Scan Projects Ltd has advanced its proposed consolidation with Chanderpur Industries Pvt Ltd by filing a second motion petition with the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench. The filing, submitted on July 25, 2026, marks a procedural step in the Scheme of Amalgamation where Scan Projects Ltd acts as the transferee company and Chanderpur Industries Pvt Ltd serves as the transferor company. This development follows the requisite approval from shareholders during an Extra Ordinary General Meeting (EGM) convened on July 18, 2026, signaling continued momentum in the corporate restructuring process.

The company disclosed the filing to BSE Limited on July 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification confirms that the legal framework for the merger is progressing through the judicial approval stages mandated under Indian corporate law. The application carries the online filing number 0404116/01897/2026.

Merger Timeline and Details

The amalgamation process involves specific regulatory milestones and stakeholder approvals. The key dates and entities involved in the transaction are outlined below:

Regulatory Compliance

The disclosure was authorized by Satish Kumar, Company Secretary and Compliance Officer of Scan Projects Ltd. The company emphasized that the information is being furnished to ensure transparency with listed market participants as required by securities regulations. No further financial details or valuation metrics were disclosed in this specific intimation, focusing solely on the procedural status of the tribunal filing.

What This Means

The filing of the second motion is a standard but critical phase in Indian merger transactions, typically seeking the tribunal's sanction for the scheme after initial approvals and creditor consultations are complete. For investors, this indicates that the structural aspects of the deal are moving toward finalization, pending the NCLT's final order.

Scan Projects Limited shareholders have approved the merger of Chanderpur Industries Private Limited with and into the company. The resolution was passed at an Extraordinary General Meeting (EGM) held on July 18, 2026, under the directions of the National Company Law Tribunal (NCLT), Chandigarh Bench.

The meeting was conducted via hybrid mode, allowing physical and online participation. A total of 50 members attended the meeting, comprising 43 physically and 07 online. The proceedings were overseen by Chairperson Ms. Kannopriya Gupta, who was appointed by the NCLT order dated May 21, 2026.

The special resolution sought approval for the scheme of arrangement under Sections 230-232 of the Companies Act, 2013. Remote e-voting facilities were provided by Central Depository Services (India) Limited (CDSL) from July 15, 2026, to July 17, 2026. Ms. Gurvinder Singh Sarin was appointed as the Scrutinizer to ensure the voting process was conducted fairly and transparently.

Key Resolutions

The Scrutinizer will submit a consolidated report of the voting to the Chairperson within three days following the conclusion of the EGM. The meeting commenced at 11:30 A.M. and concluded at 12:00 noon on the same day.