Lucky Cement Limited AGM Approves Financial Statements, Cash Dividend, Auditor Reappointment, and Alters Articles of Association.

Karachi -- The 30th Annual General Meeting (AGM) of Lucky Cement Limited convened at the company's registered office in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa, saw key resolutions passed by shareholders, reflecting the company's financial health and strategic direction.

Approval of Audited Financial Statements:

In a unanimous decision, the shareholders approved the audited financial statements of Lucky Cement Limited for the fiscal year ending on June 30, 2023. The adoption and approval of the financial statements were accompanied by the Directors' and Auditors' reports.

Declaration of Final Cash Dividend:

Shareholders also gave their nod to the payment of a final cash dividend for the same fiscal year. The dividend, as recommended by the Board of Directors, was set at Rs. 18 per share (180%) and will be disbursed to shareholders whose names appeared in the Register of Members as of September 15, 2023.

Auditor Reappointment and Remuneration:

M/s. A. F. Ferguson & Co., Chartered Accountants, Karachi, were re-appointed as the external auditors of the company for the fiscal year 2024. Their term will conclude at the next Annual General Meeting, and their remuneration, including taxes and expenses, will be based on actuals.

Alteration of Articles of Association:

In a significant move, shareholders considered and approved alterations to the Articles...