 In 1910 the name of the school was changed to Jayawardena Shasthra Shalava, whilst D. J. Jayatunga (1905–1922) was appointed as the school's third principal.After the establishment of Buddhist Theosophical Society, Jayawardena Shasthra Shalava took over the administration of the school.The administration renamed the school, Ananda Sastralaya, and appointed the former principal of Ananda College, S. P. Perera, as the school's principal.