The 19th Annual General Meeting of Walton Hi-Tech Industries PLC was held on Tuesday (28 October 2025) at Kurmitola Golf Club in the capital.
With the presence of large number of institutional and general shareholders, the 19th Annual General Meeting (AGM) of Walton Hi-Tech Industries PLC (WHILPLC), country's superbrand and tech giant listed in capital market, was successfully held on Tuesday (28 October) at Kurmitola Golf Club in Dhaka.
In the meeting, the general shareholders expressed their satisfaction and thanked the company’s board of directors for paying 175% cash dividend amidst the country’s political instability and adverse business situation at home and abroad.
They were also overwhelmed on Walton's investment announcement in setting up an innovative and state-of-the-art lithium-ion battery manufacturing plant in the country.
The shareholders also expressed optimism that Walton's global market will soon expand to more than 100 countries.
The 19th AGM was presided over by the Company’s Chairman S M Shamsul Alam while Vice-Chairman S M Ashraful Alam, Managing Director S M Mahbubul Alam, Directors S M Nurul Alam Rezvi and S M Monjurul Alam Ovee, Independent Directors Samsul Alam Mallick, FCA, Professor Dr. M. Sadiqul Islam, PhD, FCA and Akhter Matin Chaudhury, FCA, FCS were on the stage.
The meeting was also attended, among others, by the Company’s Statutory and Corporate Governance Compliance auditors, high officials, a large number of shareholders, guests, well-wishers, representatives from the regulatory bodies.
Moreover, Company’s Directors S M Rezaul Alam, Tahmina Afrose Tanna and Raisa Sigma Hima, and lots of general shareholders also joined the meeting virtually. Company’s Secretary Md. Rafiqul Islam, FCS moderated the meeting.
In his welcome speech, S M Shamsul Alam said, the 'Made in Bangladesh' brand has been established on the global stage through innovation, skilled human resources and technology-based industrialization. Walton's products are now being exported to more than 50 countries, which is making a significant contribution to earning foreign currencies. Walton is today one of the main driving forces of national development through sustainable growth, innovative research, environmentally friendly production and employment generation.
He thanked the company's shareholders, stakeholders, well-wishers and guests for their presence and cooperation in making the meeting successful.
Walton Hi-Tech’s Managing Director S M Mahbubul Alam presented the annual report for the financial year 2024-25 before the meeting and also highlighted the company's future business plan and initiatives for the improvement in financial indicators.
Addressing the general shareholders, he said, 2024-25 was a very challenging year for us following global trade instability as well as internal political instability. However, Walton has successfully faced that challenge through timely strategic planning. Along with controlling operating expenses in various sectors, Walton has been able to maintain its general business trend through market expansion at home and abroad. As a result, the company's profit in the last financial year was more than one thousand crore taka. He hoped that the company will move towards more success in achieving good profit in future.
Addressing investors, Walton's Managing Director said that as part of its extensive marketing and branding activities in the international market, Walton has become the regional official sponsor of the world champion Argentina Football Team. As a result, Argentine’s star footballers including Messi and Martinez will be featured in the branding of Walton products around the world. He is hopeful that this initiative will further facilitate the expansion of Walton's brand business in more than 100 countries around the world.
In the AGM, financial statement for the year 2024-25, Audit Report, Directors' Report and retirement/re-appointment, 175% Cash Dividend and 10% Stock Dividend were unanimously approved.
In addition, the meeting approved the appointments of A Qasem & Co. Chartered Accountants as Statutory Auditors and Mohammad Sanaullah & Associates, Chartered Secretary & Consultant as Corporate Governance Compliance Auditors of the Company for the financial year 2025-2026 and also fixed their remuneration.
