Scan Projects Limited has scheduled an Extraordinary General Meeting (EGM) on Saturday, July 18, 2026, at 11:30 AM to seek shareholder approval for the merger of Chanderpur Industries Private Limited with and into the company. The meeting, convened pursuant to an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, will be held in hybrid mode via physical presence at Village Kanjnu, Radaur Road, Distt. Yamuna Nagar and through video conferencing.

The board approved the draft notice and logistical arrangements during a meeting held on June 9, 2026. The notice was dispatched to shareholders on Friday, June 12, 2026. Ms. Kannopriya Gupta, Advocate, has been designated as the Chairperson of the EGM, while Mr. Gurvinder Singh Sarin, a Practising Company Secretary, will serve as the Scrutinizer.

The board established Saturday, July 11, 2026, as the cut-off date to determine shareholder eligibility for voting. Remote e-voting will commence on Wednesday, July 15, 2026, at 10:00 AM and conclude on Friday, July 17, 2026, at 05:00 PM. The trading window for dealing in the equity shares of Scan Projects remains closed until 48 hours after the board meeting outcome is uploaded to the BSE portal.

The proposed Scheme of Arrangement (Merger) involves a share exchange ratio of 3:1, wherein each shareholder of the Transferor Company will receive three equity shares of Scan Projects Limited for every one equity share held. The appointed date for the scheme is April 01, 2026. Upon the scheme becoming effective, the name of the Transferee Company will automatically change to "Chanderpur Industries Limited".

EGM Key Details

The National Company Law Tribunal (NCLT), Chandigarh Bench, has passed an order dated May 21, 2026, approving the first motion application for the proposed scheme of amalgamation between Chanderpur Industries Private Limited and Scan Projects Limited . The order allows the merger of the transferor company, Chanderpur Industries Private Limited, with and into the transferee company, Scan Projects Limited, subject to the approval of the latter's equity shareholders.

The tribunal has directed that a meeting of the equity shareholders of Scan Projects Limited be convened in a hybrid mode, incorporating physical presence and video conferencing. The specific date, time, and venue for this meeting will be decided by the company in consultation with the appointed Chairperson. Ms. Kannopriya Gupta has been appointed as the Chairperson with a remuneration of ₹1,00,000 plus applicable taxes, while Sh. Gurvinder Singh Sarin has been appointed as the Scrutiniser with a remuneration of ₹75,000 plus applicable taxes.

As per the scheme details, the appointed date for the amalgamation is April 1, 2026. Upon the scheme becoming effective, shareholders of Chanderpur Industries Private Limited will receive three equity shares of Scan Projects Limited for every one equity share held. This share exchange ratio was determined based on a Joint Valuation Report dated September 18, 2025, and a Joint Fairness Opinion issued by Master Capital Services Limited.

The NCLT has dispensed with the requirement to convene meetings for the equity shareholders of the transferor company, as well as the secured and unsecured creditors of both the transferor and transferee companies. This decision was based on the submission of written consent affidavits representing 100% of the value and number of these stakeholders. The transferee company is required to issue and dispatch notices to equity shareholders at least one month before the date of the meeting.

Share Capital Structure

As of December 31, 2025, the share capital structures of the involved entities were as follows:

The order, bearing reference CA(CAA) No. 7/Chd/Hry/2026, was delivered by the Judicial Member Sh. Khetrabasi Biswal and Technical Member Sh. Shishir Agarwal. The tribunal has granted liberty to the applicant companies to file the second motion petition after the shareholder meeting has been convened and its results placed on record.