Page 2 - Godfrey Phillips

Glass Lewis opposes reappointment of Bina Modi as Godfrey Phillips MD

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 ...

Bina Modi to recommend Samir's appointment to Godfrey Phillips Board: Court

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

Bina Modi withdraws contempt plea against sons Lalit and Samir Modi

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

This KK Modi Group stock has zoomed 121% thus far in calendar year 2024

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

Court summons IO who 'assaulted' Godfrey Philips director Samir Modi

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

Buy & Sell: Top three picks by Anand Rathi for June 6; check target prices

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

Gave binding offer to sell 25% of my shares to mother, says Samir Modi

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

Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina

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

Samir Modi accuses mother Bina of assault amid Rs 11k crore family feud

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

Godfrey Phillips Q4 results: Consolidated net profit rises 46% to Rs 215 cr

Cigarette maker Godfrey Phillips India Ltd on Thursday reported an increase of 46.25 per cent in its consolidated net profit to Rs 215.12 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 147.09 crore during the January-March period of the previous fiscal, according to a regulatory filing from Godfrey Phillips India. Its revenue from operations increased 22.86 per cent to Rs 1,197.13 crore during the quarter under review, up from Rs 974.40 crore in the corresponding period of the previous fiscal. Total expenses of Godfrey Phillips in the March quarter were up 21.13 per cent at Rs 1,052.66 crore. Its revenue from cigarettes, tobacco and related products was up 22.81 per cent to Rs 1,073.56 crore in Q4 of FY24. Revenue from retail and related products remained flat at Rs 101.42 crore, compared to Rs 100.98 crore a year ago. Godfrey Phillips operates the convenience store chain 24Seven. Total income of Godfrey Phillips India was up 24.06 per c

Checking out of 24Seven: Godfrey sees exit valuation of Rs 700-1,000 cr

Low margins and escalating real estate prices are primary drivers for exiting the 24Seven business

Tata, Reliance, DMart in talks to acquire 24Seven from Godfrey Phillips

Godfrey Phillips India had on April 12 announced its plan to sell the loss-making 24Seven convenience store chain after a review of its retail business division

Godfrey Phillips Q3 results: Profit rises 6% to Rs 212 cr, revenue up 34%

The company reported a consolidated net profit of 2.12 billion rupees (~$26 mln) for the quarter ended Dec. 31, up 6.6% from last year

Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio

Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

Godfrey Phillips India Q1 results: Profit up 78% to Rs 254.44 crore

The company demonstrated strong cigarette domestic volume growth and unmanufactured tobacco export growth in Q1 of FY24

Godfrey Phillips India Q4 net up 6.4% to Rs 110 cr, revenue rises 14.3%

Cigarette maker Godfrey Phillips India Ltd on Saturday reported an increase of 6.41 per cent in its consolidated net profit to Rs 110.54 crore for the quarter ended March 2023. The company had posted a net profit of Rs 103.88 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing. Its revenue from operations was up 14.33 per cent to Rs 968.40 crore during the quarter under review as against Rs 846.95 crore in the corresponding period of the previous fiscal. Godfrey Phillips' total expenses were at Rs 869.01 crore, up 17.8 per cent in Q4/FY 23, as against Rs 737.72 crore. Its revenue from cigarettes, tobacco and related products was Rs 874.15 crore. While revenue from retail and related products was Rs 100.98 crore as against Rs 83.52 crore in the fourth quarter last fiscal, it said. Godfrey Phillips operates the convenience store chain 24Seven. For the fiscal year ended March 2023, Godfrey Phillips India's net profit was

Godfrey Phillips India hits record high; stock zooms 100% in 6 months

In October 2022, Godfrey Phillips divested from the chewing business by sale/ assignment of associated trademarks and certain non-current assets to focus more on cigarette business

Share price of this cigarette company has nearly doubled in 10 months

Shares of Godfrey Phillips hit a new high of Rs 1,842.70 as they rallied 5% on the BSE in Thursday's intra-day trade, and have zoomed 97% from its February low of Rs 937 on the BSE.

Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout

According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.

Cigarette maker Godfrey Phillips appoints Sharad Aggarwal as CEO

Cigarette maker Godfrey Phillips India on Monday announced the appointment of Sharad Aggarwal as Chief Executive Officer.