Scan Projects Ltd — Important, 22-05-2026: Company Update

Scan Projects has received an NCLT order for its proposed merger with Chanderpur Industries Pvt Ltd. The tribunal has directed Scan Projects to hold a meeting of its equity shareholders on a future date. Significantly, the NCLT has waived the requirement for meetings of equity shareholders of Chanderpur Industries and all secured and unsecured creditors for both companies. This NCLT approval for the first motion application advances the proposed amalgamation, streamlining the process by removing the need for certain stakeholder approvals, which is a positive step for execution.