Checkpoint Trends Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated October 4, 2025, providing significant modifications to its fundraising plans. The EGM is scheduled for October 27, 2025, at 4:00 PM via video conferencing.

Key Modifications

The corrigendum outlines changes to two major fundraising initiatives:

1. Preferential Issue of Convertible Warrants: Worth Rs. 170.00 crores
2. Qualified Institutions Placement (QIP): Worth Rs. 500.00 crores

Fund Utilization

The company has provided a detailed breakdown of how the funds from both issues will be utilized:

Timeline and Monitoring

Checkpoint Trends expects to utilize the entire proceeds within 12 months from the receipt of funds. The company has appointed Acuite Ratings & Research Limited as the monitoring agency for both issues, as required by SEBI regulations for issues exceeding Rs. 100.00 crores.

Allottees and Pricing

The corrigendum lists 14 non-promoter allottees for the warrant issue. Additionally, it adjusts a price reference from Rs. 40.01 to Rs. 45.01, though the context of this adjustment is not specified in the provided information.

Regulatory Compliance

The company has emphasized that if any allottees trigger regulations requiring an Open Offer under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, they will be legally bound to comply with these requirements.

Flexibility in Fund Allocation

Checkpoint Trends' Board of Directors retains the discretion to reallocate funds between the stated objectives based on business requirements, subject to compliance with applicable laws. This flexibility allows for a +/- 10% deviation in the specified amounts for each objective.

The corrigendum serves as an integral part of the original EGM notice, providing crucial updates and clarifications to shareholders and other stakeholders. It underscores the company's commitment to transparency and regulatory compliance in its fundraising efforts.

Checkpoint Trends Limited , a company listed on the Bombay Stock Exchange (BSE: 531099), has announced ambitious plans to raise Rs. 670.00 crore through two separate fundraising initiatives. The company's Board of Directors has approved the issuance of convertible warrants worth Rs. 170.00 crore on a preferential basis and equity shares through a Qualified Institutions Placement (QIP) for up to Rs. 500.00 crore.

Convertible Warrants Issuance

The company plans to issue convertible warrants worth Rs. 170.00 crore to 14 non-promoter entities. Key details of this issuance include:

• Number of Warrants: Approximately 3,84,61,539 warrants
• Conversion Ratio: Each warrant is convertible into one equity share
• Conversion Period: 18 months from the date of allotment

Notable allottees and their approximate warrant allocations include:

It's worth noting that Pradeep Kumar and Shubham Chaudhary, both whole-time directors of the company, are among the allottees.

Qualified Institutions Placement (QIP)

In addition to the convertible warrants, Checkpoint Trends Limited has approved the issuance of equity shares through a QIP for up to Rs. 500.00 crore. The QIP will be conducted in accordance with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Regulatory Approvals and Next Steps

Both fundraising proposals are subject to shareholder and regulatory approvals. The Board has also approved the notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for these initiatives.

Management Commentary

Pradeep Kumar, Whole-time Director of Checkpoint Trends Limited, signed off on the company's disclosure to the BSE, indicating management's commitment to these fundraising plans.

Market Impact

These fundraising initiatives, if successful, will significantly bolster Checkpoint Trends Limited's financial position. The influx of capital could potentially be used for expansion, debt reduction, or other strategic initiatives, which may impact the company's future growth prospects.

Investors and market watchers will be keenly observing the outcome of the EGM and the subsequent steps in the fundraising process. The successful completion of these initiatives could potentially influence the company's stock performance and market perception in the coming months.