winner (Gold Award) at the National Agribusiness Awards 2009  held recently. These awards are the zenith of achievement for a company in the  local coconut based food product industry. </p>
975                      <p>&nbsp;</p>
976                      <p><img src="../images/clip_image001.jpg" width="301" height="216" /></p>
977<p class="bot_txt"><br />R.Rajiyah  receiving the award from Prof G.L Peiris Chairperson<br />SLT Mobitel Leisha de  Silva Chandrasena and President NCE<br />Rohan Fernando (covered) look on</p>
978                     </td>
979                  </tr>
980                </table>
981              </div></td>
982            </tr>
983          </table></td>
984        </tr>
985        <tr>
986          <td>&nbsp;</td>
987        </tr>
988        <tr>
989          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
990            <tr>
991              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
992              <td align="left"><strong><a href="javascript:showAns(4);" name="q4" class="link_but_hm" id="q4" >RENUKA STRIKES GOLD AGAIN biz.lk 03/10/2009</a></strong></td>
993            </tr>
994            <tr>
995              <td></td>
996              <td align="left" valign="top"><div id="a4" style="display: none">
997                <table width="100%" border="0" cellspacing="0" cellpadding="0">
998                  <tr>
999                    <td width="15" height="7"></td>
1000                    <td height="7">&nbsp;</td>
1001                  </tr>
1002                  <tr>
1003                    <td>&nbsp;</td>
1004                    <td align="left" valign="top"><p>Ms.  Renuka Rajiyah Executive Directress of Renuka Agri Foods Ltd, Sri Lanka's premier exporter of  coconut based food products clinched the Gold Award for the Best Woman Exporter  at the 17th annual National Chamber of Exporters (NCE) Awards, which honour  outstanding achievement by successful export related ventures. <br />
1005                        <br />
1006Speaking on her win, Ms. Rajiyah said &quot;This is indeed a proud moment for  us, within a short period of time Renuka Agri Foods Ltd has become one of the  top five firms globally in its industry and is a preferred supplier to many  prestigious international supermarkets and hotels. We operate to the highest  global quality standards and since we have our own plantations and  manufacturing plant with a well equipped modern laboratory; we control the  entire process&quot;. <br />
1007<br />
1008The company also won the Best Food Processor (Large Category) Award and was  adjudged Overall National Winner&nbsp;(Gold Award) at the National Agribusiness  Awards 2009 held recently. These awards are the zenith of achievement for a  company in the local coconut based food product industry. <br />
1009<br />
1010Always striving for excellence Renuka is the only triple certified coconut  company in Sri Lanka  with the HACCP, ISO 22000 and the BRC (British Retail Consortium) gold standard  certifications. Renuka's flagship Coconut Milk Powder is available to the Sri  Lankan consumer since 2007 and is endorsed by the 'Mawbima Lanka Padanama'. A  100% Sri Lankan product and company, Renuka Agri Foods Ltd is also contributes  to a larger picture by creating employment, saving foreign exchange and cutting  down on the wastage of coconuts.</p></td>
1011                  </tr>
1012                </table>
1013              </div></td>
1014            </tr>
1015          </table></td>
1016        </tr>
1017        <tr>
1018          <td>&nbsp;</td>
1019        </tr>
1020        <tr>
1021          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
1022            <tr>
1023              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
1024              <td align="left"><strong><a href="javascript:showAns(5);" name="q5" class="link_but_hm" id="q5">Farm Business LBO – 25/08/2009</a></strong></td>
1025            </tr>
1026            <tr>
1027              <td></td>
1028              <td align="left" valign="top">
1028<div id="a5" style="display: none">
1029                <table width="100%" border="0" cellspacing="0" cellpadding="0">
1030                  <tr>
1031                    <td width="15" height="7"></td>
1032                    <td height="7">&nbsp;</td>
1033                  </tr>
1034                  <tr>
1035                    <td>&nbsp;</td>
1036                    <td align="left" valign="top"><p><strong>Sri Lanka</strong><strong> coconut exporter wins agribusiness  award</strong></p>
1037                      <p><br />
1038                        Aug 25, 2009 (LBO) - Renuka Agrifoods, a Sri Lankan exporter of  value-added agro-based products, especially coconut, has won a top award for  agribusiness.</p>
1039                      <p><br />
1040                        The company, a subsidiary of the listed Renuka Holdings, said in  a statement it was named Overall National Winner (Gold Award) at the recent  National Agribusiness Awards 2009. </p>
1041                      <p><br />
1042                        It also clinched the Gold Award for Food Processor (Large)  Category. </p>
1043                      <p><br />
1044                        The awards were organised by the National Agribusiness Council,  an umbrella group of 20 trade associations representing the agribusiness sector  of the country. </p>
1045                      <p><br />
1046                        Chairman of the National Agribusiness Council Asoka Gopallawa  said one of the main criteria which led to Renuka Agrifoods winning the award  was the contribution of its local inputs. </p>
