Intimation under Regulation 30A of SEBI (LODR) 2015, the scheme of Merger has been approved by Board in its meeting held today dt 18.09.2025 between Chanderpur Industries Private Limited( ....
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Scan Projects Ltd's Board, on September 18, 2025, approved a Scheme of Merger under which unlisted Chanderpur Industries Pvt Ltd (Transferor) will merge into listed Scan Projects (Transferee). Chanderpur Industries is in industrial machinery manufacturing (FY25 turnover Rs 60.10 crore, net worth Rs 8.61 crore) while Scan Projects is in servicing and trading of engineering machinery (FY25 turnover Rs 11.94 crore, net worth Rs 5.43 crore). The share exchange ratio is 3 equity shares of Scan Projects (face value Rs 10) for every 1 share of Chanderpur Industries. The merger has an appointed date of April 1, 2026, after which Scan Projects will be renamed 'Chanderpur Industries Limited'. The scheme is subject to NCLT Chandigarh, BSE, SEBI, and shareholder/creditor approvals.
Post-merger, Scan Projects will absorb Chanderpur's larger manufacturing operations across Oil & Gas, Defence, and Nuclear sectors, more than doubling total shares to 62.63 lakh. Promoter holding will jump from 44.95% to 74.75%, while public shareholders will see dilution from 55.05% to 25.25%.