Scan Projects Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/09/2025 ,inter alia, to consider and approve Consider and approve the merger ....
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The Board of Directors of Scan Projects Ltd, at its meeting on September 18, 2025, approved a scheme of merger between Scan Projects Limited (Transferee Company) and Chanderpur Industries Private Limited (Transferor Company). The Board also took on record the Valuation Report, Fairness Opinion Report, and CA Certificate required for the merger process. Additionally, BSE was approved as the Designated Stock Exchange (DSE) to coordinate with SEBI for obtaining approval under Regulation 37 of the SEBI LODR. The meeting was held from 2:00 p.m. to 3:00 p.m. A separate detailed disclosure letter will be sent to BSE regarding the merger.
This is a material corporate action where Scan Projects is set to absorb Chanderpur Industries. Shareholders should watch for the share swap ratio and detailed terms in the forthcoming disclosure, as the merger is still subject to SEBI and other regulatory approvals before becoming effective.