Scan Projects Limited held its 34th Annual General Meeting on September 28, 2026, at its registered office in Yamuna Nagar. All resolutions proposed in the notice dated September 2, 2026, were passed by shareholders with the requisite majority.

The meeting commenced at 3:00 pm and concluded at 3:40 pm. Mr. Sunil Chandra, Managing Director and Chairman, chaired the session. Four directors were present, including Whole Time Director Akshay Chandra and Independent Directors Jawahar Lal and Amit Bhatia. Nine members attended physically, while remote e-voting facilities were provided via NSDL from September 25 to September 27, 2026.

Key resolutions approved

Shareholders adopted the audited financial statements for the financial year ended March 31, 2026. This included the Balance Sheet, Statement of Profit and Loss, Cash Flows, and Statement of Changes in Equity. The Board’s report and the Auditors’ report were also considered and adopted as an Ordinary Resolution.

Mr. Akshay Chandra, who retired by rotation at this meeting, was re-appointed as a director. As he was eligible and offered himself for re-appointment, this was also passed as an Ordinary Resolution.

Auditor appointment

The company appointed M/s Subhash Sajal & Associates, Chartered Accountants, Yamuna Nagar, as statutory auditors for the year ending March 31, 2027. The firm, with Registration No. 018178N, retired on the date of the AGM and was eligible for re-appointment. The remuneration for the auditors was fixed by the shareholders.

Related party transactions

A Special Resolution was passed to approve material transactions with related parties for the financial year 2026-27. This approval ensures compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding ongoing related-party dealings.

The meeting adhered to the provisions of the Companies Act, 2013, and relevant MCA and SEBI circulars. Mr. Bhanu Pratap Singh served as the scrutinizer for the voting process, ensuring fair and transparent scrutiny of votes cast through remote e-voting and postal ballot.

Scan Projects Limited reported revenue from operations of ₹1568.75 Lacs for FY26, up from ₹1193.97 Lacs in FY25. Profit after tax rose 22% to ₹71.45 Lacs from ₹58.51 Lacs. The company convened its 34th Annual General Meeting on September 28, 2026, at its registered office in Yamuna Nagar, Haryana.

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 ₹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 ₹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 (₹ 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 ₹1054.00 Lacs as on March 31, 2025 to ₹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 ₹10 each.

The company's shares are listed on Bombay Stock Exchange Limited. The basic and diluted earnings per share for FY26 stood at ₹2.49, compared to ₹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.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE393D01015/12b206e3-60cc-44a2-a2c6-de9e832dce10.pdf