Godfrey Phillips India, via a filing, has informed the stock exchanges that its Board of Directors will meet on Monday, August 4, to consider a proposal for the issuance of bonus equity shares for the first time in the company’s history. The proposal, if approved, will involve issuing bonus shares in the ratio of 2:1.

This means that two fully paid-up equity shares of Rs 2 each will be credited to the eligible shareholders’ account for every one fully paid-up equity share of Rs 2 held by shareholders, by capitalizing the company’s reserves.

This potential bonus issue will be subject to further approval by shareholders and any necessary statutory or regulatory approvals as applicable under the law.

In addition to the bonus share proposal, the board will also consider and approve the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025.

On the corporate action front, Godfrey Phillips, in the past, has undergone a stock split in May 2014 in the ratio of 1:5, while having declared an equity dividend amounting to Rs 91 per share in the last 12 months.

Godfrey Phillips India is one of the leading FMCG Companies in India, the flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to their name.It also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.Around 2 pm today, the shares of Godfrey Phillips were trading 1.9% higher at Rs 8,849.80 on the BSE.

Also read: NSDL IPO GMP at 17% ahead of tomorrow’s launch: Price band, key dates & other details

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)