Karachi: Lucky Core Industries Limited (LCIL) has announced that its 75th Annual General Meeting (AGM) will take place on September 25, 2026, at 10:00 a.m. The meeting will be held at 5 West Wharf in Karachi and will also be accessible via video-conferencing.
The announcement, dated September 2, 2026, confirms the dispatch of the meeting notice to shareholders, with publication set for September 3, 2026, in both English and Urdu newspapers. The AGM's agenda includes several key items of ordinary and special business.
Shareholders will first review and adopt the company's annual audited financial statements for the fiscal year ending June 30, 2026, alongside the Directors' and Auditors' Reports. In addition, the Board of Directors has recommended a final cash dividend of 262.5%, or PKR 5.25 per ordinary share, which will be considered for approval. This comes on top of an interim cash dividend of the same percentage already disbursed.
The Board also proposes the reappointment of M/s. A.F. Ferguson & Co. Chartered Accountants as auditors for the fiscal year 2026-27, pending shareholder approval.
The AGM will further address special business, specifically the ratification and approval of related party transactions amounting to PKR 66.48 billion for the year ending June 30, 2026. According to information available from the Pakistan Stock Exchange (PSX), these transactions span multiple related entities, including Lucky Cement Limited and Yunus Textile Mills Limited, among others.
LCIL plans to continue engaging in related party transactions, including the purchase and sale of goods and services, throughout the fiscal year ending June 30, 2027. These transactions will require subsequent ratification at the next AGM. Shareholders have been informed that some directors may have interests in these transactions. However, the Board has been granted advance authorization to review and approve such dealings within the approved limits.
The designated market category for this notice falls under corporate governance and shareholder relations.