UDA Chairman Appointed to On’ally Holdings Board 📈

On’ally Holdings PLC has officially appointed Urban Development Authority (UDA) Chairman M.G. Hemachandra as a Non-Executive Director to its Board, effective June 2026. This strategic move links the country’s primary urban planning body with one of Sri Lanka’s pioneer real estate and property development firms. • New Leadership: Hemachandra is a veteran in infrastructure and development policy, formerly serving as Chief of Yen Loan Operations at JICA Sri Lanka. He currently leads the UDA’s efforts to modernize urban frameworks and revitalize stalled projects. • Corporate Context: On’ally Holdings, the proprietor of the iconic Unity Plaza (Sri Lanka's premier ICT/BPM and tech retail hub), is a subsidiary of Lanka Realty Investments PLC. • Strategic Synergy: The appointment is expected to strengthen On’ally’s alignment with national urban policy, smart city concepts, and sustainable development goals. • Board Portfolio: Hemachandra also holds board positions at Colombo Land & Development Company PLC, Waters Edge, and several other state and private sector entities. Impact: The integration of top-tier urban planning expertise into the property sector is aimed at boosting investor confidence and driving digital transformation in commercial real estate. _Note: Based on official corporate disclosures and UDA records._