Checkpoint Trends Limited , a company listed on the BSE (Scrip Code: 531099), held an extraordinary general meeting (EGM) on October 27, 2025, where shareholders overwhelmingly approved two significant resolutions. The meeting, conducted virtually, saw active participation from the company's stakeholders.

Key Resolutions Passed

1. Issuance of Convertible Warrants: Shareholders approved the issuance of convertible warrants on a preferential basis. This resolution received near-unanimous support, with 99.99% of votes cast in favor.

2. Qualified Institutions Placement (QIP): The company received approval to raise capital through a QIP for an amount up to Rs 500 crore. This resolution also garnered 99.99% approval from voting members.

Voting Details

Meeting Highlights

• The EGM was conducted through video conferencing, in line with current corporate practices.
• 41 members attended the meeting virtually, including 7 from the promoter/director/KMP category and 34 from the public.
• Mr. Shubham Chaudhary, Whole-Time Director and CFO, chaired the proceedings.
• The company had 2,431 shareholders on the record date of October 20, 2025.
• E-voting was conducted from October 24 to October 26, 2025.

Implications

The strong shareholder support for both resolutions indicates confidence in the company's growth strategies. The approval for issuing convertible warrants on a preferential basis could potentially lead to an increase in the company's equity base in the future. Meanwhile, the authorization to raise up to Rs 500 crore through a QIP provides Checkpoint Trends with significant financial flexibility to fund its expansion plans or strengthen its balance sheet.

These corporate actions suggest that Checkpoint Trends Limited is positioning itself for potential growth opportunities, although specific plans for the use of funds have not been disclosed in the available information.

Investors and market watchers will likely keep a close eye on how the company utilizes these newly approved financial instruments and the impact on its future performance and market position.

Compliance and Transparency

The company has promptly disclosed the voting results and meeting proceedings to the BSE, in compliance with SEBI regulations. This transparency in corporate governance practices is crucial for maintaining investor trust and meeting regulatory requirements.

As Checkpoint Trends Limited moves forward with these approved measures, stakeholders will await further details on the implementation timeline and specific strategies that will be supported by these financial decisions.

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.