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Walton approves 200pc cash dividend

  • Staff Correspondent
  • 30 September, 2021 12:00 AM
  • Print news
Walton approves 200pc cash dividend

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Walton Hi-Tech Industries Limited (WHIL) approved 200 percent cash dividend for its general shareholders for the year 2020.

The approval came at the 15th annual general meeting held through virtual platform on Wednesday, said a press release

The company's 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, Professor Dr M Sadiqul Islam, Prof Dr Zakir Hossain Bhuiyan were present. A large number of institutional investors as well as general shareholders and some other higher officials of the company also attended the meeting.

At the meeting, managing director 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 shareholder of Walton Hi-Tech Industries Limited has approved the financial statement for the 2019-2020 fiscal. 

In the presence of the shareholders, 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. Along with the dividend, other issues such as the retirement and re-election of the directors of the company, the appointments of M/S Hawladar Yunus & Co. as the company’s Chartered Accountant, M/S Al Muktadir Associates as Corporate Governance Auditor and also the Chartered Secretary and Consultant’s appointment and fixation of their remuneration were being approved.

As of June 30, 2021, Walton Hi-Tech's earnings per share (EPS) was Tk 54.21 for the year ended on June 30, 2021, a 123.91 percent increase from Tk 24.21 a year earlier.

Meanwhile, its net asset value stood at Tk 311.59 with revaluation and Tk 208.16 without revaluation.