Walton Hi-Tech, Digi-Tech merger process advances following High Court directive; EGM set for May 21

The merger process between Walton Hi-Tech Industries PLC, a listed engineering-sector electronics giant in the capital market, and Walton Digi-Tech Industries Limited, one of the country’s leading technology product manufacturers and marketers, has entered a new phase.

The High Court Division of the Supreme Court of Bangladesh issued necessary procedural directives in this regard on April 9, 2026, in Company Matter No. 318/2026. Following this, the 50th meeting of Walton Hi-Tech’s Board of Directors, held on April 11, 2026, finalized the next timeline for the merger process, according to a media release. 

According to a price sensitive information (PSI) disclosure published by the company on Saturday (April 11, 2026), May 4 this year has been set as the record date to obtain shareholders’ approval.

In addition, an Extraordinary General Meeting (EGM) will be held on May 21, 2026 (Thursday) on a digital platform. The consent of creditors will also be considered as part of the process.

However, the proposed merger will be subject to approval from shareholders and creditors, consent from relevant regulatory authorities, and final approval from the High Court Division.

The foundation for this merger was established on September 3, 2025, when a Memorandum of Understanding (MoU) was signed between Walton Hi-Tech Industries PLC. and Walton Digi-Tech Industries Limited.

On the same day, the 46th Board Meeting of Walton Hi-Tech approved the merger-related MoU.

Stakeholders believe that once implemented, the merger will significantly strengthen Walton Hi-Tech’s product line. Currently, Walton Digi-Tech manufactures and markets 123 types of high-tech products and accessories, including laptops, computers, printers, mobile phones, printed circuit boards (PCBs) and electric bikes. The company has established the country’s only mobile phone and PCB manufacturing plants.

Through the merger, these products will be integrated into Walton Hi-Tech’s business portfolio, which is expected to expand market reach, enhance operational efficiency, and reduce operating costs. In general, the merger is perceived as a strategic and timely initiative for the electronics and high-tech manufacturing sector of Bangladesh.

Financially, both companies are in strong positions. For the fiscal year ended June 30, 2025, Walton Digi-Tech reported a paid-up capital of BDT 30 crore, net revenue of BDT 915.80 crore and profit after tax of BDT 4.09 crore. In contrast, Walton Hi-Tech reported a paid-up capital of BDT 302.93 crore, net revenue of BDT 7,082.25 crore and profit after tax of BDT 1,036.62 crore during the same period.

Walton Hi-Tech currently manufactures, markets, and exports a wide range of home and electrical appliances, including refrigerators, compressors, air conditioners, televisions, elevators, fans, cables, and washing machines.

According to industry insiders, Walton Digi-Tech has earned a strong reputation in both local and international markets as a leading manufacturer, marketer, and exporter of IT-based technology products. A merger with such a company is expected to further expand Walton Hi-Tech’s business and deliver benefits to investors.

On the other hand, Walton Hi-Tech is recognized in the capital market as a compliance-driven, fundamentally strong, and investor-trusted company; the merger is anticipated to further fortify its business foundation, the release adds.