2025-09-04: Cont-2 Board endorses the MoU regarding proposed merger of WDIL and WHIPLC

WALTONHIL:(Cont-2) The company also informed that the specific terms and conditions of the merger shall be finalized and agreed upon in the Definitive Agreement. This strategic merger is expected to create substantial competitive advantage for WHIPLC through vertical integration, thereby enhancing its product portfolio with laptops, desktop PCs, printers, mobiles, Printed Circuit Boards (PCB), IT accessories, electric bikes, and more. The business rationale is underpinned by key synergies and benefits, including Cost and operational synergies, Technological and innovation synergies, Market expansion and strengthened competitive positioning.(end)