GODFRYPHLPNSEGodfrey Phillips India Limited· CigarettesHighPositive
Announced Mon, 4 Aug · 17:56 IST

Godfrey Phillips India Limited has informed the Exchange that the Board of Directors at its meeting held on August 04, 2025, have considered and approved bonus at the ratio of 2 : 1, i.e 2 Equity Shares for every 1 Equity Shares held.

Bonus Above 1to1Corporate Actions View source PDF

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AI summary

Godfrey Phillips India's board, at its meeting on August 4, 2025, approved a bonus issue of 2 equity shares for every 1 share held (2:1 ratio), increasing the share count from 5.20 crore to 15.60 crore shares. The bonus will be funded by capitalising about Rs. 20.8 crore from general reserves and retained earnings, with a record date of September 16, 2025 and credit expected by October 3, 2025. Alongside, the company reported strong Q1 FY26 standalone results, with net profit from continuing operations rising about 31% year-on-year to Rs. 364.98 crore on total income of Rs. 1,963.97 crore. The board also recommended a final dividend of Rs. 60 per share for FY25 (record date August 22, 2025), with the 88th AGM scheduled for September 4, 2025. Authorised share capital will be doubled from Rs. 25 crore to Rs. 50 crore to accommodate the bonus.

Likely market impact

The 2:1 bonus issue is a significant reward for shareholders, tripling the share count and improving liquidity, while the strong Q1 earnings and Rs. 60 final dividend reflect healthy cash generation. Investors should expect a proportional price adjustment after the ex-bonus date (September 16, 2025), with the stock typically trading lower on a per-share basis but total holding value remaining unchanged.