Announcement under Regulation 30 SEBI (LODR) in relation to Merger between Chanderpur Industries Pvt Ltd and Scan Projects Ltd order of 01st Motion Application received from NCLT Chandigarh Bench.
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Scan Projects Ltd has received an order from the NCLT Chandigarh Bench dated 21.05.2026 for the First Motion Application related to a proposed Scheme of Amalgamation/Merger. Under this scheme, Chanderpur Industries Pvt Ltd (Transferor Company) will merge into Scan Projects Ltd (Transferee Company) along with their respective shareholders and creditors. The NCLT has dispensed with the requirement for shareholder meetings of the Transferor Company and creditor meetings of both companies. However, a meeting of equity shareholders of Scan Projects Ltd is still required, to be held via VC/OAVM or physical mode on a date to be decided.
This is an early-stage regulatory step in the merger process. Shareholders should note that the scheme is still pending final NCLT approval and shareholder nod. Further filings on swap ratios, open offer obligations, and final NCLT sanction are expected.