Karachi: Goodluck Industries Limited has announced its 54th Annual General Meeting (AGM) scheduled for October 16, 2024, at 3:30 p.m., to be held at Plot No. 5-49/A, S.I.T.E, Mauripur Road, Karachi. This meeting marks a pivotal event as shareholders convene to review annual results and make critical decisions about the company’s future.
The AGM will address several key items on the agenda, including the confirmation of minutes from the previous year’s meeting held on October 14, 2023. Shareholders will also receive, consider, and adopt the annual audited financial statements for the fiscal year ended June 30, 2024, accompanied by reports from the Directors and Auditors.
A significant proposal on the agenda is the approval of a final cash dividend of Rs. 3.00 per ordinary share, which reflects a 30% dividend rate. This recommendation by the Board underscores Goodluck Industries’ continued commitment to delivering shareholder value.
Further, the AGM will see the appointment of Auditors for the coming fiscal year, with the current auditors, Muniff Ziauddin and Co., Chartered Accountants, offering themselves for re-appointment. Additionally, the election of nine directors as mandated by the Board in accordance with section 159 (1) of the Companies Act 2017 for a new three-year term will be a focal point. The retiring directors include prominent figures such as Mr. Ashfaq, Mr. Fahad, and Mrs. Naveen Shams, among others.
According to information available from the Pakistan Stock Exchange (PSX), this assembly not only serves as a regulatory requirement but also as a platform for shareholders to influence the company’s strategic directions. The notices regarding the AGM were published in the "Daily Times" and "Daily Nai Baat" newspapers on September 23, 2024, ensuring compliance and transparency in communications with the TRE Certificate Holders of the Exchange.
This AGM follows a tradition of governance and shareholder engagement, crucial for maintaining trust and accountability within the structures of Goodluck Industries.