Annual Report 2024-25
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Checkpoint Trends Limited submitted its Annual Report for FY 2024-25 to BSE ahead of the AGM scheduled for September 29, 2025. The company's income from operations dropped sharply to Rs. 50 lakhs from Rs. 113 lakhs in the previous year, though net profit slightly declined to Rs. 2.54 lakhs (from Rs. 3.02 lakhs) on lower expenses. No dividend was declared. The company attempted a capital reduction which failed to get the required 75% shareholder approval and was withdrawn. Subsequently, authorized share capital was increased to Rs. 75 crores, with a further proposal to raise it to Rs. 300 crores pending member approval. The company is also proposing to amend its object clause to diversify into new business areas and has shifted its registered office from Mumbai to Nashik. Several board changes occurred, including new Whole-Time Directors and resignations of two Independent Directors.
Shareholders should note the steep revenue decline (~56% YoY) despite marginally lower profits, indicating improved cost control but a shrinking core business. The failed capital reduction, unpaid listing fees citing 'financial crises,' and a director linked to a company under CIRP raise governance concerns. However, the proposed major capital increase and diversification plans could signal a strategic reset, though execution risk is high given the company's small scale and weak financials.