Godfrey Phillips India Limited — Others, 24-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Godfrey Phillips India Limited has disclosed a litigation filed against it by Twenty Four Seven Retail Stores Private Limited and Mr. Samir Kumaar Modi in the Hon’ble High Court of Delhi. The plaintiffs are claiming royalty and damages for the use of the 24Seven trademarks from June 2005 to August 2024, as well as an injunction to prevent further use. The company believes it has a strong defense and does not anticipate significant financial impact from this case. This announcement may foster a neutral to modestly positive outlook among investors, as the company sees the claims as unfounded.