Godfrey Phillips India Limited informed that consequent upon the decision of the Board of Directors at its meeting held on 12th April 2024 to exit from carrying out the business operations of its retail business division being operated under the name "24Seven", the services of Mr. Kunal Gupta, designated as Retail Business Division CEO, being a senior management personnel, are being discontinued with effect from April 16,2024 . Reason for cessation: Discontinuation pursuant to organizational changes arising from decision of the Company to exit from carrying out the business operations of its retail business division.