Godfrey Phillips appoints Ruchir Modi non-executive director
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New Delhi: Cigarette maker Godfrey Phillips India Ltd on Wednesday said its shareholders have approved appointment of Ruchir Kumar Modi, son of former Indian Premier League chairman Lalit Modi, as non-executive director of the company.
The move comes six months after Ruchir was appointed additional director of the company.
The shareholders of the company, in its annual general meeting on 26 September, passed the resolution of Ruchir’s appointment as non-executive director with 99.3% votes, the company said in a BSE filing.
The shareholders also approved reappointment of Bina Modi on the board. Bina, who was retiring by rotation, is the wife of Krishan Kumar Modi, head of KK Modi Group. Godfrey Phillips India is the flagship company of KK Modi Group.