First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at the TAGS Awards 2023, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for the 58th consecutive year. The company was honoured with the prestigious Gold Award in the Investment Banking category, recognizing its outstanding performance and dedication to transparency, accountability, governance, and sustainability in corporate reporting. The TAGS Awards bestowed recognition upon exemplary companies spanning 29 industry sectors, reflecting a commitment to comprehensive progress and governance.

First Capital has embraced both the Integrated Reporting Framework and the Global Reporting Initiative framework, positioning the organization at the forefront of global reporting standards. The Integrated Reporting Framework offers stakeholders a thorough and interconnected perspective on the company’s performance, encompassing both financial and non-financial facets. Simultaneously, the Global Reporting Initiative framework ensures standardized and transparent communication of the company’s environmental, social, and governance impacts.

Mangala Jayashantha, Chief Financial Officer of First Capital, commented on this latest achievement, stating: “We are here today because, as a responsible business, we understand the importance of moving beyond conventional financial reporting norms. Transparent and comprehensive reporting not only meets regulatory standards but also builds trust and credibility in this fiercely competitive market landscape. We are honoured to receive this prestigious award from the Institute of Chartered Accountants of Sri Lanka. This recognition reaffirms our commitment to excellence in reporting, highlighting our dedication to aligning with international benchmarks and First Capital’s vision to improve the lives of all Sri Lankans through financial solutions”

This commitment to enhanced reporting practices is poised to enhance First Capital’s reputation among investors, stakeholders, and the general public. Furthermore, this dedication positions First Capital as a socially responsible corporate entity, underscoring its awareness of emerging trends and its commitment to best practices in reporting. The company’s proactive stance in embracing sustainability and ESG practices reflects its forward-thinking approach, demonstrating a commitment to long-term value creation for all stakeholders.

With a strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, First Capital focuses on staying true to its “Performance First” ethos. First Capital stands strong with robust fundamentals, dedicated teams, and the support of the Janashakthi Group, allowing it to weather challenging market cycles. The organization is actively expanding its reach and significance by embracing an evolving digital platform, bolstering its digital capabilities, and integrating its operations. These efforts are aimed at transforming client experiences, fostering operational efficiency, and driving overall growth & sustainability.


Photo captions below:

First Capital Team Receiving the GOLD Award at TAGS Awards
Mangala Jayashantha, Chief Financial Officer – First Capital Holdings PLC


About First Capital Holdings PLC:

First Capital Holdings PLC is a member of the Janashakthi Group, focused on delivering ‘Performance First’ through its operations as a primary dealer, in corporate finance advisory, wealth management, and as a stockbroker.

With over four decades of expertise in providing capital market solutions, First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL] A with a Stable outlook by LRA.

The Board of Directors of First Capital Holdings PLC comprises Nishan Fernando (Chairman), Manjula Mathews (Deputy Chairperson), Dilshan Wirasekara (Managing Director / Chief Executive Officer), Ramesh Schaffter, Minette Perera, Chandana de Silva, and Nishan de Mel.

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