The Colombo Stock Exchange has indicated to the Federation of Information Technology Industry Sri Lanka (FITIS). Following both the Main Board and (Diri Savi) Board have new alternative rules for listing.
For the mainboard in place of having positive net assets for the last two financial years and net profit after tax for 3 consecutive financial years or aggregate net profit after tax for three consecutive financial years firms will be able to list based on market capitalization and revenue.
Firms looking to list on the mainboard will require market capitalization over Rs 5 billion and aggregate revenue of Rs 3 billion for three financial years.
Firms looking to list on the Diri Savi board will require market capitalization of Rs 2 billion and aggregate revenue of Rs 350 million.
Firms looking to list on both boards will require an independent auditors report not containing an emphasis of matter on