Checkpoint Trends Board Approves Director Appointment and Major Corporate Changes

Checkpoint Trends Limited announced the outcomes of its Board of Directors meeting, revealing several major corporate decisions that will reshape the company's structure and operations.

Key Board Decisions

The board meeting addressed multiple strategic initiatives based on recommendations from the Nomination and Remuneration Committee and Audit Committee meetings.

Director Appointment and Committee Changes

The board approved the appointment of Mr. Gunjan Gangwal (DIN: 11413389) as Additional Non-Executive Independent Director for a five-year term, subject to member approval. Mr. Gangwal brings over 15 years of finance and accounting experience, holding qualifications as CA, CS, B.Com, and certified Independent Director.

Parameter	Details
Name	Mr. Gunjan Gangwal
DIN	11413389
Position	Additional Non-Executive Independent Director
Term	Five years
Experience	15+ years in finance and accounting
Qualifications	CA, CS, B.Com, Independent Director certification

Mr. Gangwal will be inducted as a member in the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, leading to reconstitution of all three committees.

Capital Structure Enhancement

The board approved a significant increase in authorized share capital, demonstrating the company's growth ambitions and capital requirements.

Current Structure	Proposed Structure
Authorized Capital
Amount	₹300.00 crores → ₹750.00 crores
Number of Shares	30.00 crores → 75.00 crores
Face Value	₹10.00 per share (unchanged)

This amendment requires consequent changes to Clause V of the Memorandum of Association relating to share capital, subject to member approval through postal ballot.

Corporate Identity Transformation

The board approved changing the company name from Checkpoint Trends Limited to Centuple Global Limited. This rebranding initiative requires amendments to the existing Name clause of the Memorandum of Association and Articles of Association, subject to member approval through postal ballot.

Financial and Investment Approvals

The board established new financial frameworks to support business expansion:

Financial Parameter	Approved Limit
Borrowing Limit	Up to ₹200.00 crores
Mortgage/Charge Creation	Up to ₹200.00 crores
Asset Coverage	Company assets, properties, undertakings

Additionally, the board approved increases in investment limits for Non-Resident Indians, overseas citizens of India, Foreign Institutional Investors, and Foreign Portfolio Investors, all subject to member approval through postal ballot.

Postal Ballot Process

The company approved the Postal Ballot Notice and appointed M/s. NVB Associates, Practicing Company Secretaries, as Scrutinizer to oversee the e-voting process for member approvals.

Professional Background

Mr. Gangwal's expertise encompasses preparing and reviewing tax provision schedules, consolidating financial data, and managing income tax returns, GST returns, extensions, and estimated tax payments for over 100 clients. His experience includes preparing financial statements in accordance with the Companies Act, 2013, managing accounting departments, and conducting statutory and concurrent audits. The company confirmed that Mr. Gangwal is not related to any Directors, Key Managerial Personnel, Promoters, or Promoter group members and holds no shares in the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.80%	-0.27%	+23.77%	+355.71%	+672.56%	+2,166.95%

Checkpoint Trends Limited (INE396H01019) has scheduled a crucial board meeting for December 03, 2025, to discuss and approve significant changes in its leadership structure. The company has informed the BSE about the upcoming meeting, which will address several important matters related to its top management.

Key Agenda Items

The board meeting will consider the following key points:

Position	Current	Proposed Change
Whole-Time Director	Pradeep Kumar	Resignation
Managing Director & CFO	-	Shubham Chaudhary (Re-designation)
Non-Executive Independent Director	-	Gunjan Gangwal (New Appointment)
Whole-Time Director	-	Anubhav Kumar Upadhyay (New Appointment)

Leadership Transitions

Resignation

Mr. Pradeep Kumar is set to step down from his position as Whole-Time Director of the company.

Re-designation

Mr. Shubham Chaudhary, currently serving as Whole-Time Director and Chief Financial Officer, is proposed to be re-designated as Managing Director and Chief Financial Officer. This change is subject to the approval of the company's members.

New Appointments

Mr. Gunjan Gangwal is proposed to be appointed as a Non-Executive Independent Director.
Mr. Anubhav Kumar Upadhyay is set to be appointed as a Whole-Time Director.

Both these appointments are subject to the approval of the company's members.

Trading Window Closure

Checkpoint Trends Limited has announced the closure of the trading window for all designated persons and their immediate relatives covered under the company's Code of Conduct for Regulating, Monitoring, and Reporting of Trading by Insiders. The trading window will remain closed from December 02, 2025, until 48 hours after the announcement of the meeting's outcome.

This move is standard practice to prevent insider trading and ensure fair market practices during periods when material, non-public information is being discussed.

The outcome of this board meeting could potentially impact the company's future direction and governance structure. Shareholders and market observers will be keenly watching for the results of these proposed changes and their potential impact on the company's operations and strategy going forward.