Merger process between Walton Hi-Tech Industries PLC and Walton Digi-Tech Industries Limited 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, in Company Matter No 318/2026, said a press release.

Following this, Walton Hi-Tech’s 50th board meeting on Saturday finalised the next timeline for the merger process.

According to a price sensitive information disclosure published by the company on the day, May 4 this year has been set as record date to obtain shareholders’ approval.

In addition, an extraordinary general meeting will be held on May 21, 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 was signed between Walton Hi-Tech Industries and Walton Digi-Tech Industries.

On the same day, the 46th board meeting of Walton Hi-Tech approved the merger-related agreement.

As per the release, stakeholders believed that once implemented, the merger will significantly strengthen Walton Hi-Tech’s product line.