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Awaiting price reaction for this filing.
Checkpoint Trends Limited (Scrip Code: 531099) has submitted the Scrutinizer's Report for the Second Corrigendum to its Extra-Ordinary General Meeting held on October 27, 2025 via video conferencing. The e-voting window ran from January 29 to January 31, 2026, with the cut-off date being October 20, 2025. The sole resolution on the agenda was the issuance of convertible warrants on a preferential basis, which was approved with overwhelming support: 35 members voting in favor with 11,38,861 votes (99.9%), while only 7 members voted against with 1,156 votes (0.1%). No invalid votes were recorded. The report was certified by NVB & Associates, Practicing Company Secretaries (Scrutinizer: Nithish Bangera).
Shareholders have formally approved the preferential issuance of convertible warrants, clearing the way for the company to raise capital from specific investors. This is a positive procedural step but may lead to equity dilution once the warrants are converted, depending on issue price and conversion terms.