Karachi: Lucky Cement Limited has announced the convening of its 33rd Annual General Meeting (AGM) on September 25, 2026, at its registered office in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa. The meeting will address key agenda items, including financial statement approvals, dividend declarations, auditor appointments, and significant investment proposals.
The notice of the AGM, issued on September 3, 2026, outlines that the meeting will commence at 12:00 p.m. The ordinary business will include the reception and adoption of the audited financial statements for the fiscal year ending June 30, 2026. The Board of Directors has recommended a final cash dividend of 250%, translating to PKR 5 per ordinary share of PKR 2 each.
Shareholders will also deliberate the re-appointment of M/s. A. F. Ferguson & Co., Chartered Accountants, as the company's auditors for the year ending June 30, 2027. The Board of Directors has endorsed their re-appointment at a mutually agreed fee structure.
A focal point of the meeting will be the special business segment, where shareholders will consider authorizing investments into National Resources (Private) Limited (NRL), an associated company. The proposed investment, amounting to PKR 1.20 billion, is intended to support operations, including exploration activities in Balochistan. The resolutions empower the Board to manage and modify these investments as necessary.
Furthermore, the AGM will address ratification and approval of related party transactions conducted during the past financial year and authorize future transactions for the year ending June 30, 2027. The Board is vested with the authority to oversee these transactions, ensuring compliance with Sections 207 and 208 of the Companies Act, 2017.
According to information available from the Pakistan Stock Exchange (PSX), Lucky Cement's strategic financial decisions and associated transactions will be under scrutiny as shareholders prepare to evaluate the company's fiscal and operational trajectories.
The meeting agenda concludes with provisions to handle any additional business matters with the chairman's approval.