Outcome of BOD held on 23.06.2025 of M/s scan projects limited for considered and accepted resignation from the position of MD and CFO and appointment of Secretarial auditor and Internal ....
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Scan Projects Ltd informed BSE that its board, meeting on June 23, 2025, accepted the resignation of Mr. Sunil Chandra (DIN 01066065) from the positions of Managing Director and Chief Financial Officer, effective June 18, 2025. The same individual held both senior roles, meaning the company has lost its MD and CFO simultaneously without any replacement named so far. Separately, the board appointed Mr. Sanjeev Bhatia as Internal Auditor for FY 2025-26 and Mr. Vishal Gupta and Associates as Secretarial Auditor for FY 2024-25. These auditor appointments are routine annual compliance items. The meeting lasted just 30 minutes (4:15 PM to 4:45 PM).
The simultaneous exit of both the MD and CFO from a small-cap company is a notable governance event — investors should watch for a quick replacement announcement, as a prolonged leadership vacuum can hurt operations and investor confidence. The auditor appointments are routine and have no material impact on the stock.