Intimation for re constitute of Audit Committee of the Company
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Scan Projects Ltd has reconstituted its Audit Committee following the death of Independent Director Mr. Ashok Kamboj. Mr. Deepak Sharma, a Non-Executive Independent Director, has been inducted as a new member of the committee in his place. The reconstitution was approved via a Board Resolution passed on May 24, 2025. The reconstituted committee now comprises Mr. Jawahar Lal (Chairperson), Ms. Prakriti Chandra, Mr. Deepak Sharma, and Mr. Amit Bhatia, all Non-Executive Directors with three of them being Independent Directors. The change was made to comply with Section 177 of the Companies Act, 2013 and SEBI Listing Regulations.
This is a routine governance update with minimal impact on shareholders or stock price, as the committee continues to have a majority of independent directors as required by regulations.