Ambeon Capital PLC has entered into an agreement to acquire a controlling stake in Harischandra Mills PLC through its subsidiary, Ambeon Essentials (Private) Limited.

In a market disclosure to the Colombo Stock Exchange, the company said it signed a Share Sale and Purchase Agreement (SSPA) on 24 January 2026 to acquire 981,118 ordinary voting shares, representing approximately 51.11% of the total issued voting shares of Harischandra Mills PLC. The shares will be acquired from a consortium of investors through a voluntary offer.

The proposed acquisition is subject to obtaining the necessary regulatory approvals.

Ambeon Essentials has also announced its intention to make a voluntary offer to acquire the remaining ordinary voting shares of Harischandra Mills PLC from all shareholders, in compliance with the Takeovers and Mergers Code and other applicable regulations.

The company said details of the voluntary offer, including the offer price and terms, will be announced in due course following regulatory clearance.