Scan Projects Ltd has announced the resignation of Sunil Chandra from his roles as Managing Director and Chief Financial Officer, effective June 18, 2025. The move comes as part of a broader leadership transition, though the company has not yet named a successor.
Key Highlights:
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Dual Exit: Chandra’s departure from both MD and CFO roles signals a significant leadership change at the top.
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Effective Date: The resignation takes effect from June 18, as per the company’s filing with the stock exchange.
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Regulatory Filing: The announcement was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), confirming compliance with corporate governance norms.
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No Immediate Replacement: As of now, Scan Projects has not disclosed who will take over the responsibilities or whether an interim leadership structure is in place.
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Market Reaction: While the stock has remained relatively stable, investors are watching closely for updates on succession planning and strategic direction.
Chandra had been associated with Scan Projects for several years, playing a key role in its financial and operational management. His exit raises questions about the company’s next steps and how it plans to navigate this leadership void.
Sources: Rediff Money, BSE India, BlinkX