Index: flang/lib/Lower/ConvertExpr.cpp
===================================================================
--- flang/lib/Lower/ConvertExpr.cpp
+++ flang/lib/Lower/ConvertExpr.cpp
@@ -5639,6 +5639,13 @@
                                        builder.getContext(), charTy.getFKind()),
                                    seqTy.getDimension()));
       }
+      llvm::SmallVector<mlir::Value> lbounds;
+      llvm::SmallVector<mlir::Value> nonDeferredLenParams;
+      if (!slice) {
+        lbounds =
+            fir::factory::getNonDefaultLowerBounds(builder, loc, extMemref);
+        nonDeferredLenParams = fir::factory::getNonDeferredLenParams(extMemref);
+      }
       mlir::Value embox =
           memref.getType().isa<fir::BaseBoxType>()
               ? builder.create<fir::ReboxOp>(loc, boxTy, memref, shape, slice)
@@ -5647,7 +5654,9 @@
                     .create<fir::EmboxOp>(loc, boxTy, memref, shape, slice,
                                           fir::getTypeParams(extMemref))
                     .getResult();
-      return [=](IterSpace) -> ExtValue { return fir::BoxValue(embox); };
+      return [=](IterSpace) -> ExtValue {
+        return fir::BoxValue(embox, lbounds, nonDeferredLenParams);
+      };
     }
     auto eleTy = arrTy.cast<fir::SequenceType>().getEleTy();
     if (isReferentiallyOpaque()) {
Index: flang/test/Lower/parent-component.f90
===================================================================
--- flang/test/Lower/parent-component.f90
+++ flang/test/Lower/parent-component.f90
@@ -135,7 +135,9 @@
   ! CHECK: %[[C0:.*]] = arith.constant 0 : index
   ! CHECK: %[[BOX_DIMS:.*]]:3 = fir.box_dims %{{.*}}, %[[C0]] : (!fir.box<!fir.array<?x!fir.type<_QFTc{a:i32,b:i32}>>>, index) -> (index, index, index)
   ! CHECK: %[[C1:.*]] = arith.constant 1 : index
-  ! CHECK: %[[SLICE:.*]] = fir.slice %[[C1]], %[[BOX_DIMS]]#1, %[[C1]] path %[[FIELD]] : (index, index, index, !fir.field) -> !fir.slice<1>
+  ! CHECK: %[[BOUND_OFFSET:.*]] = arith.subi %[[LOAD_LB0]], %[[C1]] : index
+  ! CHECK: %[[UB:.*]] = arith.addi %[[BOX_DIMS]]#1, %[[BOUND_OFFSET]] : index
+  ! CHECK: %[[SLICE:.*]] = fir.slice %[[LOAD_LB0]], %[[UB]], %[[C1]] path %[[FIELD]] : (index, index, index, !fir.field) -> !fir.slice<1>
   ! CHECK: %[[BOX:.*]] = fir.embox %[[MEM]](%[[SHAPE_SHIFT]]) [%[[SLICE]]] : (!fir.heap<!fir.array<?x!fir.type<_QFTc{a:i32,b:i32}>>>, !fir.shapeshift<1>, !fir.slice<1>) -> !fir.box<!fir.array<?x!fir.type<_QFTp{a:i32}>>>
   ! CHECK: %[[BOX_NONE:.*]] = fir.convert %[[BOX]] : (!fir.box<!fir.array<?x!fir.type<_QFTp{a:i32}>>>) -> !fir.box<none> 
   ! CHECK: %[[IS_CONTIGOUS:.*]] = fir.call @_FortranAIsContiguous(%[[BOX_NONE]]) {{.*}}: (!fir.box<none>) -> i1
@@ -156,7 +158,9 @@
   ! CHECK: %[[C0:.*]] = arith.constant 0 : index
   ! CHECK: %[[BOX_DIMS:.*]]:3 = fir.box_dims %{{.*}}, %[[C0]] : (!fir.box<!fir.array<?x!fir.type<_QFTc{a:i32,b:i32}>>>, index) -> (index, index, index)
   ! CHECK: %[[C1:.*]] = arith.constant 1 : index
