The inscription is engraved on all four sides of the lower part of a pillar, which was unearthed in about 1931 in the paddy field at Mäda-Ulpota, an abandoned village in the Gan̆gala Uḍasiya Pattuva of the Mātaḷē District. The pillar fragment now stands in a chena adjoining the field. The inscription was first copied for scholarship by Senarath Paranavitana in July 1932. The name of the king in whose reign the document was dated has not been preserved. The inscription records the grant of immunities to a land which was situated in a village called Panāväli and which, apparently, was set apart for the benefit of the servitors at the Council Hall (attāṇi–hala). In style, the inscription resembles the Poḷonnaruva Council Chamber pillar inscription (IN03158) and enables us to settle one or two doubtful points in the reading of that record.
. . . . . . . by the officers called [pi]ṭassam–arub and by the other officers of the royal household, [this] should be protected again and again. [The village] Panāväli which is in your district and which comprises of one seṇā of hulu . . . . . . . . . . . . should be enjoyed, unreservedly, by the survitors at the Council Hall. To this [estate], maṅgiva, piyagiva, melāṭsi and the other officers of the royal household are not to enter . . . . . . . . . . . . With the desire that we shall be noticed by kings, so that this estate may become a pamaṇu and as Diyävalla Kasbā who performs the office of muk–hi came and notified in our presence . . . . . . . . . . . . we ordered . . . . . on the tenth day of the bright half of the month of . . . . . . After this day, the field . . . . this person having entered . . . . . . .