Goodluck Industries Limited Announces 54th Annual General Meeting in Karachi

Karachi: Goodluck Industries Limited has scheduled its 54th Annual General Meeting (AGM) for October 16, 2024. The meeting will focus on key corporate governance and financial matters, including the approval of the annual audited financial statements and the election of directors for the next term.

The AGM will confirm the minutes of the previous year’s meeting held on October 14, 2023. Attendees will then review and potentially approve the company’s financial statements for the fiscal year ending June 30, 2024, which have been prepared alongside the directors’ reports.

According to information available from the Pakistan Stock Exchange (PSX), one of the key proposals on the agenda is the declaration of a final cash dividend of Rs. 3.00 per ordinary share, representing a 30% payout, as recommended by the Board of Directors. Additionally, the assembly will oversee the reappointment of the company’s auditors, M/s. Muniff Ziauddin and Co., Chartered Accountants, and determine their fees for the upcoming fiscal year.

This AGM is also significant for the planned election of nine directors, compliant with Section 159(1) of the Companies Act 2017. The positions up for election include three seats each for female directors, independent directors, and other directors, ensuring compliance with corporate governance regulations.

The company has emphasized the importance of electronic participation, urging shareholders to attend via video link to minimize physical interaction amid ongoing health and safety considerations. Shareholders have been provided with details on how to register for online attendance, reinforcing the company’s commitment to accessibility and shareholder engagement.

All shareholders are requested to confirm their participation by October 14, 2024, to ensure a smooth and efficient meeting process.

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