Godfrey Phillips India Limited has formally responded to the Bombay Stock Exchange regarding inquiries about a significant surge in trading volume of its securities. The company addressed BSE's clarification request dated 27th March 2026 through an official communication from its Company Secretary and Compliance Officer.

Company's Official Response

In its response to the stock exchange, Godfrey Phillips India clarified that it is not aware of any unpublished price-sensitive information related to the company that could have triggered the recent volume spike. The company emphasized that the increased trading activity appears to be purely market-driven.

Market Conditions Attribution

The tobacco and consumer goods company stated that the volume increase is purely due to market conditions and is apparently market-driven, over which the company does not have any control. This response indicates that no specific corporate developments or internal factors contributed to the heightened trading interest.

Regulatory Compliance Assurance

Godfrey Phillips India reiterated its adherence to the requirements laid down in Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company assured the stock exchange that it will continue to keep exchanges duly informed of any information as required under the said regulations.

Corporate Details

The communication was digitally signed by Pumit Kumar Chellaramani on 27th March 2026. The company maintains its registered office at Macropolo Building, Ground Floor, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai, and operates from its corporate office in Jasola, New Delhi.

Godfrey Phillips India Limited successfully concluded its postal ballot process on March 13, 2026, with shareholders decisively approving the appointment of Marco Mariotti as a Non-Executive and Non-Independent Director. The resolution received overwhelming support from the shareholder community, reflecting confidence in the company's board composition strategy.

Voting Results and Shareholder Participation

The postal ballot witnessed strong participation across all shareholder categories, with comprehensive voting data demonstrating broad-based support for the appointment:

The voting process recorded participation from 623 members, with 587 members voting in favour and 36 members voting against the resolution. Notably, no invalid votes were recorded during the entire process.

E-Voting Process and Timeline

The remote e-voting facility was made available to shareholders holding shares as of the cut-off date of February 6, 2026. The voting period commenced at 9:00 AM on February 11, 2026, and concluded at 5:00 PM on March 12, 2026, providing shareholders with an extended period to participate in the decision-making process.

Scrutinizer Oversight and Compliance

V. Ramachandran of V.R. Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed through a Board Resolution dated January 30, 2026, and submitted the final report on March 13, 2026. The entire process was conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, along with relevant rules and SEBI Listing Regulations.

About Marco Mariotti's Appointment

The approved resolution pertains to the appointment of Marco Mariotti, bearing Director Identification Number (DIN) 11396596, as a Non-Executive and Non-Independent Director of the company. The appointment was processed as an Ordinary Resolution, requiring simple majority approval from shareholders.

Regulatory Compliance and Documentation

Godfrey Phillips India Limited has ensured full compliance with regulatory requirements throughout the postal ballot process. The detailed voting results will be uploaded in XBRL format as mandated by Regulation 44(3) of SEBI Listing Regulations. The scrutinizer's report and voting results are being made available on the company's website and the e-voting agency's platform for shareholder reference.

The successful completion of this postal ballot demonstrates the company's commitment to transparent corporate governance practices and effective shareholder engagement in key board appointments.