Shareholders of Walton Hi-Tech Industries Limited at its Extraordinary General Meeting (EGM) Wednesday approved a proposal to use the unspent money raised through initial public offering and net interest of IPO money for BMRE of the company.
The EGM held virtually was presided over by S M Nurul Alam Rezvi, Chairman of Walton, while Managing Director Golam Murshed presented the future work plan. The decision to use the surplus money for BMRE (Balancing, Modernisation, Rehabilitation and Expansion) was approved unanimously by the shareholders.
Vice-Chairman S M Shamsul Alam, Directors S M Ashraful Alam, S M Mahbubul Alam, S M Rezaul Alam, S M Monjurul Alam Ovee, Tahmina Afroz Tanna and Raisa Sigma Hima Independent Directors Ahsan H. Mansoor, Md. Zakir Hossain Bhuiyan, and Professor M. Sadiqul Islam also attended the meeting.
Among others, Walton Hi-Tech’s Additional Managing Director Abul Bashar Howlader, Deputy Managing Director Md. Nazrul Islam Sarker, Amdadul Haque Sarker, Eva Rizwana and Alamgir Alam Sarker, Company Secretary Rafiqul Islam, Chief Financial Officer Mohammad Omar Faruq Ripon, FCA, Head of Internal Audit Mohammad Sirajul Islam, institutional investors and general shareholders were also present.