1047                      <p><br />
1048                        This led to a high degree of value addition which helped uplift  the rural economy, he said. </p>
1049                      <p><br />
1050                        Renuka Agrifoods has sales of a billion rupees, the statement  said. </p>
1051                      <p><br />
1052                        It is a big exporter of coconut-based food products such as  coconut milk, coconut milk powder, low-fat desiccated coconut to over 60  countries. </p>
1053                      <p><br />
1054                        Sri Lankan firms involved in the agribusiness trade together  with farmers from all parts of the country were recognised at the awards for  the contribution to the growth and sustainability of the agribusiness sector. </p>
1055                      <p><br />
1056                        The National Agribusiness Council's 20 trade associations have a  combined membership of over 4,500 agribusiness enterprises such as dairy, meat  processors, poultry, food processors, and fisheries. </p>
1057<p>&nbsp;</p>
1058                      <p><a href="http://www.lankabusinessonline.com/fullstory.php?nid=938850123" target="_blank" class="mini_hedin_link">http://www.lankabusinessonline.com</a></p></td>
1059                  </tr>
1060                </table>
1061              </div></td>
1062            </tr>
1063          </table></td>
1064        </tr>
1065        <tr>
1066          <td>&nbsp;</td>
1067        </tr>
1068        <tr>
1069          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
1070            <tr>
1071              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
1072              <td align="left"><strong><a href="javascript:showAns(6);" name="q6" class="link_but_hm" id="q6" >Nutty Profits LBO – 18/08/2009</a></strong></td>
1073            </tr>
1074            <tr>
1075              <td></td>
1076              <td align="left" valign="top"><div id="a6" style="display: none">
1077                <table width="100%" border="0" cellspacing="0" cellpadding="0">
1078                  <tr>
1079                    <td width="15" height="7"></td>
1080                    <td height="7">&nbsp;</td>
1081                  </tr>
1082                  <tr>
1083                    <td>&nbsp;</td>
1084                    <td align="left" valign="top"><p><strong>Sri Lanka</strong><strong> coconut exporter does well in June</strong></p>
1085                      <p><br />
1086                        Aug 18, 2009 (LBO) - Sri Lanka's Coco Lanka said exports  of coconut products did well in the June 2009 quarter with group net profit up  982 percent to 34 million rupees from just three million a year ago.</p>
1087                      <p><br />
1088                        The company, part of the Renuka Holdings group, said in a stock  exchange filing that sales fell seven percent to 290 million rupees. </p>
1089                      <p><br />
1090                        Gross profit rose 147 percent to 86 million rupees from a year  ago. </p>
1091                      <p><br />
1092                        It reported earnings per share of 2.70 rupees in the quarter  compared with 0.25 in the same quarter a year ago. </p>
1093                      <p><br />
1094                        Revenue from coconut products came to 246 million rupees in the  quarter, while tea brought in 32 million and organic products 12 million  rupees. </p>
1095                      <p><br />
1096                        &quot;The coconut sector performed strongly with most  international markets generating robust results,&quot; Coco Lanka executive  director Shamindra Rajiyah said in a statement accompanying the provisional  accounts. </p>
1097                      <p><br />
1098                        But the company's tea exports were affected by the global  recession. </p>
1099                      <p><br />
1100                        &quot;The organic business showed promise and we expect the  rewards of our ground work in this quarter in the future,&quot; Rajiyah said. <br />
1101                        &quot;
1101Moderation of energy cost and improved working capital  management also helped boost group performance.&quot; </p>
1102                      <p><br />
1103                        Rajiyah said he hopes the business that has qualified for a  government export reward scheme will receive their first payment shortly. </p>
1104                      <p><br />
1105                        Payment in the reward scheme, meant to reward exporters for  maintaining exports and employment in the face of an economic downturn, have  been delayed as the government is strapped for cash. </p>
1106                      <p><br />
1107                        Rajiyah also said the end of the ethnic war, when government  forces defeated Tamil Tiger rebels in May, has &quot;opened a spectrum of  opportunities&quot; in the north and east of the island. </p>
1108                      <p><br />
1109                        &quot;We hope to engage positively in these  provinces economic activity,&quot; Rajiyah said. </p></td>
1110                  </tr>
1111                </table>
1112              </div></td>
1113            </tr>
1114          </table></td>
1115        </tr>
1116        <tr>
1117          <td>&nbsp;</td>
1118        </tr>
1119        <tr>
1120          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
