Application for Merger has been uploaded before Hon. NCLT Bench Chandigarh
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Scan Projects Ltd (formerly Ambala Cements Limited) has filed a joint company petition with the NCLT bench in Chandigarh on March 11, 2026 for a proposed merger. Under the scheme, Scan Projects is the transferee company and Chandrapur Industry Private Limited is the transferor company being merged into it. The merger scheme was first approved by the boards of both companies on September 18, 2025. The NCLT case reference number is 0404116/00574/2026. The company has made this disclosure under Regulation 30 of SEBI's listing obligations.
This is an early procedural step in the merger process, and the stock may see limited immediate reaction. Shareholders should watch for upcoming NCLT hearings, the announcement of the share swap ratio, and any required shareholder or creditor approvals before the merger is finalised.