Scan Projects Ltd — Important, 19-09-2025: Company Update

Scan Projects Ltd's board has approved a merger plan with Chanderpur Industries Private Limited. This strategic move aims to combine resources, boost operational efficiency, and expand market share. The merger is expected to strengthen Scan Projects' capabilities in critical sectors like Oil & Gas, Petrochemicals, Defence, and nuclear industries, leveraging Chanderpur Industries' advanced manufacturing facilities. For every one share of Chanderpur Industries, its shareholders will receive three shares of Scan Projects. This amalgamation is set to create substantial value for all stakeholders through improved profitability and long-term growth.