Karachi: Goodluck Industries Limited held its 54th Annual General Meeting on October 16, 2024, where several key financial resolutions were approved, including the audited financial statements for the year and a cash dividend for shareholders. The event marked significant financial decisions as outlined in the company resolutions document.

The shareholders confirmed the minutes of the previous annual meeting and adopted the audited annual financial statements for the fiscal year ending June 30, 2024. The company reported a cash dividend of Rs. 3 per share on a nominal value of Rs. 10 per share, which signifies a dividend yield of 30%. This resolution aligns with the company's ongoing commitment to return value to its shareholders amid economic challenges.

According to information available from the Pakistan Stock Exchange (PSX), the appointment of auditors and election of directors were other critical agendas addressed during the meeting. M/s. Muniff Ziauddin and Company, a chartered accountancy firm, was re-appointed to oversee the next fiscal period until the conclusion of the 2025 annual general meeting. The board also confirmed the election of nine directors, which included a mix of executive, non-executive, and independent directors, to guide the company through the next three years.

These decisions are pivotal for Goodluck Industries as they prepare for another fiscal year with robust governance and financial transparency at the forefront of their corporate strategy. The company continues to maintain its compliance with corporate governance regulations, ensuring a stable financial future.