Walton Hi-Tech holds 17th AGM

Business Desk :
Electrical and electronics manufacturing company Walton Hi-Tech Industries PLC, holds its 17th Annual General Meeting (AGM) through virtually on Sunday.

Chairman of the company, S M Shamsul Alam presided over the AGM while its Vice-Chairman S M Ashraful Alam, Managing Director S M Mahbubul Alam, Directors S M Nurul Alam Rezvi, S M Rezaul Alam, Tahmina Afrose Tanna and Raisa Sigma Hima, Independent Directors Dr. Ahsan H. Mansur, Samsul Alam Mallick, FCA, and Professor Dr. M. Sadiqul Islam, were also present.

In the AGM, shareholders of the company approved its audited financial statements for the financial year 2022-2023, the reports of the directors and the auditors, and the recommended 300 percent cash dividend for the general shareholders and 90 percent cash dividend for sponsors and directors for the FY 2022-2023.

The shareholders also approved the recommendation of the board on elect/re-elect of the directors and re-appointment of an independent director for another tenure of 3 years.

Among others, Company’s Additional Managing Directors Major General Ibne Fazal Shayekhuzzaman (Retd.), SM Shoyeb Hossain Nobel and Amdadul Hoque Sarker, Deputy Managing Directors Nazrul Islam Sarker, Eva Rezwana Nilu, Humayun Kabir and Md. Yousuf Ali, Company Secretary Md. Rafiqul Islam, Chief Financial Officer Muhammed Omar Faruque Ripon, Head of Internal Audit and Compliance Rahamat Ara Huda, and a good number of institutional investors as well as general shareholders, Company’s Statutory Auditors and Corporate Governance Compliance Auditor, representatives from regulators, other stakeholders including higher officials of the company also attended the meeting virtually.