Checkpoint Trends Limited Plans Fourfold Increase in Authorized Share Capital, Diversifies into Tobacco and Edible Oils
Checkpoint Trends Limited (BSE: 531099) has announced significant changes to its corporate structure and business focus. The company plans to increase its authorized share capital from Rs. 75.00 crores to Rs. 300.00 crores, expanding equity shares from 7.50 crore to 30.00 crore. The company also aims to diversify into tobacco-related trading and the edible oils business. These changes are subject to shareholder approval through a postal ballot process with e-voting scheduled from August 21 to September 20, 2025. The company views these moves as strategic steps to optimize resources, enhance efficiency, and create sustainable value for stakeholders.