Scan Projects Limited is moving forward with its merger with Chanderpur Industries Private Limited. Shareholders will vote on the scheme of arrangement at an EGM on July 18, 2026. The combined entity will be renamed Chanderpur Industries Limited.

Scan Projects to Merge with Chanderpur Industries; Rebrands

Scan Projects Limited will merge with Chanderpur Industries Private Limited, with the combined entity to be renamed Chanderpur Industries Limited. Shareholders are set to vote on the Scheme of Arrangement at an Extra-ordinary General Meeting (EGM) on July 18, 2026.

Reader Takeaway: Merger to simplify structure and boost capabilities; shareholders vote on July 18, 2026.

What just happened

Scan Projects Limited, the transferee company, has called for an EGM to seek shareholder approval for its merger with Chanderpur Industries Private Limited, the transferor company. Chanderpur Industries will be dissolved without liquidation as part of the scheme.

The meeting is scheduled for July 18, 2026, at 11:30 AM and will be held in a hybrid format, allowing participation physically and via video conferencing.

Why this matters

This merger is a strategic move to consolidate operations, streamline the corporate structure, and achieve operational synergies. Management expects to reduce overheads, improve economies of scale, and enhance market competitiveness by integrating Chanderpur Industries' manufacturing assets. The shared promoter base also aims to align long-term business goals.

For investors, the outcome of the EGM is crucial. The share exchange ratio and the subsequent rebranding are key points to monitor.

The backstory

Scan Projects Limited has an authorised capital of ₹6 crore and a paid-up capital of ₹2.87 crore. It also has unsecured creditor dues of approximately ₹1.41 crore. Chanderpur Industries Private Limited has an authorised capital of ₹6 crore and a paid-up capital of ₹1.13 crore, with unsecured creditor dues around ₹17.12 crore.

What changes now

Following the shareholder approval at the EGM, the scheme will require final sanction from the National Company Law Tribunal (NCLT), Chandigarh Bench. Upon effectiveness, Scan Projects Limited will be renamed Chanderpur Industries Limited.

The share exchange ratio has been set at 3 shares of Scan Projects Limited for every 1 share held in Chanderpur Industries Private Limited.

Risks to watch

Potential integration challenges and short-term operational adjustments during the merger implementation phase have been acknowledged by the company.

The scheme is also subject to the final approval from the NCLT, which is a critical regulatory hurdle.

Peer comparison

While specific peer data was not provided in the filing, industry consolidation trends often involve companies seeking scale and efficiency. Mergers in the industrial sector aim to leverage complementary strengths.

Context metrics

• EGM Date: July 18, 2026
• Appointed Date: April 01, 2026
• Share Exchange Ratio: 3 Scan Projects shares for 1 Chanderpur Industries share
• Authorised Capital (Both Companies): ₹6 crore each
• Paid-up Capital (Scan Projects): ₹2.87 crore
• Paid-up Capital (Chanderpur Industries): ₹1.13 crore

What to track next

Investors should closely follow the EGM proceedings and the voting outcome. Subsequent updates regarding the NCLT approval process and the effective date of the merger will be critical. Monitoring the financial performance of the combined entity post-merger will also be important.