Resignation of Mr. Sunil Chandra from the post of Managing-Director and CFO of the Company w.e.f. 18.06.2025.
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Mr. Sunil Chandra (DIN: 01066065) has resigned from both his roles as Managing Director and Chief Financial Officer of Scan Projects Ltd, effective June 18, 2025, citing personal reasons. He will, however, continue to serve on the Board as a non-executive Director. The company has not yet announced a replacement for either role, and Mr. Sunil Chandra also holds directorships in Christian Pfeiffer India, Chanderpur Industries, and Chanderpur Renewal Power Company. The board now has 6 members, including Whole-time Director Akshay Chandra and Non-Executive Director Prakriti Chandra, suggesting a possible family-led transition.
Losing both the MD and CFO simultaneously can create short-term leadership and financial oversight gaps, which may concern investors. However, since Mr. Sunil Chandra remains on the board, continuity in strategic direction is partially maintained. Shareholders should watch for announcements on permanent replacements.