This inscription is engraved on a rock to the north of the ruined stupa at an ancient site in the forest about three miles south of Maradanmaḍuva, lying about half a mile off the route to Ikirigallǟva. Two other inscriptions are engraved on the same rock (IN03224 and IN03225). The extensive ruins at this site were discovered by the Wild Life Department in 1953. At that time, the site had no name but it now referred to as Tim̆biriväva after an abandoned and breached tank in the vicinity. As head of the Wild Life Department, C. W. Nicholas reported the discovery to the Archaeological Department, whose officers were despatched to survey the inscriptions (see Appendix II of the Administration Report for 1954, nos. 41, 42 and 43).
The present inscription registers the gift of seven hundred kahavaṇa coins to the royal monastery of Masala by Budala Aldara, nephew of Vaḷaba Haladara. ‘Masala’ was evidently the ancient name of the monastic established at the site where the epigraph is located. The inscription is dated in the tenth year of a king styled Kasabala Alakapaya, ‘Kasabala’ being the equivalent of the Pali ‘Kassapa’. Senarath Paranavitana identifies this king as Kassapa I, since the second king of that name only reigned for nine years and the inscription’s palaeography suggests that it predates the reign of Kassapa III. Kassapa I ascended to the throne in around 479 A.D. The application of the title ‘Alakapaya’, which is equivalent to the Sanskrit ‘Alakapati’ (Lord of Alakā), to this king is explained by the Cūḷavaṁsa when it says that Kassapa built on the summit of Sīgiri ‘a fine palace worthy to behold, like another Ālakamandā and dwelt there like (the god) Kuvera’.