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28 February 2024

Business Insider Bangladesh

Walton bags SAFA Overall Winner, Gold Award

BI Report || BusinessInsider

Published: 17:16, 30 December 2023   Update: 23:43, 30 December 2023
Walton bags SAFA Overall Winner, Gold Award

Photo: Collected

Walton Hi-Tech Industries PLC, a prominent electronics company in Bangladesh, has been honored with two prestigious awards – the Overall Winner and Gold Award – by the South Asian Federation of Accountants (SAFA) for its outstandingly presented Annual Report-2022.

Walton Hi-Tech Industries PLC received the esteemed 'SAFA Gold Award' in the manufacturing category.

Additionally, the Bangladeshi tech giant was recognized as the 'Overall Winner' in the SAFA 'Best Presented Annual Report Awards, Integrated Reporting Award, and SAARC Anniversary Award for Corporate Governance Disclosure in 2022.

Walton received the SAFA award in 2021 as well.

Noteworthy is the fact that SAFA, established in 1984, is committed to enhancing transparency, accountability, and governance for companies in the South Asian region. It represents countries such as Bangladesh, India, Maldives, Nepal, Pakistan, Sri Lanka, and Afghanistan.

Md Rafiqul Islam, FCS, senior executive director and company secretary of Walton Hi-Tech Industries PLC, received the awards from SAFA President CA. Nihar N. Jambusaria during a ceremony held at the Institute of Chartered Accountants of India at Hotel Radisson Blue in New Delhi, India, on December 22, 2023.

Among others, Walton’s Senior Executive Director and CFO (Acting) Jakir Hossain Bhuiyan, Deputy Executive Director Md. Sazedul Kabir and Assistant Director Md. Sharif Hossain also attended the event.

In an instant reaction, Rafiqul Islam, said, “This award serves as evidence that Walton conducts its business while upholding transparency and accountability.”

He added that, “By winning this prestigious award, Walton has got an inspiration to move forward.

"This award has expanded our duties and responsibilities, inspiring us to propel forward in alignment with Walton's vision of becoming one of the world’s top-ranking electronics brands by 2030."

Previously, Walton also received accolades from ICSB, ICAB, and ICMAB for the best presented Annual Report in 2022.