1121            <tr>
1122              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
1123              <td align="left"><strong><a href="javascript:showAns(7);" name="q7" class="link_but_hm" id="q7" >Renuka Holdings posts Tax Profit up 5607% to Rs. 656.3 million in 2008/09</a></strong></td>
1124            </tr>
1125            <tr>
1126              <td></td>
1127              <td align="left" valign="top"><div id="a7" style="display: none">
1128                <table width="100%" border="0" cellspacing="0" cellpadding="0">
1129                  <tr>
1130                    <td width="15" height="7"></td>
1131                    <td height="7">&nbsp;</td>
1132                  </tr>
1133                  <tr>
1134                    <td>&nbsp;</td>
1135                    <td align="left" valign="top"><p><span dir="rtl"> </span><span dir="rtl"><span dir="rtl"> </span>Renuka Holdings PLC has recorded a noteworthy turnover and profit  growth for the financial year ending 2008-09. Turnover for the period  reviewed grew to Rs. 1.7 billion, while total assets of the Group  increased to Rs. 1.4 billion as at March 31, 2009. Earnings per share  increased to Rs. 72.37 for the twelve months of 2008-09 and net assets  per share grew to Rs. 110.74. <br />
1136                          <br />
1137                          This has been attributed to exceptional performances by the  Group’s food and beverage business and a steady contribution by its  investment and service sector.<br />
1138                          <br />
1139                          In results released to the  Colombo Stock Exchange, the organization which acquired subsidiaries  Renuka Agro Exports Limited and Renuka Enterprises (Pvt) Ltd in the  current financial year and also includes leading Agri business company  Coco Lanka Plc, reported that profit before tax grew to Rs. 665.6  million in the twelve months ending March 31. Profit after tax at Rs.  656.3 million reflected a growth of 5607 per cent over the  corresponding twelve months of last year, while profit attributed to  equity holders of the parent company was Rs. 542.8 million.<br />
1140                          <br />
1141                          Renuka  Holdings Executive Director Shamindra Rajiyah said, “At a time when  global economies are in recession and we are in an environment of  shrinking margins, these results are a reflection of the strong  fundamentals and principles on which Renuka is built and will continue  to grow.”<br />
1142                          <br />
1143                          Renuka Holdings traces its origin to the year 1866 and  was listed on the Colombo Stock Exchange in 2008. The group is engaged  in food &amp; beverage manufacture, plantations, portfolio management,  logistics and forestry. The Board of Directors of Renuka Holdings PLC  comprises Mrs I. R. Rajiyah (Chairperson), Dr. S. R. Rajiyah, C. J. De  S. Amaratunge, P. C. K. Abeykoon, S. V. Rajiyah, L. M. Abeywickrama and  M. S. Dominic.</span></p>
1144                      <p>&nbsp;</p>
1145<p>
1145<a href="http://www.thecolombotimes.com/business-news/5224--renuka-holdings-posts-tax-profit-up-5607-to-rs-6563-million-in-200809.html" target="_blank" class="mini_hedin_link">http://www.thecolombotimes.com</a></p></td>
1146                  </tr>
1147                </table>
1148              </div></td>
1149            </tr>
1150          </table></td>
1151        </tr>
1152        <tr>
1153          <td>&nbsp;</td>
1154        </tr>
1155        <tr>
1156          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
1157            <tr>
1158              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
1159              <td align="left"><strong><a href="javascript:showAns(8);" name="q8" class="link_but_hm" id="q8" >Renuka Coconut Milk Powder gets Mawbima Lanka Accreditation – The Sunday Times 22/03/2009</a></strong></td>
1160            </tr>
1161            <tr>
1162              <td></td>
1163              <td align="left" valign="top"><div id="a8" style="display: none">
1164                <table width="100%" border="0" cellspacing="0" cellpadding="0">
1165                  <tr>
1166                    <td width="15" height="7"></td>
1167                    <td height="7">&nbsp;</td>
1168                  </tr>
1169                  <tr>
1170                    <td>&nbsp;</td>
1171                    <td align="left" valign="top"><p>Renuka Coconut Milk Powder recently gained accreditation by  the Mawbima Lanka Padanama thus setting its own benchmark as a truly Sri Lankan  brand worthy of national patronage, the company announced. </p>
1172                      <p><br />
1173                        Renuka Coconut Milk Powder is the only Sri Lankan coconut milk  powder free of artificial preservatives and coloring thereby promoting healthy  living among consumers. Director Marketing of the Renuka Group Shamindra Rajiyah  said in a press release, “Studies have revealed that 60% of the coconut kernel  is wasted by the traditional method of scraping and extracting coconut milk. It  is also a tedious task. </p>
1174                      <p>&nbsp;</p>
1175A developing country such as ours cannot afford such  wastage. Our state-of-the-art technology uses every bit of the kernel, thus  eliminating wastage and as a result contributes to a national cause, while also  offering consumers the convenience of coconut milk in an instant, both in  powder or liquid form”.</td>
1176                  </tr>
