Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Checkpoint Trends Limited (BSE: 531099), a small Nashik-based wholesale trading company, has issued a Postal Ballot Notice dated December 17, 2025 with 9 resolutions to be voted on electronically between December 19, 2025 and January 17, 2026. The key proposals include: increasing authorised share capital from Rs. 300 Cr to Rs. 750 Cr (for fund-raising), changing the company name to Centuple Global Limited, re-designating Mr. Shubham Chaudhary as Managing Director and CFO, appointing Mr. Anubhav Kumar Upadhyay as Whole-Time Director, and appointing Mr. Gunjan Gangwal as Independent Director (all with 3-5 year tenures and a base pay of up to Rs. 18 lakh per annum). Additionally, the company seeks approval to raise its borrowing limit and create charges on assets up to Rs. 200 Cr, and dramatically increase FII/FPI investment limits from 24% to 100% and NRI/OCI limits from 10% to 100% of paid-up capital. The company reported FY25 revenue of just Rs. 50 lakhs (down from Rs. 113 lakhs) and net profit of Rs. 2.54 lakhs, signalling weak operating performance.
The combined proposals (huge capital hike, name change, expanded borrowing power, and open-door policy for foreign/NRI investors up to 100%) strongly suggest the company is preparing for a major fund-raising event, likely a preferential allotment or QIP to foreign investors. For existing shareholders, this could mean significant equity dilution ahead, though the small current size of the company may limit immediate price impact. Investors should watch the Postal Ballot results expected by January 19, 2026 closely.