The Colombo Fort Land & Building PLC announced the demise of Mr. Alagarajah Rajaratnam on August 26, 2023. Mr. Rajaratnam was the former Chairman of the Colombo Fort Land & Building PLC (CFLB) and having relinquished such position with effect from June 30, 2023 continued to serve on the Board of CFLB as a Non-Executive Director at the time of his demise.