No bar on Bina Modi to vote at Godfrey Phillips AGM: HC
Business Standard|September 06, 2024
The Delhi High Court has cleared the way for Bina Modi, widow of industrialist K K Modi, to vote as a managing trustee of the K K Modi Family Trust at the 87th annual general meeting (AGM) of Godfrey Phillips India (GPI) on September 6, rejecting her grandson Ruchir Modi's plea to stop her from voting.
BHAVINI MISHRA
No bar on Bina Modi to vote at Godfrey Phillips AGM: HC

"I find no merit in the present application. The same is dismissed," Justice Navin Chawla said.

The AGM will decide on the leadership of GPI.

The court has also directed Bina Modi to file an affidavit on a halfyearly basis on the remuneration and benefits she received as managing director (MD) of the company. It also said if it passed a direction against her appointment as MD then she would resign without claiming equity and this should be stated at the AGM on Friday.

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