Godfrey Phillips India Ltd (GODFRYPHLP)

Godfrey Phillips Shares Fall After Unchanged Tax Rates, Inheritance Dispute Continues - 23 Jul, 2024

Godfrey Phillips India Ltd. shares dropped by 3.28% following no changes to cigarette taxation in the Union Budget 2024-25. Additionally, Bina Modi withdrew her contempt petition against her sons in an ongoing inheritance dispute over Godfrey Phillips shares.

Godfrey Phillips Director Refutes Assault Allegations - 21 Jul, 2024

Independent director Lalit Bhasin has denied allegations made by executive director Samir Modi that he was assaulted at a board meeting in May. This is the first public comment from any of the company's independent directors amid an ongoing shareholder fight.

JM Financials Top Stock Picks Ahead of Budget - 16 Jul, 2024

If excise duty or NCCD duty on cigarettes and tobacco products are raised, it would be negative for cigarette makers ITC and Godfrey Phillips.

Godfrey Phillips India Ltd Hits Record High Amid Pre-Budget Buying - 15 Jul, 2024

Godfrey Phillips India Ltd's stock hits record high as it gains 126% in 2024 and nearly triples over the last 12 months due to pre-buying by dealers ahead of budget. The company recorded consolidated gross sales value of Rs 11,271 crore and net profit of Rs 884 crore.

Godfrey Phillips India's ROCE Remains Flat, Stock Returns 479% - 12 Jul, 2024

Godfrey Phillips India's return on capital employed has remained steady at around 16% over the past five years despite deploying 117% more capital. The stock has rewarded shareholders with a remarkable 479% return to those who've held over the last five years.

Charu Modi Joins Godfrey Phillips India Board Amidst Inheritance Battle - 08 Jul, 2024

Charu Modi, one of the three offspring of late KK Modi, has been appointed to the board of Godfrey Phillips India amidst a shareholder battle over inheritance at the KK Modi group. Her siblings Lalit and Samir have filed lawsuits against their mother Bina Modi demanding dissolution of the family trust which was set up to house the family's wealth in 2014. The value of the family inheritance is pegged between Rs. 11,000 crore and Rs. 30,000 crore.

Court Restricts Removal of Samir Modi from Godfrey Phillips Board - 28 Jun, 2024

Samir Modi, Executive Director of Godfrey Phillips India, has been granted protection by a Delhi Court against his removal from the company board. The court has directed both parties to maintain the status quo till the next hearing and restricted the discontinuation of brand 24Seven. The ongoing tussle with his mother Bina Modi over inheritance distribution continues.

Godfrey Phillips India Ltd Board Dispute - 27 Jun, 2024

A Delhi court granted protection to Samir Modi, executive director of Godfrey Phillips India Ltd, against his removal from the board amid a dispute with his mother, Bina Modi. The court also restrained the company and Bina Modi from closing down retail division chain 24seven. Additionally, the court has called for an 'Action Taken Report' from the police regarding allegations of assault made by Bina Modi's PSO against Samir Modi.