The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), successfully organized a series of issuer forums last week in Monaragala and Batticaloa. This initiative aims to enhance awareness of alternative capital raising opportunities within the capital market for small and medium enterprises (SMEs) across Sri Lanka. The forums took place at the Silanrich Hotel in Monaragala on July 16 and at the FG Golden River Hotel in Batticaloa on July 18.
During these forums, SME participants were equipped with critical knowledge on how to strengthen their business operations and seize growth opportunities via the capital market. The sessions included discussions on the SME Creditworthiness Rating Framework, the SME Magazine, the Entrepreneur Awards program, and the significance of sound financial management for long-term business sustainability.
Attendees also received extensive information regarding Initial Public Offerings (IPOs), regulatory obligations, succession planning for family-run businesses, and the advantages provided by the CSE’s Empower Board. The forums concluded with interactive panel discussions, allowing participants to engage directly with industry professionals and gain practical insights into scaling their businesses and preparing for involvement in the capital market.
The panels featured notable speakers, including Ms. Manuri Weerasinghe, Director of Corporate Affairs at SEC; Ms. Semini Kuruppu, Manager of Corporate Affairs at SEC; Mr. Saman Sri Lal, Alternate Chairman of the CA SME Connect Committee and Managing Partner at RTA Sri Lanka; Mr. Lakmal Jayarathne, CEO of M Power Capital Securities Limited; Ms. Krishnaveny Karmegam, Associate Director of Deloitte Sri Lanka; Mr. Atchuthan Srirangan, Vice President of Corporate Finance & Advisory at First Capital Holdings PLC; Ms. Punyamali Saparamadu, Senior Vice President of Commercial at CSE; and Ms. Himashi Wickramasinghe, Manager of Commercial at CSE.
Mr. Atchuthan Srirangan provided an informative presentation on the listing process, while Ms. Krishnaveny Karmegam shared insights from CA Sri Lanka regarding the SME Creditworthiness Rating Framework, the SME Magazine, and the Entrepreneur Awards program.
During the Monaragala forum, the panelists included Ms. Himashi Wickramasinghe, Mr. Lakmal Jayarathne, Mr. Saman Sri Lal, Ms. Semini Kuruppu, and Ms. Punyamali Saparamadu, who collectively offered diverse perspectives on the capital market.
Mr. Lakmal Jayarathne discussed the issuer’s perspective on the listing process, while Mr. Saman Sri Lal elaborated on the SME Creditworthiness Rating Framework and related initiatives.
In the Batticaloa forum, the panel featured Ms. Krishnaveny Karmegam, Mr. Saman Sri Lal, Mr. Atchuthan Srirangan, and Ms. Himashi Wickramasinghe, who contributed to enriching the discussion with their expertise.
These forums represent a significant step towards empowering SMEs in Sri Lanka to explore and harness capital market opportunities for their growth and development.
