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Checkpoint Trends Limited has called an Extra-Ordinary General Meeting on October 27, 2025 at 4:00 PM (via video conferencing) to seek shareholder approval for two major capital-raising proposals. The first is the issuance of up to 3,77,69,384 convertible warrants on a preferential basis at Rs. 45.01 per warrant, aggregating to Rs. 170 crore, to 14 non-promoter allottees; each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% payable upfront and the balance 75% on conversion. The largest allottee is Whole-time Director Pradeep Kumar at 1,11,08,643 warrants, followed by Pandokhar Food LLP, Lemon Electronics Limited, and Recoll Projects Private Limited (each at 66,65,186 warrants). The second proposal seeks approval for a Qualified Institutions Placement (QIP) of up to Rs. 500 crore through equity shares or other eligible securities to qualified institutional buyers, to be completed within 365 days at a price not lower than the SEBI ICDR floor price (with up to 5% discount allowed).
If fully subscribed and converted, the combined capital raise could be up to Rs. 670 crore, but existing shareholders face significant equity dilution. The preferential warrants route is dominated by the company's own director and select non-promoter entities, while the QIP opens the door to institutional investors at market-linked pricing, signalling a major fundraising push that could be dilutive in the near term.