Project Reset—Scan’s MD & CFO Sunil Chandra Bids Adieu

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Scan Projects Ltd (BSE: 531797) has announced the resignation of Mr. Sunil Chandra as Managing Director and Chief Financial Officer, with effect from June 18, 2025. The decision is a critical leadership re-shuffle for the engineering services company, which has been continuously expanding its footprints in cement plant machinery and infrastructure solutions.

1. Official Announcement

The resignation was disclosed in a SEBI filing under Regulation 30 of LODR norms, confirming that Mr. Chandra has resigned from both the posts with immediate effect.
No reason was mentioned in the filing, and no successor has yet been announced by the company.

2. About Sunil Chandra

A visionary leader at Scan Projects, Chandra has been instrumental in guiding the company's strategic initiatives since its founding as Ambala Cements Ltd.
His era saw the company expanding from cement production to engineering procurement and construction (EPC) solutions with a focused focus on cement plant machinery and turnkey projects.

3. What's Next for Scan Projects?

The board will meet soon to consider leadership succession and business continuity.
Shareholders and investors will keenly await updates on interim management structures and the future strategy of the company.

Sources: Rediff Money, Screener, Scan Projects