Longwell Investments Private Limited has disclosed the pledge of 2,40,000 equity shares in Godfrey Phillips India Limited to Infina Finance Private Limited. The disclosure was made to the Audit Committee and Company Secretary of Godfrey Phillips India Limited on 07-04-2026, pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company confirmed that the pledge was created on 23rd January, 2026, through the depository system. The intimation regarding this pledge was duly submitted to the office of Godfrey Phillips India Limited on 24th January, 2026. The declaration confirms that Longwell Investments Private Limited holds a total of 2,40,000 equity shares in Godfrey Phillips India Limited as on 31st March, 2026.

Accordingly, the total number of pledged shares held by the investor in Godfrey Phillips India Limited stands at 2,40,000 equity shares as of the specified date. The document was signed by Umesh Kumar Modi, Director of Longwell Investments Private Limited, to meet the compliance requirements under the aforementioned regulations.

Disclosure Details

Godfrey Phillips India Limited signed a Contract Manufacturing Agreement with Polisetty Somasundaram Tobacco Products (India) Pvt. Ltd. on May 27, 2026, to augment its production capacity and ensure the uninterrupted availability of its products. The agreement covers the manufacturing and delivery of cigarettes and other tobacco products on a contract manufacturing basis at Polisetty's facility. This strategic move is intended to enhance the company's operational capabilities within the domestic market.

The agreement stipulates that Polisetty will manufacture the products exclusively for Godfrey Phillips India, adhering to specifications and standards prescribed by the company. Production materials will be provided by Godfrey Phillips India. In consideration of these services, the company will pay a manufacturing fee to Polisetty, which comprises both fixed and variable components.

Key Terms of the Agreement

The agreement includes specific timelines and operational mandates. Polisetty is required to make its best efforts to establish the manufacturing facility and obtain necessary licenses to commence operations within a period of 12 months. Additionally, Godfrey Phillips India retains the discretion to provide various machines and equipment to Polisetty on a bailment basis for use in the manufacturing process.

The initial term of the contract is set for nine years and is subject to customary terms and conditions, including warranties and indemnities. The disclosure confirms that the transaction does not fall within related party transactions, and no promoter or promoter group entities have an interest in the counterparty.

Financials of the Partner

Based on the latest available audited financials for Polisetty for the year ended March 31, 2025, the entity reported the following figures:

The agreement was signed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pumit Kumar Chellaramani, Company Secretary & Compliance Officer, authorized the disclosure.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE260B01028/dcc6e5c7d72b49d8.pdf