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Godfrey Phillips board to meet today as KK Modi family fight intensifies

According to sources, the report of the independent directors on the board has not been circulated among the members ahead of Tuesday's meeting

Topics
KK Modi | Godfrey Phillips | Lalit Modi

Surajeet Das Gupta  |  New Delhi 

The board meeting of tobacco company Godfrey Phillips India on Tuesday is expected to discuss a crucial report of the independent directors at a time when a board director, Ruchir Modi, has raised serious allegations about “mismanagement” by his relatives.

Modi has complained to the Ministry of Corporate Affairs about various matters, including the appointment of his grandmother, Bina Modi, as president and managing director in what he says is a flagrant violation of statutory provisions. He has also alleged that the board failed to disclose material events under the Sebi ...

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First Published: Tue, November 10 2020. 06:05 IST
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