Walton Hi-Tech Industries PLC, one of the Bangladesh’s leading publicly listed manufacturers of electronics, electrical and technology products, successfully held its 20th Annual General Meeting (AGM). At the meeting, shareholders approved a 180 percent cash dividend and 10 percent stock dividend for the financial year 2025–26.

At the AGM, shareholders expressed satisfaction with the attractive dividend payout despite persistent challenges in both the global and domestic economic landscape. They also appreciated Walton’s forward-looking initiatives in lithium-ion battery manufacturing, renewable energy, expansion of solar power capacity and investment in new technology-driven industries.

The AGM was held on Thursday (October 15) through a digital platform, with the participation of a large number of institutional and general shareholders. Walton Hi-Tech’s Chairman S M Shamsul Alam presided over the meeting.

Among others, Walton Hi-Tech’s Vice-Chairman S M Ashraful Alam, Managing Director S M Mahbubul Alam, Directors S M Nurul Alam Rezvi, S M Rezaul Alam, S M Monjurul Alam Ovee, Tahmina Afrose, Raisa Sigma Hima, Sabiha Jarin Arona, Nishat Tasnim Shuchi and Shadman Sakib Dipro, Independent Directors Professor M. Sadiqul Islam, PhD, FCMA, Akhter Matin Choudhury, FCA, FCS, and Johora Bebe; Additional Managing Director (AMD) and Chief Financial Officer Md. Ziaul Alam, FCA, ACA (ICAEW), AMD and Head of Internal Audit and Compliance Abu Nafis, the company’s statutory auditor, corporate governance compliance auditor, representatives of regulatory authorities, senior officials of the company and a large number of shareholders also attended the meeting virtually.

The meeting was moderated by Walton Hi-Tech’s Deputy Managing Director and Company Secretary Md. Rafiqul Islam, FCS.

In his welcome address, Walton Hi-Tech’s Chairman S M Shamsul Alam said, “Backed by a strong foundation of corporate governance, we have been able to achieve sound financial results despite various challenges in the global and domestic economies. As part of our continued commitment to protecting shareholders’ interests, the Board of Directors recommended a 180 percent cash dividend and 10 percent stock dividend. We will continue working to deliver stronger financial performance and create greater value for our investors in the years ahead.”

He also thanked the company’s shareholders, stakeholders and all concerned for joining the AGM virtually and contributing to its successful completion.

Walton Hi-Tech’s Managing Director S M Mahbubul Alam presented the company’s Annual Report for the financial year 2025–26 and highlighted improvements in key financial indicators, business performance and the company’s future growth plans.

He said, “The 2025–26 financial year was a period of significant change and challenges for both the global and Bangladesh economies. Despite these headwinds, Walton succeeded in maintaining business resilience and growth. Effective cost management, long-term business strategies, innovation and our ability to adapt quickly to changing market dynamics played a vital role in this achievement.”

Addressing the investors, the Walton’s Managing Director said the company is continuously working to take its existing success to new heights while creating new opportunities and building a foundation for long-term prosperity.

“Since the beginning of our business journey, we have been working to reduce the country’s import dependency and strengthen domestic industrial capacity. As part of this vision, during FY2025–26 we made significant progress in our own lithium-ion battery manufacturing project, aimed at reducing dependence on imported batteries,” he said.

“Through this project, Walton is set to become the first company in Bangladesh to manufacture high-quality lithium-ion batteries on a large scale. These batteries will be suitable for use in electric vehicles, laptops, smartphones and various other electronic devices. They can also be used as residential storage power solutions as an alternative to fuel-powered generators, as well as for industrial energy storage applications.”

He added that the project has the potential to play a transformative role in Bangladesh’s green energy transition. “This is a strategic initiative toward strengthening Bangladesh’s technological capability and achieving advanced industrial self-reliance. It will help build the foundation for green energy and environmentally friendly transportation systems in the future, while elevating the reputation of ‘Made in Bangladesh’ products to a new level. And our investors will be proud partners in this achievement,” he said.

S M Mahbubul Alam further said that alongside innovation, Walton remains firmly committed to environmental conservation and sustainable development. As part of this commitment, Walton has installed the country’s largest floating solar power plant at its manufacturing facility. During FY2025–26, Walton’s solar power generation capacity increased to approximately 26 MW, meeting a significant portion of the company’s own electricity demand. “Work is underway to increase our renewable energy capacity to 50 MW during FY2026–27, further expanding Walton’s contribution to renewable energy. Walton’s progress in this sector is a matter of pride for all of us and reflects our strong commitment to environmentally responsible and sustainable industrialisation,” he said.

Highlighting Walton’s progress in global market expansion, the Managing Director said the company continues to advance internationally with the vision of becoming one of the world’s leading global electronics brands. Walton has already obtained major international certifications, including CE, UL, NOM, BIS and TÜV, and expanded its exports and business operations to 64 countries around the world.

“Our export portfolio is also expanding with the addition of new products, including lifts and cables. Our green technology-driven initiatives will further enhance the international acceptance and competitiveness of Walton products,” he added.

At the AGM, shareholders approved the company’s audited financial statements and audit report for FY2025–26, along with the 180 percent cash dividend and 10 percent stock dividend. The meeting also approved the Directors’ Report, re-election of directors, reappointment of the Managing Director, re-appointment of the company’s statutory auditor and corporate governance compliance auditor, and appointment of Johora Bibi as an Independent Director, along with other agenda items placed before the shareholders.

Shareholders also approved transactions with Walton Hi-Tech’s related party ‘Walton Plaza’ in FY2025–26.