Karachi: LSE Ventures Limited, a leading name in its sector, held its Annual General Meeting on November 27, 2024, where shareholders unanimously approved several key resolutions, marking significant decisions for the company's financial and operational direction in the coming year.

The meeting commenced with the confirmation of the minutes from the previous Annual General Meeting held on October 28, 2023. The minutes were approved without any modifications, setting a formal tone for the proceedings.

Shareholders proceeded to review the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2024. These statements, alongside the Directors' and Auditors' Reports, were adopted unanimously. This reflects the shareholders' confidence in the company's financial health and governance.

One of the pivotal resolutions passed was the declaration of a final cash dividend of Rs. 1.00 per share for the fiscal year ended June 30, 2024. This recommendation by the Board of Directors was approved by the shareholders, ensuring a return to investors.

Additionally, shareholders appointed M/s Kreston Hyder Bhimji, Chartered Accountant, as the External Auditor for the financial year ending June 30, 2025. The remuneration for the auditors was maintained at the previous year's level, underscoring the company's commitment to financial prudence.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are in compliance with regulatory requirements, reflecting adherence to corporate governance standards.

These decisions are expected to guide LSE Ventures Limited through the upcoming financial period, reinforcing its market position and operational strategy.