Anilana Hotels and Properties PLC has officially disclosed to the Colombo Stock Exchange (CSE) that its hotel properties located in Nilaveli, Trincomalee and Pasikudah were acquired by Sampath Bank PLC. The acquisition was executed under the provisions of the Recovery of Loans by Banks (Special Provisions) Act No. 04 of 1990.

In a communication dated September 11, 2026, addressed to the Chief Regulatory Officer / Chief Executive Officer of the Colombo Stock Exchange, Anilana Hotels confirmed receiving a letter from Sampath Bank PLC on September 1, 2026 (dated August 31, 2026), confirming the takeover of the properties.

The acquisition comes amidst ongoing legal proceedings initiated by the company. Anilana Hotels stated that it had previously filed two cases in the Commercial High Court (Case Nos. CHC 98/25/MR and CHC 99/25/MR) challenging the resolution adopted by Sampath Bank PLC to acquire the properties. Both matters are currently pending appeal before the Supreme Court under Case Nos. SC/HCLA/115/26 and SC/HCLA/116/26.

Furthermore, Anilana Hotels has submitted an application to compromise under the Companies Act No. 07 of 2007 (Case No. CHC 60/2026/CO). The company informed the court that a prospective investor has offered Rs. 1.2 billion for the hotel properties to settle with Sampath Bank PLC. Following this submission, the Commercial High Court has issued notice on Sampath Bank.

Anilana Hotels noted that should a compromise be successfully reached between the bank and the company in the Commercial High Court, full disclosures will be made to the market.