Scan Projects Ltdhas 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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Awaiting price reaction for this filing.
Scan Projects Ltd has called a Board meeting on 18 September 2025 to consider and approve a scheme of amalgamation under which Chanderpur Industries Private Limited (Transferor) will merge into Scan Projects Ltd (Transferee/listed entity). This is a re-approval of a merger proposal that was originally approved by the Board on 12 November 2024, but the earlier application for a No Objection Certificate from SEBI under Regulation 37 was subsequently withdrawn. The Board will also review the Valuation Report, Fairness Opinion, and accounting treatment certificate, and authorize filing of the scheme with the NCLT Chandigarh Bench and other regulators. The trading window for insiders has been closed from 11 September 2025 and will reopen on 21 September 2025.
If approved, Scan Projects will absorb Chanderpur Industries Private Limited, potentially expanding its business scale, but shareholders should watch for the final swap ratio and NCLT approval. The stock is likely to see some volatility as the trading window remains closed until after the board decision.