Godfrey Phillips India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 04, 2025
GODFRYPHLP · price
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Godfrey Phillips India has called its 88th AGM on 4th September 2025 at 2:30 PM via video conferencing. Shareholders will consider adoption of FY25 audited financial statements, a total dividend of Rs. 95 per share (Final Rs. 60 + Interim Rs. 35 already paid) with record date 22nd August 2025, and re-appointment of directors including Mr. Sharad Aggarwal and Independent Director Mr. Sumant Bharadwaj. A key special resolution proposes a 2:1 bonus issue (2 free shares for every 1 held) by capitalising Rs. 20.80 crore of reserves, alongside a doubling of authorised share capital from Rs. 25 crore to Rs. 50 crore. Another resolution seeks shareholder approval for a material related party transaction of up to Rs. 2,000 crore with Philip Morris Products S.A. (Switzerland) for tobacco exports in FY 2026-27. Chandrasekaran Associates is also proposed as Secretarial Auditor for five years at Rs. 5 lakh for FY26.
Positive for shareholders — a healthy total dividend of Rs. 95/share and a 2:1 bonus issue can boost liquidity and may be viewed favourably by the market, while the proposed Rs. 2,000 crore related-party export deal underscores continued business ties with the Philip Morris group. Investors should note the book closure window from 23rd August to 4th September 2025 to be eligible for the final dividend.