1177                </table>
1178              </div></td>
1179            </tr>
1180          </table></td>
1181        </tr>
1182        <tr>
1183          <td>&nbsp;</td>
1184        </tr>
1185        <tr>
1186          <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
1187            <tr>
1188              <td width="25" align="center" valign="middle"><img src="../images/bult.jpg" width="9" height="10" /></td>
1189              <td align="left"><strong><a href="javascript:showAns(9);" name="q9" class="link_but_hm" id="q9" >Renuka Coconut Milk Powder wins Mawbima Lanka accreditation – Daily News 17/03/2009</a></strong></td>
1190            </tr>
1191            <tr>
1192              <td></td>
1193              <td align="left" valign="top"><div id="a9" style="display: none">
1194                <table width="100%" border="0" cellspacing="0" cellpadding="0">
1195                  <tr>
1196                    <td width="15" height="7"></td>
1197                    <td height="7">&nbsp;</td>
1198                  </tr>
1199                  <tr>
1200                    <td>&nbsp;</td>
1201                    <td align="left" valign="top"><p>Renuka Coconut  Milk Powder recently gained accreditation by the Mawbima Lanka Padanama thus  setting its own benchmark as a truly Sri Lankan brand worthy of national  patronage and one that helps boost the Sri Lankan economy. </p>
1202                      <p>&nbsp;</p>
1203                      <table border="0" cellspacing="1" cellpadding="0" align="left" width="368">
1204                        <tr>
1205                          <td width="366"><p><br />
1206                            <img width="350" height="228" src="../images/clip_image001_0000.jpg" /><br />
1207                            </p>
1208                            <p>&nbsp;</p>
1209                            <p><span class="text_mini">Director Marketing, Renuka Agrifoods Ltd Shamindra Rajiya receiving the    certification from Minister of Industrial Development, Kumara Welgama.    Director, Mawbima Lanka Padanama Ranjith Senaratne, is also in the picture.</span></p></td>
1210                        </tr>
1211                      </table>
1212                      <p>Renuka Coconut  Milk Powder is the only Sri Lankan coconut milk powder free of artificial  preservatives and colouring thereby promoting healthy living among consumers.  The portfolio includes coconut milk powder in 300gm and 150gm packs, canned  liquid coconut milk in 400ml tins, desiccated coconut in 150gm packs and a low  fat liquid coconut milk for today’s health conscious consumer. </p>
1213                      <p><br />
1214                        Director Marketing,  Renuka Group Shamindra Rajiyah said, “Studies have revealed that 60 per cent of  the coconut kernel is wasted by the traditional method of scraping and  extracting coconut milk. It is also a tedious task. </p>
1215                      <p><br />
1216                        A developing  country such as ours cannot afford such wastage. Our state-of-the-art  technology uses every bit of the kernel, thus eliminating wastage and as a  result contributes to a national cause, while also offering consumers the sheer  convenience of coconut milk in an instant, both in powder or liquid form”. <br />
1217                        The Mawbima  Lanka Padanama, is a non-profit earning people’s voluntary organisation which  end
1217orses and promotes locally manufactured products among Sri Lankan consumers.  It encourages boosting of sales of local brands as opposed to imported items,  which will, in turn, help to improve the economy of the country and thereby  raised the standards of living of the general masses of the country. ‘Ganna Ape  De’ and ‘Surya Singha’ Logos are the symbols of local brands of a formidable  national economy. </p>
1218                      <p><br />
1219                        They are  offered to all accredited organisations and brands in order to differentiate  their brands from the imported and multinational brands. </p>
1220                      <p><br />
1221                        Renuka  Agrifoods Ltd. is a Board of Investment (BoI) approved venture and a subsidiary  of the Renuka Group Ltd. <br />
1222                        Renuka is the  only coconut product manufacturer with its own coconut plantations, thus  ensuring that the freshest of raw material is used at all times. </p>
1223                      <p><br />
1224                        “All our  products are manufactured to the highest of international standards using  modern technology and the most rigorous of hygienic conditions. They are  constantly checked by our qualified Quality Control and Quality Assurance  teams”, Rajiyah said. <br />
1225                        The Renuka  Group is the largest exporter of Coconut Milk products from Sri Lanka and available in over 52  countries. Renuka was the first coconut factory to receive ISO 22000, the very  first time such a certificate has been issued by RvA (the Dutch Accreditation  Council) through the SLSI. All Renuka plantations, out-grower farms, primary  processing centers and the state-of-the-art production facilities have received  HACCP, ISO 22000 and BRC (British Retail Consortium) Certifications in addition  to Halal. </p></td>
1226                  </tr>
1227                </table>
1228              </div></td>
1229            </tr>
1230          </table></td>
1231        </tr>
1232        <tr>
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