Application for Merger has been uploaded before Hon. NCLT Bench Chandigarh
M&A
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 12 Mar 2026, 06:02 PM IST · BSE ID: 3523d0f7-d5cc-4d6f-bbb2-26783f0fd545
View Original BSE Filing (PDF)
🤖 AI Summary
- Scan Projects Limited (transferee company) has filed a joint merger petition with the National Company Law Tribunal (NCLT) Chandigarh bench against Chandrapur Industry Private Limited (transferor company). The merger scheme was approved by the board of directors of both companies on 18 September 2025. The application was uploaded to NCLT Chandigarh on 11 March 2026 under case number 0404116/00574/2026. The filing is a regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements Regulations 2015, Regulation 30. No deal value or financial details are disclosed in this intimation notice.
🔢 Key Numbers — exact figures from BSE filing, not rounded
NCLT Application/Case Number
0404116/00574/2026
Board approval date (both companies)
18 September 2025
NCLT petition filing date
11 March 2026
BSE Filing date
12 March 2026
👁 Watch List — track these upcoming events
NCLT Chandigarh hearing schedule and interim orders on merger petition
Scheme of Merger document filed with NCLT containing deal terms and economics
Shareholder meetings announcement for voting on merger scheme approval
MEDIUM RISK
NCLT rejection or substantial conditions risk merger completion. No financial metrics provided to assess merger viability or integration complexity.
⚖️ Strengths & Concerns
⚠️ Concerns
- No merger consideration amount, asset details, or equity swap ratio disclosed in filing.
- NCLT approval status remains pending; merger completion timeline not specified in notice.