Intimation under Regulation 30 of SEBI LODR-Distribution Agreement
GODFRYPHLP · price
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Godfrey Phillips India has signed a 3-year domestic distribution agreement with Aspeya India Private Limited to distribute and resell Nicotine Replacement Therapy Products. Under the agreement, the company will purchase products from Aspeya and sell them through its existing distribution network. Aspeya is a related party as it belongs to the same group as Philip Morris Global Brands Inc, the foreign promoter shareholder of Godfrey Phillips. The transaction is disclosed as an arm's length deal in the ordinary course of business. Aspeya reported revenue of Rs. 795.06 lakhs and profit after tax of Rs. 19.32 lakhs for FY 2024-25.
This agreement allows Godfrey Phillips to expand its product portfolio leveraging its existing distribution infrastructure, potentially boosting both revenue and profitability. As a related party transaction with a promoter group entity, it requires careful monitoring for fair execution.