Scan Projects Sparks Confusion: Sunil Chandra’s Reappointment Raises Eyebrows After Recent Exit

In a surprising twist, Scan Projects Ltd has reportedly reappointed Sunil Chandra as Managing Director and Chief Financial Officer, just weeks after his resignation from both roles on June 18, 2025. The development, if confirmed, marks a dramatic reversal in leadership strategy and has left market watchers puzzled.

 

Chandra, who had served as MD since 1992 and CFO since 2019, stepped down citing personal reasons, according to filings dated June 23. However, the company’s official website and recent board disclosures continue to list him as both Managing Director and CEO, suggesting either a swift reinstatement or a delay in updating regulatory records.

 

Key Highlights:

 

Sunil Chandra resigned as MD and CFO effective June 18, 2025, as per BSE filings.

Despite the resignation, he is still listed as Managing Director and CEO on the company’s official site.

No fresh regulatory filing has confirmed a formal reappointment as of July 2, 2025.

The company has not issued a clarification regarding the leadership status, fueling speculation.

Chandra’s long-standing association with Scan Projects spans over three decades, making him a central figure in its operations and strategy.

The leadership ambiguity comes amid broader executive reshuffles and a reverse merger deal with Chanderpur Industries.

 

Until an official update is filed with the exchanges, the status of Chandra’s role remains unclear—raising questions about governance transparency at the engineering services firm.

 

Sources: MarketScreener, Scan Projects Ltd official site, Rediff MoneyWiz