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Walton approves 250pc cash dividend

Walton holds 15th Annual General Meeting (AGM) of Walton Hi-Tech Industries limited (WHIL) on virtual platform on Wednesday, a press release said.

S M Nurul Alam Rezvi, Chairman presided over the meeting.

Among others,  the company’s Vice-Chairman S M Shamsul Alam, Managing Director Golam Murshed, S M Ashraful Alam, S M Mahbubul Alam, S M Rezaul Alam, S M Monjurul Alam Ovee, Tahmina Afrose Tanna, Raisa Sigma Hima, Independent Directors Dr. Ahsan H Mansur, Samsul Alam Mallick, Professor Dr. M. Sadiqul Islam, Professor Dr. Zakir Hossain Bhuiyan were present.

Virtually, the company’s Additional Managing Directors Abul Bashar Howlader, Deputy Managing Directors Nazrul Islam Sarker, Amdadul Haque Sarker, Eva Rezwana Nilu, Humayun Kabir and Alamgir Alam Sarker, Chief Financial Officer Md. Omar Faruque Ripon, FCA, Company’s Secretary Rafiqul Islam, FCS, Head of Internal Audit Sirajul Islam, FCA, a good number of eligible institutional investors as well as general shareholders and some other higher officials of the company also attended the meeting.

Golam Murshed presented the company’s future work plans to the shareholders, delivered various comments as well as answered questions to the shareholders. In the AGM, the shareholders of Walton Hi-Tech Industries Limited has approved  the company’s financial statement for the FY 2019-2020. 

In the presence of the shareholders in 15th AGM, the proposed 200 percent cash dividend for the general shareholders and 170 percent cash dividend for sponsors and directors for the financial year 2019-2020 were also being approved.

At the same time, the name of the company was changed to ‘Walton Hitech Industries PLC’ instead of ‘Walton Hitech Industries Limited’ with the consent of the shareholders.

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