The Magistrate’s Court of Colombo has issued a conditional court order directing the removal of online access to specific URLs containing false and misleading statements circulating about LOLC Holdings PLC and its business activities.

The court issued the conditional directive on 23 October 2026, ordering that access to the URLs carrying the prohibited statements be taken down unless cause is shown to the contrary.

The judicial action was instituted by LOLC Holdings PLC on 16 October 2026 under Section 24 of the Online Safety Act No. 09 of 2024. The company sought legal relief against the continued dissemination of false and misleading online publications that constitute prohibited statements under Sri Lankan law.

The legal proceedings name key regulatory and tech entities as respondents, including:

• Internet service providers (ISPs) operating in Sri Lanka
• Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
• Meta Platforms, Inc.
• Instagram LLC

This court action follows a prior public clarification issued by LOLC Holdings PLC, in which the company addressed materially inaccurate information being spread about the Group and cautioned that legal action would follow if such content continued to be published.

In a public notice dated 24 October 2026, LOLC Holdings PLC reaffirmed that while it respects responsible journalism, legitimate public discussion, and informed scrutiny, it will continue taking legal action against false or malicious statements that cause harm to the Group, its customers, investors, and other stakeholders.