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Awaiting price reaction for this filing.
Checkpoint Trends Limited (BSE: 531099) has filed a Second Corrigendum to the voting results of its Extra-Ordinary General Meeting (EGM) held on October 27, 2025, through video conferencing. The EGM considered one Special Resolution regarding the issuance of Convertible Warrants on a Preferential Basis. A total of 2431 shareholders were on record, with 34 public shareholders attending via video conferencing. Out of 54,68,300 outstanding shares held by public non-institutions, 11,40,017 votes (20.84%) were polled via e-voting. The resolution was passed with overwhelming support — 11,38,861 votes in favour (99.90%) and only 7 votes against (0.1%). Promoter and Promoter Group did not participate in voting, and the resolution was declared not related to promoter interest. E-voting for the corrigendum was conducted from January 29-31, 2026, with M/s. NVB & Associates appointed as Scrutinizer.
The near-unanimous approval of the preferential warrant issuance gives the company a clear path to raise capital, but shareholders should be aware that converting these warrants into equity shares in the future could dilute their existing holdings.