New Delhi: Cigarette maker Godfrey Phillips India today said its shareholders have approved appointment of Ruchir Kumar Modi, son of former IPL Chairman Lalit Modi as non-executive director of the company.
The move comes six months after Ruchir was appointed as an additional director of the company. The shareholders of the company, in its AGM held on September 26, 2016 passed the resolution of Ruchir's appointment as non-executive director with 99.3 per cent 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 K K Modi Group.
Godfrey Phillips India is a flagship company of the K K Modi Group. Shares of Godfrey Phillips were trading 0.78 per cent down at Rs 1,285.60 on BSE....