Scan Projects Ltd — Dividend/Bonus, 03-07-2025: Corp. Action

Scan Projects Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company’s 33rd Annual General Meeting will be held at its registered office, where key agenda items include approval of the Annual Report, re-appointment of a director, and appointment of auditors. Sunil Chandra has been appointed Managing Director for five years with remuneration as approved. Related party transactions with associate concerns (Chanderpur group companies and Christian Pfeiffer India) have been approved, involving sales, services, lease rent, and loans totaling several crores. Mr. Deepak Sharma has been appointed as an Independent Director for five years.

Financially, revenue from operations rose to Rs. 1194 Lacs from Rs. 799 Lacs, driven by growth in engineering services and trading activities. Net profit after tax jumped to Rs. 58.5 Lacs from Rs. 5.6 Lacs, supported by higher sales volume (+33%), increased order book, and stringent provisioning on doubtful advances. No dividend was declared. The company continues to focus on growth in Northern and North-Eastern India, with plans to expand sales and improve stakeholder value. Corporate governance practices are in place with a strong board mix and audit committee oversight. Internal financial controls are effective and have been certified by auditors. The company maintains adequate liquidity, with borrowings repaid and lease liabilities managed prudently. Key risks include credit exposure to trade receivables and dependency on related parties, but expected credit losses are provided.

Overall, Scan Projects reported improved operational and financial performance on a stable equity base, signaling confident outlook and steady execution in core engineering services and trading segments.