Godfrey Phillips India Limited announced that at its board meeting held on July 30, 2022, Mr. R. A. Shah, Chairman of the Board, has decided to retire as the Non- Executive Non-Independent Director on the Board of the Company and not seek re-appointment at the forthcoming Annual General Meeting (AGM) scheduled to be held on 26th August, 2022. The Board placed on record its deep sense of gratitude and appreciation for the leadership and direction provided by Mr. R. A. Shah over the years as Non Executive Chairman of the Board. The Board approved the appointment of Dr. Bina Modi as Chairperson of the Board in succession to Mr. R. A. Shah from the conclusion of the forthcoming AGM, in addition to her position as the Managing Director & CEO of the Company.

This was considered desirable considering the leadership excellence shown by her in steering the company to greater heights in recent times. Dr. Bina Modi is currently the Managing Director & CEO of the Company and is credited with stellar performance of the Company during her current tenure. She is a businesswoman with interests in the multiple areas and has founded and built several successful businesses.

With her deep understanding of the K.K. Modi Group's intrinsic strengths and potentials, she plays a key role in aligning the core leadership team towards achieving the Company's goals. She has also been conferred with Ph, D. Honoris Causa degree by Dr. K.N. Modi University, Newai, Rajasthan.