HAYLEYS FABRIC PLC

58.96% owned subsidiary of Hayleys PLC

Composition

Executive Chairman of Hayleys PLC is also the Chairman of Hayleys Fabric PLC including 5 Executive Directors of whom3 in charge of Finance, Marketing and HR respectively.

2 Non – Executive Directors

5 Independent Non – Executive Directors of whom 1 Senior Independent Director (SID)

SOUTH ASIA TEXTILES LIMITED

100% Owned Subsidiary of Hayleys Fabric PLC

Composition of South Asia Textiles Limited

Executive Chairman is the Chairman of Hayleys PLC, Hayleys Fabric PLC and South Asia Textiles Limited.

MD/ CEO of Hayleys Fabric is also the MD/ CEO for South Asia Textiles Limited and is an Executive Director in common with Hayleys Fabric PLC including Directors In common with Hayleys Fabric PLC including Directors in charge of Finance, Marketing and HR.

HAYLEYS FABRIC SOLUTIONS LIMITED

66 2/3% Owned Subsidiary of Hayleys Fabric PLC

Composition of Hayleys Fabric Solutions Limited

Executive Chairman is the Chairman of Hayleys PLC, Hayleys Fabric PLC and Hayleys Fabric Solutions Limited.

Governance Framework and Leadership Structure

The governance framework of Hayleys Fabric PLC is built on a well-structured leadership system that ensures operational excellence and strategic direction. At the core of this framework is the Managing Director/CEO, supported by the Senior Management Team, who oversee the operations of both Hayleys Fabric PLC and South Asia Textiles Limited. This structure enables seamless collaboration across key functional areas, including HR & Legal, Treasury, ESG, Procurement, and Strategic Business Development. With clearly defined roles and streamlined operations, the framework fosters transparency, accountability, and a commitment to sustainable growth, positioning the organization for long-term success.

Board of Directors

  • Hayleys Fabric PLC Nominations & Governance Committee
  • Hayleys Fabric PLC related Party Transactions Review Committee
  • Hayleys Fabric PLC Remuneration Committee
  • Hayleys Fabric PLC Audit Committee

  • Companies Act No. 07 of 2007
  • CSE Listing Rules
  • SEC Rules & Directives
  • Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995
  • Shop and Office Employees Act of 1954

  • Factories Ordinance No. 45 of 1942
  • Wages Board Ordinance
  • Social Security Act
  • Women’s, Young Persons and Children’s Act
  • Other applicable Regulations

  • Code of Best Practices for Corporate Governance issued by the Institute of Charted Accountants of Sri Lanka
  • <IR> Framework issued by the IIRC
  • Global Reporting Initiative (GRI)
  • United Nations Global Compact Highlights

  • United Nations Sustainability Development Goals (SDG’s)
  • Task Force on Climate related Financial Disclosures (TCFD)
  • Sustainability Accounting Standards (SASB)-Apparel, Accessories & Footwear standards
  • SLFRS – S2 Climate Related Disclosure