Godfrey Phillips India Limited — Others, 19-11-2024: Shareholders meeting

Godfrey Phillips India Limited has issued a Postal Ballot Notice seeking shareholder approval for the 'Godfrey Phillips Employees Share Purchase Scheme, 2024' (ESPS 2024), which aims to motivate and retain employees by offering equity shares. A total of 25,99,696 shares, up to 5% of the paid-up capital, may be allotted under this scheme, to be administered through the Godfrey Phillips ESPS Trust. Voting will take place from 20 November to 19 December 2024. Additionally, the company proposes the appointment of Mr. Avtar Singh Monga as an Independent Director for five years, enhancing governance with his extensive banking experience. This move could bolster investor confidence, aligning employee interests with shareholder value.