Outcome of EGM of Scan Projects Limited as held on Tuesday, 06th day of May, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Scan Projects Ltd held its Extraordinary General Meeting on Tuesday, May 6, 2025, from 4:00 PM to 5:50 PM at its registered office in Yamuna Nagar, Haryana. Seven members attended in person, and all five directors, including MD & Chairman Sunil Chandra, were present. Two special resolutions were passed by shareholders with the requisite majority: (1) approval to increase the company's overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and (2) approval to make investments, give loans, guarantees, and provide security in excess of the limits specified under Section 186 of the Companies Act, 2013. E-voting was conducted via CDSL from May 3 to May 5, 2025, with Mr. Jai Prakash Jagdev acting as scrutinizer. The company previously operated as Ambala Cements Limited and trades on BSE under scrip code 531797.
Shareholders have given the company wider room to raise debt and deploy capital through investments, loans, and guarantees beyond existing statutory caps. This often signals plans for expansion, acquisitions, or new business activity, and may also lead to higher leverage going forward.