Karachi, Lucky Cement Limited has officially announced its 30th Annual General Meeting (AGM), set to take place on September 26, 2023, at the company's registered office located within the factory premises in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa. The AGM will encompass crucial deliberations, including the approval of financial statements, declaration of cash dividends, and the appointment of auditors for the year ending June 30, 2024.

ORDINARY BUSINESS AGENDA:

1. Review of Financial Statements:

The AGM will commence with the review, consideration, and adoption of the audited financial statements of Lucky Cement Limited for the fiscal year ending June 30, 2023. This includes an examination of the Board of Directors' and Independent Auditors' reports. As per regulatory requirements, the financial statements have been made available for download on the company's website, ensuring accessibility and transparency for all stakeholders.

2. Declaration of Cash Dividend:

One of the significant decisions to be made during the AGM is the declaration and approval of the final cash dividend. The proposal recommends a generous cash dividend of 180%, equivalent to PKR 18 per ordinary share of PKR 10 each, for the fiscal year ended June 30, 2023. This recommendation has been put forth by the Board of Directors.

3. Appointment of Auditors:

In addition to the financial matters, shareholders will be called upon to appoint auditors for Lucky Cement Limited for the fiscal year ending June 30, 2024. The present auditors, M/s. A. F. Ferguson & Co., Chartered Accountants, who are eligible for reappointment, have expressed their consent to continue in their role. The Board of Directors has endorsed their reappointment, and the shareholders will have the opportunity to affirm this decision during the AGM.

The 30th Annual General Meeting of Lucky Cement Limited promises to be a pivotal event, where important corporate decisions will be made in the best interests of the company and its shareholders. This gathering provides a platform for open discussion and decision-making, contributing to the ongoing success and transparency of Lucky Cement Limited.