Karachi: Lucky Core Industries Limited held its 75th Annual General Meeting on September 25, 2026, where members passed key resolutions, including the approval of financial statements, declaration of dividends, and ratification of significant related party transactions.

On the agenda was the adoption of the audited financial statements for the fiscal year ending June 30, 2026. These were unanimously received and approved by the members, allowing the company to proceed with its planned financial activities for the upcoming year.

A notable resolution was the declaration of a dividend at 262.5%, equivalent to PKR 5.25 per ordinary share of PKR 2 each. This dividend will be distributed to members listed in the company's register as of September 18, 2026. The dividend declaration aligns with the recommendations made by the Board of Directors.

The meeting also saw the appointment of M/s A.F. Ferguson & Co. as auditors for the year ending June 30, 2027. The auditing firm will undertake this responsibility for a fee of PKR 13,524,000, in addition to applicable taxes and any actual out-of-pocket expenses incurred during the audit process.

According to information available from the Pakistan Stock Exchange (PSX), the members ratified transactions with related parties amounting to PKR 66.48 billion for the year ending June 30, 2026. These transactions encompassed a wide array of dealings, including the purchase and sale of goods, services, and commodities, as well as investments and donations with entities such as Lucky Cement Limited, Yunus Textile Mills Limited, and others. The AGM granted the Board of Directors the authority to conduct further related party transactions during the fiscal year ending June 30, 2027, subject to board approval.

The outcomes of this meeting reflect the company's ongoing strategy to engage in extensive partnerships and financial activities with its related entities, ensuring continued growth and stability in its operations.