-  ! CHECK: %[[SLICE:.*]] = fir.slice %[[C1]], %[[BOX_DIMS]]#1, %[[C1]] path %[[FIELD]] : (index, index, index, !fir.field) -> !fir.slice<1>
+  ! CHECK: %[[BOUND_OFFSET:.*]] = arith.subi %[[LOAD_LB0]], %[[C1]] : index
+  ! CHECK: %[[UB:.*]] = arith.addi %[[BOX_DIMS]]#1, %[[BOUND_OFFSET]] : index
+  ! CHECK: %[[SLICE:.*]] = fir.slice %[[LOAD_LB0]], %[[UB]], %[[C1]] path %[[FIELD]] : (index, index, index, !fir.field) -> !fir.slice<1>
   ! CHECK: %[[BOX:.*]] = fir.embox %[[LOAD_ALLOC]](%[[SHAPE_SHIFT]]) [%[[SLICE]]] : (!fir.heap<!fir.array<?x!fir.type<_QFTc{a:i32,b:i32}>>>, !fir.shapeshift<1>, !fir.slice<1>) -> !fir.box<!fir.array<?x!fir.type<_QFTp{a:i32}>>>
   ! CHECK: %[[BOX_NONE:.*]] = fir.convert %[[BOX]] : (!fir.box<!fir.array<?x!fir.type<_QFTp{a:i32}>>>) -> !fir.box<none>
   ! CHECK: %{{.*}} = fir.call @_FortranAioOutputDescriptor(%{{.*}}, %[[BOX_NONE]]) {{.*}}: (!fir.ref<i8>, !fir.box<none>) -> i1
Index: flang/test/Lower/pointer-assignments.f90
===================================================================
--- flang/test/Lower/pointer-assignments.f90
+++ flang/test/Lower/pointer-assignments.f90
@@ -67,6 +67,26 @@
   p => x
 end subroutine
 
+! Test that the lhs takes the bounds from rhs.
+! CHECK-LABEL: func @_QPtest_pointer_component(
+! CHECK-SAME: %[[temp:.*]]: !fir.ref<!fir.type<_QFtest_pointer_componentTmytype{ptr:!fir.box<!fir.ptr<!fir.array<?xf32>>>}>> {fir.bindc_name = "temp"}, %[[temp_ptr:.*]]: !fir.ref<!fir.box<!fir.ptr<!fir.array<?xf32>>>> {fir.bindc_name = "temp_ptr"}) {
+subroutine test_pointer_component(temp, temp_ptr)
+  type mytype
+    real, pointer :: ptr(:)
+  end type mytype
+  type(mytype) :: temp
+  real, pointer :: temp_ptr(:)
+  ! CHECK: %[[ptr_addr:.*]] = fir.coordinate_of %[[temp]], %{{.*}} : (!fir.ref<!fir.type<_QFtest_pointer_componentTmytype{ptr:!fir.box<!fir.ptr<!fir.array<?xf32>>>}>>, !fir.field) -> !fir.ref<!fir.box<!fir.ptr<!fir.array<?xf32>>>>
+  ! CHECK: %[[ptr:.*]] = fir.load %[[ptr_addr]] : !fir.ref<!fir.box<!fir.ptr<!fir.array<?xf32>>>>
+  ! CHECK: %[[dims:.*]]:3 = fir.box_dims %[[ptr]], %{{.*}} : (!fir.box<!fir.ptr<!fir.array<?xf32>>>, index) -> (index, index, index)
+  ! CHECK: %[[shift:.*]] = fir.shift %[[dims]]#0 : (index) -> !fir.shift<1>
+  ! CHECK: %[[arr_box:.*]] = fir.rebox %[[ptr]](%[[shift]]) : (!fir.box<!fir.ptr<!fir.array<?xf32>>>, !fir.shift<1>) -> !fir.box<!fir.array<?xf32>>
+  ! CHECK: %[[shift2:.*]] = fir.shift %[[dims]]#0 : (index) -> !fir.shift<1>
+  ! CHECK: %[[final_box:.*]] = fir.rebox %[[arr_box]](%[[shift2]]) : (!fir.box<!fir.array<?xf32>>, !fir.shift<1>) -> !fir.box<!fir.ptr<!fir.array<?xf32>>>
+  ! CHECK: fir.store %[[final_box]] to %[[temp_ptr]] : !fir.ref<!fir.box<!fir.ptr<!fir.array<?xf32>>>>
+  temp_ptr => temp%ptr
+end subroutine
+
 ! -----------------------------------------------------------------------------
 !    Test pointer assignments with bound specs to contiguous right-hand side
 ! -----------------------------------------------------------------------------