Scan Projects Limited reported revenue from operations of Rs.1568.75 Lacs for FY26, up from Rs.1193.97 Lacs in FY25, with profit after tax rising to Rs.71.45 Lacs from Rs.58.51 Lacs.

The company has convened its 34th Annual General Meeting on Monday, September 28, 2026, at 3:00 PM at its registered office at Village Kanjnu, Tehsil Radaur, Distt. Yamuna Nagar-135133, Haryana. The notice, dated September 2, 2026, was filed with BSE Limited under reference SCAN/BSE/COM/028/2026-27.

Financial Performance: FY26 vs FY25

The Directors' Report presents the following financial highlights for the year ended March 31, 2026, compared with the previous year.

The Managing Director's speech noted approximately 28% growth in sales volume in FY26, driven by strong performance in North and North-Eastern India. The Board has not recommended any dividend for FY26, and no amount has been transferred to general reserves. The surplus of Rs.214.40 Lacs is to be retained in the profit and loss account.

Strategic Merger with Chanderpur Industries

The Board of Directors, at its meeting held on September 18, 2025, approved a Scheme of Merger of Chanderpur Industries Private Limited (the Transferor Company) with Scan Projects Limited (the Transferee Company), pursuant to Sections 230 to 232 of the Companies Act, 2013. The company has received no-objection letters from BSE Limited and SEBI under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has filed an application with the National Company Law Tribunal (NCLT) seeking necessary approvals. Pending receipt of all approvals, the Scheme has not been given effect in the standalone financial statements for the year ended March 31, 2026. Merger scheme expenses of Rs.1434216.00 were incurred during the year.

AGM Business and Resolutions

The 34th AGM will transact the following business:

Ordinary Business:

• Adoption of audited financial statements for the year ended March 31, 2026
• Re-appointment of Mr. Akshay Chandra, Director retiring by rotation
• Re-appointment of M/s Subhash Sajal & Associates, Chartered Accountants (Firm Registration No. 018178N) as statutory auditors for the year ended March 31, 2027

Special Business:

• Approval of material related party transactions under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015

The register of members and share transfer books will remain closed from September 22, 2026 to September 28, 2026 (both days inclusive). Remote e-voting will be available from September 25, 2026 (10:00 AM) to September 27, 2026 (5:00 PM), facilitated through NSDL. The cut-off date for determining eligible shareholders for e-voting is September 21, 2026.

Related Party Transactions

Shareholder approval is sought for the following related party transactions per financial year (Rs. in Lacs):

All four entities are classified as Associate Concerns. All transactions are on an arm's length basis and in the ordinary course of business.

Market Capitalisation and Shareholding

The company's market capitalisation rose from Rs.1054.00 Lacs as on March 31, 2025 to Rs.2299.00 Lacs as on March 31, 2026, a change of (+)118%. Promoter shareholding declined from 64.04% at the beginning of FY26 to 44.95% at year-end, with certain promoters including Mr. Sunil Chandra, Ms. Kavita Chandra, Ms. Alka Chandra, and Ms. Nirmal Gupta selling stakes in the open market during the year. Total paid-up equity share capital remained unchanged at 2873300 shares of Rs.10 each.

The company's shares are listed on Bombay Stock Exchange Limited. The basic and diluted earnings per share for FY26 stood at Rs.2.49, compared to Rs.1.99 in FY25. The secretarial audit report for the year ended March 31, 2026, issued by M/s Bhanu Pratap Singh & Associates (COP No. 22144), contains no qualification, reservation, or adverse remark.

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.