Scan Projects Limited has filed a joint company petition with the Hon'ble National Company Law Tribunal (NCLT) for a merger scheme, as disclosed in a regulatory filing dated 12 March 2026. The company has informed BSE Limited about this significant corporate development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Merger Structure and Approval

The merger scheme involves Scan Projects Limited as the transferee company and Chandrapur Industry Private Limited as the transferor company. The proposed merger received approval from the board of directors of both companies during their meeting held on 18 September 2025.

NCLT Filing Details

The application related to the merger has been uploaded with the NCLT bench Chandigarh on 11 March 2026. The case has been assigned application number 0404116/00574/2026. This filing represents a crucial step in the merger process, as NCLT approval is mandatory for corporate mergers and amalgamations in India.

Company Information

Scan Projects Limited, formerly known as Ambala Cements Limited, is headquartered in Yamuna Nagar, Haryana. The company trades on BSE Limited under scrip code 531797 with scrip ID SCANPRO. The regulatory disclosure was signed by Satish Kumar, Company Secretary and Compliance Officer (ACS-24275), ensuring compliance with listing obligations.

Regulatory Compliance

The intimation to BSE Limited demonstrates the company's adherence to regulatory requirements under SEBI's listing regulations. Such disclosures are essential for maintaining transparency with stakeholders and ensuring proper market communication regarding material corporate actions that may impact shareholder interests.

Scan Projects Limited delivered a strong financial performance in Q3 FY26, with the company announcing its unaudited results for the quarter ended December 31, 2025. The results showcase robust growth across revenue and profitability metrics, reflecting the company's operational efficiency and market positioning.

Financial Performance Highlights

The company's financial performance for Q3 FY26 demonstrated significant improvement across key parameters:

The company's total expenditure increased to ₹439.96 lacs from ₹322.31 lacs in Q3 FY25, primarily driven by higher purchase of stock-in-trade (₹188.92 lacs vs ₹185.73 lacs) and significant erection and commissioning charges of ₹126.55 lacs compared to nil in the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Scan Projects maintained its growth trajectory:

Segment-wise Business Performance

The company operates through two distinct business segments, both contributing to the overall growth:

Erection, Commissioning, Supervision & Annual Maintenance Contract:

• Q3 FY26 revenue: ₹217.13 lacs (vs ₹124.62 lacs in Q3 FY25)
• Segment result: ₹26.77 lacs (vs ₹62.46 lacs in Q3 FY25)

Trading Activities:

• Q3 FY26 revenue: ₹252.99 lacs (vs ₹201.29 lacs in Q3 FY25)
• Segment result: ₹10.10 lacs (vs ₹25.88 lacs in Q3 FY25)

Corporate Developments

The Board of Directors approved a significant corporate restructuring initiative involving the merger of Chanderpur Industries Private Limited with Scan Projects Limited. The scheme has received no-objection letters from BSE and SEBI under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company plans to file an application with the National Company Law Tribunal (NCLT) for further approval.

Balance Sheet Strength

The company's financial position remained robust with total assets of ₹875.78 lacs as of December 31, 2025, compared to ₹696.39 lacs in the previous year. Total capital employed increased to ₹603.10 lacs from ₹503.46 lacs, indicating improved capital utilization.

Board Meeting and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 13, 2026. The meeting commenced at 04:20 p.m. and concluded at 04:45 p.m. The company maintained its paid-up equity share capital at ₹287.33 lacs with a face value of ₹10 per share.