Bina Modi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GODFRYPHLP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts less than Nifty Midcap 150 and 2.8 pts less than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bina Modi, on behalf of the Modi Group (Promoter and Promoter group) of Godfrey Phillips India Limited, filed a disclosure of encumbrance (pledge) on shares as of 31 March 2026. K K Modi is the primary pledgor, with 74,06,012 equity shares (47.48% of total shares held by the promoter group) encumbered. Bina Modi holds 1,15,88,840 shares with only 31 shares (0.02%) encumbered. Other promoter group entities and individuals show minimal or zero encumbrances. The total encumbered shares across the promoter group represent approximately 47.48% of the total promoter holding. This filing is required quarterly under SEBI regulations for entities holding more than 50% stake in listed companies.
A 47.48% promoter encumbrance is significant and warrants attention from investors, as high pledging by promoters can pose downside risk to stock if lenders invoke pledged shares. However, the fact that the encumbrance is just below 50% of total promoter holding and the core promoter (Bina Modi) has minimal personal pledge is a slightly mitigating factor.