Outcome of Board Meeting held on December 03, 2025

Kmp ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.5% vs market

Pharmaceuticals peers, median of 156sector-0.2%+2.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.2 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

At its December 3, 2025 board meeting, Checkpoint Trends Limited accepted the resignation of Mr. Pradeep Kumar (DIN: 00209355) as Whole-Time Director, effective the same day, citing personal reasons and pre-occupation. Mr. Shubham Chaudhary (DIN: 09298013) was re-designated from Whole-Time Director and CFO to Managing Director and CFO for a 3-year term, subject to shareholder approval. Mr. Anubhav Kumar Upadhyay (DIN: 09519842), a CA and CS with 15+ years of finance experience, was appointed as Whole-Time Director for 3 years, also pending shareholder approval. The proposed appointment of Mr. Gunjan Gangwal as Non-Executive Independent Director was deferred to the next board meeting.

Likely market impact

The leadership shuffle is largely a transition rather than a disruption — the existing CFO steps up to Managing Director while a new finance professional joins as WTD, maintaining continuity in financial oversight. Shareholders should watch for the upcoming EGM to approve these appointments, and the deferred independent director appointment is a pending governance item.