Resignation of Mr Sunil Chandra from the post of Chief Financial Officer of the Company w.e.f 18.06.2025.
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Mr. Sunil Chandra (DIN: 01066065) has resigned from the positions of Managing Director and Chief Financial Officer of Scan Projects Ltd with effect from June 18, 2025, citing personal reasons. He will, however, continue to serve on the Board as a Director. The company has simultaneously lost both its MD and CFO roles, which were held by the same person, though three independent directors (Mr. Jawahar Lal, Mr. Ashok Kamboj, Mr. Deepak Sharma) and Whole-time Director Mr. Akshay Chandra remain on the board. The resignation has been filed under SEBI LODR Regulation 30, and the company is required to file e-form DIR-12 with the Registrar of Companies.
Shareholders should note a significant leadership gap: the company has lost both its Managing Director and CFO in a single departure. While Mr. Akshay Chandra (Whole-time Director) provides some operational continuity, the absence of a CFO may create short-term uncertainty around financial reporting and governance. The stock may see mild negative sentiment until replacement appointments are announced.