2:1 Bonus Issue: Cigarette Maker Godfrey Phillips to Consider First-Ever Bonus Shares; Board Meeting on Aug 4

Godfrey Phillips India Ltd., one of the country's leading FMCG and tobacco companies, has announced that its Board of Directors will convene on Monday, August 4, 2025, to discuss a historic corporate action, the issuance of bonus equity shares for the first time in the company's history.

As per the regulatory filing, the proposal under consideration involves allotting two fully paid-up bonus shares for every one existing equity share held by shareholders as on a record date to be decided later.

Godfrey Phillips Bonus Shares; 2:1 Bonus Issue

If approved, this 2:1 bonus issue will be subject to further approval from shareholders and all applicable statutory and regulatory bodies. The move is intended to reward existing shareholders by capitalizing on the company's accumulated reserves, effectively increasing the liquidity of the stock and boosting investor sentiment.

Godfrey Phillips Board Meeting: Check Date

In addition to the bonus issue proposal, the Board will also meet to review and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025 (Q1 FY26). This is part of the company's regular quarterly reporting process.

Over the years, Godfrey Phillips has taken a number of shareholder-friendly initiatives. Notably, the company executed a stock split in May 2014 at a ratio of 1:5. In the financial year 2024-25, the company declared a dividend of Rs 91 per equity share, reflecting strong profitability and consistent cash flow generation.

About the Company

Godfrey Phillips India is a flagship entity of the KK Modi Group and operates primarily in the tobacco and FMCG sectors. It is best known for its popular cigarette brands such as Four Square, Red & White, Cavanders, and Tipper. The company also has an exclusive licensing agreement with global tobacco major Philip Morris International to manufacture and distribute Marlboro cigarettes in India.

In addition to tobacco, the company is gradually expanding its footprint in the packaged foods, beverages, and confectionery segments.

Market Performance: Godfrey Phillips Share Price

On July 29, shares of Godfrey Phillips India Ltd closed at Rs 8,952.00 on the NSE, marking a gain of Rs 260.50 or 3.00% for the day. The stock opened at Rs 8,800.00 and touched an intraday high of Rs 8,995.00, while the lowest point during the session was Rs 8,690.00. Over the past 52 weeks, the stock has traded between a low of Rs 3,965.50 and a high of Rs 9,828.00.

Godfrey Phillips shares have witnessed significant interest among long-term investors due to the company's strong brand portfolio, robust financials, and consistent dividend payouts.

This proposed corporate action comes at a time when the broader FMCG and tobacco sectors are navigating regulatory changes, shifting consumer preferences, and increasing input costs. The company's decision to reward shareholders with bonus shares, if approved, could signal confidence in its future earnings and cash flows.