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ZenaTech demands Boardwalktech hold 2026 AGM, citing governance failures and regulatory breaches.

Market News
20 Oct 2026
Newsfile Corp
View Source
Bearish
ZenaTech demands Boardwalktech hold 2026 AGM, citing governance failures and regulatory breaches.

ZenaTech, holding nearly 20% of Boardwalktech shares, has formally requested regulatory intervention after Boardwalktech scheduled a special meeting in January 2027 but failed to call its mandatory 2026 annual general meeting (AGM). ZenaTech accuses Boardwalktech's board of poor governance, lack of independence, and non-compliance with securities laws, including improper management salaries amid financial struggles. ZenaTech seeks to replace the current board, restore proper governance, and ensure shareholder rights by compelling an immediate AGM and halting extraordinary transactions until compliance is met. This conflict highlights significant governance and financial issues at Boardwalktech, with potential regulatory and legal actions pending.

Regarding the open letter from ZenaTech to Boardwalktech shareholders about governance issues, here is Pluang's Technology sector market snapshot as of Oct 21, 2026 03:11 WIB: Of 150 priced US Technology stocks, 108 rose and 40 fell today. Notable movers include SMCI at USD 36.27 with a +12.99% change and 87% buy order activity, BB at USD 8.85 up +8.46% but with 99% sell orders, and MNDY at USD 100.64 rising +7.73% with 100% sell orders. The most notable figure is SMCI's +12.99% daily gain.

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