Intimation of Trading Window Close from 11th Sep 2025 to 20th Sep 2025
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Awaiting price reaction for this filing.
Scan Projects Ltd has closed its trading window from September 11, 2025 to September 21, 2025 ahead of a Board meeting scheduled on September 18, 2025. The Board will consider and approve a scheme of amalgamation merging Chanderpur Industries Private Limited (Transferor Company) into Scan Projects Limited (Transferee Company). This is a re-consideration of a merger proposal previously approved by the Board on November 12, 2024, which was later withdrawn at the No Objection Certificate stage. The company has prepared a Valuation Report, Fairness Opinion from Master Capital Services Ltd, and an accounting treatment certificate from Subhash Sajal & Associates for the Board's review.
If approved, Chanderpur Industries will merge into Scan Projects, potentially expanding the listed entity's business. The deal is still subject to NCLT (Chandigarh Bench), SEBI, and shareholder/creditor approvals, so it remains an early-stage corporate event. Shareholders should watch for the swap ratio and valuation details once formally announced post-board approval.