Lucky Core Industries Limited Announces 72nd Annual General Meeting with Dividend Declaration and Auditor Appointment on Agenda

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Karachi, Lucky Core Industries Limited, a prominent player in the industrial sector, has officially notified its shareholders and stakeholders of the upcoming 72nd Annual General Meeting (AGM), scheduled for September 26, 2023. The AGM will be hosted in Karachi and conducted through a video-conferencing platform, ensuring accessibility to a broader range of participants.

The AGM will focus on several key matters, including:

Ordinary Business:

1. Financial Statements Adoption: Shareholders will receive, deliberate upon, and adopt the annual audited financial statements of Lucky Core Industries Limited for the fiscal year ending June 30, 2023. This discussion will be accompanied by the presentation of Directors’ and Auditors’ Reports, providing insights into the company’s financial performance.

To facilitate access to these financial statements, the company has adhered to regulatory requirements. Shareholders can view the financial statements through a weblink provided here: [Lucky Core Financial Reports] (https://luckycore.com/investor-relations/financial-reports/). Additionally, a QR-enabled code is available for easy access.

2. Declaration of Cash Dividend: The AGM will consider and approve the declaration of a final cash dividend at 330%, amounting to PKR 33 per ordinary share with a nominal value of PKR 10 each. This dividend is in recognition of the company’s performance for the fiscal year ending June 30, 2023. It will be payable to Members whose names are listed in the Register of Members as of September 19, 2023.

3. Auditor Appointment: The AGM will also address the appointment of auditors for Lucky Core Industries Limited for the financial year 2023-24, along with the fixation of their remuneration. The Board of Directors, in line with the recommendation of the Board Audit Committee, has proposed the appointment of M/s. A.F. Ferguson & Co. as auditors, replacing the retiring auditors, E Y Ford Rhodes, Chartered Accountants. This appointment is intended for the fiscal year ending June 30, 2024.

Lucky Core Industries Limited is committed to transparency, adherence to regulatory requirements, and fostering active shareholder participation. The AGM serves as a vital platform for shareholders to engage in discussions and decisions that impact the company’s future.

Shareholders, investors, and stakeholders are encouraged to stay informed about the AGM’s developments and official communications from Lucky Core Industries Limited as the event date approaches.

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