Scan Projects Without Its Captain—What Comes After Chandra’s Exit?

Image Source: Trading View

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:

Dual Exit: Chandra’s departure from both MD and CFO roles signals a significant leadership change at the top.
Effective Date: The resignation takes effect from June 18, as per the company’s filing with the stock exchange.
Regulatory Filing: The announcement was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), confirming compliance with corporate governance norms.
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.
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