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.

Godfrey Phillips India Limited has issued a clarification to BSE Limited regarding a recent surge in trading volume of its securities across exchanges. The response, dated February 9, 2026, addresses BSE's inquiry about the significant increase in trading activity.

Company's Response to Volume Surge

The company has categorically stated that it is not aware of any unpublished price-sensitive information that could have triggered the recent spike in trading volumes. According to the official communication signed by Company Secretary and Compliance Officer Pumit Kumar Chellaramani, the volume increase is purely attributed to market conditions.

Market-Driven Activity

Godfrey Phillips India emphasized that the increased trading volume appears to be market-driven, with the company having neither control over nor knowledge of the specific reasons behind this activity. The management clarified that the surge in volumes is not linked to any internal developments or undisclosed material information.

Regulatory Compliance Commitment

The company has reaffirmed its adherence to regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Godfrey Phillips India assured that it will continue to keep stock exchanges informed of any material information as and when such events occur, maintaining transparency in its disclosure practices.

The clarification demonstrates the company's proactive approach to addressing exchange queries and maintaining regulatory compliance in response to unusual market activity.