Hi Shanmugavel,
As David said in the first posts of this thread, all configuration files from TC project cannot be merged easily and reliably. That is why the recommended way for TestComplete is to organize the work in such a way that there is no need to work on the project concurrently.
In your case you can create a screenshot of the objects from the Stores for the project opened on the second machine, copy all needed objects to the first machine, close the project on the second machine and open it on the first machine and add the missed objects. After that delete the project from the second machine and use only project from the first machine (open it using network path if needed to open it from the second machine).
