Godfrey Phillips

The uptick in Godfrey Phillips share came after the company announced on Thursday, December 26, that it has appointed Siddharth Chawla as its chief operating office (COO), effective January 7, 2025

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales. The company posted a consolidated net profit of Rs 202.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPIL) said in a regulatory filing. Consolidated total revenue from operations stood at Rs 1,651.42 crore in the quarter under review compared to Rs 1,374.55 crore in the year-ago period. Total expenses in the second quarter were higher at Rs 1,415.89 crore against Rs 1,194.03 crore a year ago. Revenue from cigarettes, tobacco and related products in the second quarter stood at Rs 1,610.06 crore compared to Rs 1,258.48 crore in the corresponding period last fiscal, the company said. On the other hand, revenue from retail and related products was lower at Rs 38.79 crore over Rs 117.26 crore in the same period last fiscal, it added. The company's board had on Apri

The police have also asked the medical board to determine if the said injury was old or sustained on May 30, as well as to determine if the injury is possible from the twisting of a finger or hand

Cigarette maker Godfrey Phillips India Ltd Chairperson, Bina Modi on Friday defended the company's decision to close its retail business '24Seven', the brainchild of her estranged son Samir Modi, saying it was done with a view to focus on its core business. At the annual general meeting of the company held on Friday, the special business of not filling up the vacancy 'for the time being' caused by retirement by rotation of Samir Modi was taken up along with the appointment of his sister Charu Modi as an executive director, among others for shareholders' approval. In her address to the shareholders, Bina Modi said, "this focus on our core business is in consonance with the 'Theory of Core Competency' propagated by the late global management guru Professor CK Prahalad. This strategy has also led us to the closure of our retail business 24Seven. At times we need to bite the bullet in the long-term interest of the company and shareholders." In July this year, Godfrey Phillips India (GPI

Bina Modi's daughter Charu Modi has been appointed as the Executive Director of the company with 87% approval

The court directed Bina Modi to file an affidavit on the remuneration and benefits she received as MD of the company

The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.

Samir says that his removal as director, despite having a tenure until September 2026, will require 51 per cent of the shareholders agreeing at the AGM

The firm's NRC cites breaches of fiduciary duties due to conduct both in and outside board meetings

Samir Modi says he would be willing to sell Godfrey Phillips if it could end the family feud arisen since the death of KK Modi in 2019

US-based proxy advisory firm Glass Lewis has advised the shareholders of Godfrey Phillips to vote "against" the special resolution seeking the reappointment of Bina Modi as Managing Director at the Annual General Meeting on September 6. Glass Lewis has backed Samir Modi's presence on the board. Godfrey Phillips India has scheduled its Annual General Meeting on September 6, 2024, in which it has put five ordinary resolutions and one special resolution for approval from its shareholders. As Bina Modi's remuneration exceeds the limits of Rs 5 crore or 2.5 per cent of the net profits of the company, Godfrey Phillips requires a special resolution, which has to be passed from a super majority of 75 per cent of the total votes polled. Opposing the special resolution, Glass Lewis observed there are "no defined performance conditions for the payment of commission" to Bina Modi and her "appointment is as combined chairman and managing director". "Given our concerns, we do not believe ...

Company's nomination and remuneration committee will decide on his appointment

Samir Modi, the executive director of Godfrey Phillips, had accused his mother of orchestrating an attack on him to gain leverage in the ongoing inheritance dispute

Shares of Godfrey Philips India, a flagship company of KK Modi Group, hit a record high of Rs 4,785.5 as they surged 17.8 per cent on the BSE on Monday

A court here has directed the personal appearance of a Delhi Police investigating officer on the issue of preservation of CCTV footage linked to the alleged assault on Samir Modi, an executive director of cigarette maker Godfrey Philips India (GPI), during a board meeting on May 30. Metropolitan Magistrate Aridamam Singh Cheema was hearing the plea for a court-monitored probe in the FIR registered by Samir Modi at the Sarita Vihar police station. The plea had sought several directions to the police including the preservation of the CCTV footage of the alleged assault by a personal security officer (PSO) of Samir's mother Bina Modi during the company's board meeting at its Jasola head office here, contending that it was needed "in the interest of fair and proper investigation". "As the incident pertains to the date May 30, 2024, there may be circumstances that the life of CCTV may expire if the same are not preserved now. In the interest of justice, the CCTV footage of the entrance o

Jubilant FoodWorks has two key technical analysis signals: a bull divergence on the daily MACD indicator and a violation of a bearish trend line that had been in place for 3-4 months

One member of each branch will have a permanent position in all the companies till they have been sold. My father wanted equality and fairness among the four of us, Samir said

According to the complaint filed by Samir, KK Modi's younger son, he was invited to the board meeting on Friday

Godfrey Phillips family inheritance feud: Samir Modi has accused his mother, Bina Modi, her personal security officer, and others of causing him 'grievous hurt'