Scan Projects Limited is holding an EGM on July 18, 2026, to approve merging Chanderpur Industries Private Limited. The merger aims to streamline operations and consolidate manufacturing, with a 3:1 share exchange ratio. The merged entity will be named Chanderpur Industries Limited.

Scan Projects to Merge with Chanderpur Industries

Scan Projects Limited announced an Extraordinary General Meeting (EGM) on July 18, 2026, to seek shareholder approval for merging Chanderpur Industries Private Limited into Scan Projects. The proposed merger is an intra-group restructuring aimed at consolidating manufacturing and streamlining business operations.

Reader Takeaway: Shareholder approval needed for merger; operational synergies expected.

What just happened

Scan Projects Limited will hold an EGM on July 18, 2026. Shareholders will vote on a Scheme of Arrangement to merge Chanderpur Industries Private Limited into Scan Projects. The merger involves a share exchange ratio of 3 equity shares of Scan Projects for every 1 share of Chanderpur Industries. Post-merger, the combined entity will be known as Chanderpur Industries Limited.

Why this matters

This merger aims to integrate complementary engineering and manufacturing capabilities. Management expects operational synergies, reduced overheads through shared services, and a leaner corporate structure. The combined entity plans to leverage its enhanced production facilities and workforce to better serve the oil & gas, petrochemical, defense, and nuclear sectors.

The backstory

As of March 31, 2025, Chanderpur Industries had an issued capital of ₹1.13 crore, while Scan Projects had ₹2.87 crore. Unsecured creditors for Chanderpur Industries stood at ₹17.12 crore as of February 15, 2026, compared to ₹1.41 crore for Scan Projects. The post-merger authorized capital for the combined entity is planned at ₹12.00 crore.

What changes now

Shareholders will exchange 3 Scan Projects shares for every 1 Chanderpur Industries share they hold. The company's identity will shift to Chanderpur Industries Limited. The primary objective is operational consolidation and leveraging combined resources, rather than a fundamental business model shift.

Risks to watch

The company acknowledges potential risks related to transitional operational adjustments and minor short-term business process disruptions. However, management considers these risks to be minimal and manageable.

Peer comparison

No specific peer comparison was provided in the filing.

Context metrics (time-bound)

• EGM Date: July 18, 2026
• Share Exchange Ratio: 3 Scan Projects shares for 1 Chanderpur Industries share
• Issued Capital (Mar 31, 2025): Chanderpur Industries ₹1.13 crore; Scan Projects ₹2.87 crore
• Unsecured Creditors (Feb 15, 2026): Chanderpur Industries ₹17.12 crore; Scan Projects ₹1.41 crore

What to track next

Investors should monitor the outcome of the EGM on July 18, 2026, and the subsequent steps for the completion of the merger and the rebranding to Chanderpur Industries Limited.