Walton Hi-Tech Industries PLC held its 20th Annual General Meeting (AGM).
At the meeting, shareholders approved a 180% cash dividend and 10% stock dividend for FY26.
At the AGM, shareholders expressed satisfaction with the attractive dividend payout despite persistent challenges in both the global and domestic economic landscape.
They also appreciated Walton’s forward-looking initiatives in lithium-ion battery manufacturing, renewable energy, expansion of solar power capacity and investment in new technology-driven industries.
The AGM was held on Thursday (October 15) through a digital platform, with the participation of a large number of institutional and general shareholders.
Walton Hi-Tech’s chairman SM Shamsul Alam presided over the meeting.
Among others, Walton Hi-Tech’s vice-chairman SM Ashraful Alam, managing director SM Mahbubul Alam, directors SM Nurul Alam Rezvi, SM Rezaul Alam, SM Monjurul Alam Ovee, Tahmina Afrose, Raisa Sigma Hima, Sabiha Jarin Arona, Nishat Tasnim Shuchi, and Shadman Sakib Dipro, independent directors Prof M Sadiqul Islam, Akhter Matin Choudhury, and Johora Bebe; additional managing director (AMD) and chief financial officer Md Ziaul Alam, AMD and head of internal audit and compliance Abu Nafis, the company’s statutory auditor, corporate governance compliance auditor, representatives of regulatory authorities, senior officials of the company and a large number of shareholders also attended the meeting virtually.
The meeting was moderated by Walton Hi-Tech’s deputy managing director and company secretary Md Rafiqul Islam.
Walton Hi-Tech’s chairman SM Shamsul Alam said: “Backed by a strong foundation of corporate governance, we have been able to achieve sound financial results despite various challenges in the global and domestic economies. As part of our continued commitment to protecting shareholders’ interests, the Board of Directors recommended a 180% cash dividend and 10% stock dividend. We will continue working to deliver stronger financial performance and create greater value for our investors in the years ahead.”
Walton Hi-Tech’s managing director SM Mahbubul Alam presented the company’s Annual Report for FY26 and highlighted improvements in key financial indicators, business performance and the company’s future growth plans.
At the AGM, shareholders approved the company’s audited financial statements and audit report for FY26, along with the 180% cash dividend and 10% stock dividend.
The meeting also approved the directors’ report, re-election of directors, reappointment of the managing director, re-appointment of the company’s statutory auditor and corporate governance compliance auditor, and appointment of Johora Bibi as an independent director, along with other agenda items placed before the shareholders.
Shareholders also approved transactions with Walton Hi-Tech’s related party ‘Walton Plaza’ in FY26.