Godfrey Phillips India: Plaintiffs Withdraw Delhi High Court Lawsuit Unconditionally
Godfrey Phillips India Limited disclosed the unconditional withdrawal of a litigation suit filed by Twenty-Four Seven Retail Stores Private Limited and Mr. Samir Kumaar Modi. The withdrawal was recorded by the Hon'ble High Court of Delhi on 8th April 2026 under Order XXIII Rule 1(1) of the Code of Civil Procedure, 1908, with the company making the regulatory disclosure on 9th April 2026.
*this image is generated using AI for illustrative purposes only.
Godfrey Phillips India Limited has announced the unconditional withdrawal of a litigation suit filed against the company, marking a significant legal development for the tobacco and consumer goods manufacturer. The company disclosed this information to stock exchanges on 9th April 2026, following the court proceedings that took place the previous day.
Case Background and Parties Involved
The litigation was originally instituted by two plaintiffs - Twenty-Four Seven Retail Stores Private Limited (Plaintiff No. 1) and Mr. Samir Kumaar Modi (Plaintiff No. 2). The company had initially disclosed this legal matter to the exchanges on 24th December 2024, as required under regulatory compliance obligations. The suit was filed before the Hon'ble High Court of Delhi at New Delhi.
Legal Proceedings and Withdrawal
On 8th April 2026, the plaintiffs unconditionally withdrew their suit against Godfrey Phillips India Limited under Order XXIII Rule 1(1) of the Code of Civil Procedure, 1908. The withdrawal details are presented below:
| Parameter: | Details |
|---|---|
| Withdrawal Date: | 8th April 2026 |
| Legal Provision: | Order XXIII Rule 1(1) of Code of Civil Procedure, 1908 |
| Court: | Hon'ble High Court of Delhi |
| Nature: | Unconditional withdrawal |
| Communication Time: | 7.20 P.M. on 8th April 2026 |
Regulatory Compliance and Disclosure
The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unconditional withdrawal was recorded in the order pronounced by the Delhi High Court, and the company's lawyers communicated this development to the management at 7.20 P.M. on the same day.
Corporate Communication
The disclosure was signed by Pumit Kumar Chellaramani, Company Secretary & Compliance Officer, and was digitally authenticated on 9th April 2026 at 16:31:41 +05'30'. The company maintains its registered office at Macropolo Building, Ground Floor, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai - 400 033, and operates under CIN L16004MH1936PLC008587.
This legal resolution removes a potential litigation overhang for the company, allowing it to focus on its core business operations without the uncertainty associated with ongoing legal proceedings.
Historical Stock Returns for Godfrey Phillips
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.77% | +6.98% | -0.75% | -38.84% | -12.89% | +594.10% |
Will the withdrawal of this litigation lead to improved investor confidence and potential stock price recovery for Godfrey Phillips India?
Could this legal resolution pave the way for potential business partnerships or collaborations between the parties involved?
How might this development impact Godfrey Phillips India's expansion plans in the tobacco and consumer goods sector?
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