Walton Wins Investor Warmth with 175% Dividend and Bold Battery Venture
The publicly listed engineering giant, Superbrand, and tech titan Walton Hi-Tech Industries PLC expressed satisfaction at its 19th Annual General Meeting (AGM) after approving a 175% cash dividend. General investors thanked Walton’s Board of Directors for the dividend announcement and expressed excitement over the company’s decision to establish an innovative, state-of-the-art lithium-ion battery production plant in Bangladesh. Investors also voiced optimism that Walton’s global market reach will soon expand to over 100 countries.
The AGM, held in hybrid format on Tuesday, October 28, took place at the Kurmitola Golf Club in Dhaka. The meeting was presided over by SM Shamsul Alam, Chairman of Walton Hi-Tech Industries PLC.
Among others, Vice-Chairman SM Ashraful Alam, Managing Director SM Mahbubul Alam, Directors SM Nurul Alam Rezvi and SM Manjurul Alam Abhi, Independent Directors Shamsul Alam Mallik, Professor Md. Sadequl Islam, and Akhtar Matin Chowdhury, as well as the company’s statutory auditors, corporate governance compliance auditors, representatives from regulatory authorities, senior officials, and a large number of shareholders attended the meeting.
Additionally, Directors SM Rezaul Alam, Tahmina Afroz Tanna, and Raisa Sigma Hima joined virtually along with several shareholders. The meeting was moderated by Company Secretary Md. Rafiqul Islam, FCS.
In his welcome address, Chairman SM Shamsul Alam said, “Through domestic innovation, skilled human resources, and technology-driven industrialization, the ‘Made in Bangladesh’ brand has been firmly established on the global stage. While maintaining leadership in the local market, Walton is successfully exporting products to more than 50 countries, making a significant contribution to foreign currency earnings. Through sustainable growth, innovative research, eco-friendly production, and employment generation, Walton has become one of the key driving forces of national development.”
He also expressed heartfelt gratitude to all shareholders, stakeholders, and participants for making the AGM successful.
Presenting the Annual Report for FY 2024–2025, Managing Director SM Mahbubul Alam outlined the company’s financial progress and future business strategies.
He stated that the 2024–2025 fiscal year was extremely challenging due to global trade volatility, economic headwinds, and internal political instability. However, Walton successfully overcame these adversities through strategic planning and timely decision-making. By controlling operating expenses across sectors and expanding business in both domestic and international markets, the company managed to maintain steady sales and achieve profits exceeding BDT 1,000 crore during the fiscal year.
Expressing confidence, he added that the company is on track to achieve greater profitability in the coming years.
Addressing investors, the Managing Director shared that as part of Walton’s global marketing and branding efforts, the company has become a regional sponsor of the World Champion Argentina Football Team. “As a result, Walton products will be branded worldwide alongside stars like Messi and Martínez,” he said, adding that this initiative will significantly facilitate Walton’s brand expansion in over 100 countries.
During the meeting, the shareholders approved the financial statements, audit report, directors’ report, and the proposed 175% cash dividend and 10% stock dividend for the fiscal year 2024–2025.
For the fiscal year 2025–2026, shareholders also approved the appointment of M/s A. Qasem & Co., Chartered Accountants, as the statutory auditor, and M/s Mohammad Sanaullah & Associates, Chartered Secretary and Management Consultant, as the corporate governance compliance auditor, along with their respective remuneration packages.
