Home ›› 02 Oct 2021 ›› Stock
The Walton Hi-Tech Industries Limited has approved a 250 per cent cash dividend - 200 per cent for general shareholders and 170 per cent for sponsors and directors – for the financial year 2019-2020.
The approval came at the 15th annual general meeting (AGM) of the company held virtually on Wednesday, in participation of senior officials and general shareholders.
According to a press release issued on Thursday, Walton Hi-Tech Industries’ Chairman SM Nurul Alam Rezvi presided over the meeting.
Among others, the company’s Vice-Chairman SM Shamsul Alam, Managing Director Golam Murshed, SM Ashraful Alam, SM Mahbubul Alam, SM Rezaul Alam, SM Monjurul Alam Ovee, Tahmina Afrose Tanna, Raisa Sigma Hima, Independent Directors Dr Ahsan H Mansur, Samsul Alam Mallick, FCA, Professor Dr M Sadiqul Islam, Professor Dr Zakir Hossain Bhuiyan, were present.
The company’s Additional Managing Director 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, Secretary Rafiqul Islam, Head of Internal Audit Sirajul Islam, a good number of eligible institutional investors as well as general shareholders and some other higher officials of the company also attended the meeting.
At the meeting, the managing director presented the company’s future work plans to the shareholders, delivered various comments as well as answered questions to the shareholders.
Along with the dividend, other issues such as the retirement and re-election of the directors of the company, the appointments chartered accountant, corporate governance auditor, chartered secretary and consultants were approved at the meeting.
Under the special agenda, as per the directions of Bangladesh Securities and Exchange Commission, more than 10 percent transaction between Walton Hi-Tech Industries Limited and Walton Plaza, and also the decision to purchase land for construction of the company’s iconic tower was approved on the basis of majority of general shareholders.
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.
As of June 30, 2021, Walton Hi-Tech’s earnings per share (EPS) were Tk 54.21 for the year ending on June 30, 2021, a 123.91 per cent increase from Tk 24.21 of the previous year. Its net asset value stood at Tk 311.59 with revaluation and Tk 208.16 without revaluation.
