K K Modi Group firm Godfrey Phillips India today said shareholders have approved a proposal to split each equity share of Rs 10 face value into five shares of Rs 2 face value.
"... Equity shares of the company of the nominal valued of Rs 10 fully paid up be and is hereby divided into 5 equity shares of Rs 2 each fully paid up...Resolution was passed unanimously," Godfrey Phillips informed the BSE.
Among others, the proposal to reappoint Lalit Modi as director of the company was passed with requisite majority, it added.
