Godfrey Phillips India shares in focus following arrest of director Samir Modi – News Air Insight

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Shares of Godfrey Phillips India may come under investor radar on Friday, September 19, following the arrest of company director Samir Modi in Delhi on charges of rape. Delhi Police confirmed that Modi was arrested on Thursday by personnel from the New Friends Colony police station after a former employee of the company filed a formal complaint.

The woman, who previously worked at Godfrey Phillips, alleged that Samir Modi sexually assaulted her repeatedly since 2019.

The FIR was registered on September 10. Modi’s legal team has claimed that the allegations are false and an attempt to extort money.

Samir Modi is the son of Godfrey Phillips India chairperson Bina Modi and the brother of fugitive businessman Lalit Modi. He has been at the centre of a long-running family and corporate feud within the Modi business empire, which was founded by his father, K.K. Modi.

In August 2024, Samir Modi was removed from the board of Godfrey Phillips after a fallout with his mother and other directors. His ouster came amidst tensions within the company’s leadership. In May 2024, he had alleged that he was physically assaulted during a board meeting by his mother’s personal security officer.


Earlier this year, Modi was acquitted in a defamation case filed against him by three independent directors of Godfrey Phillips, Lalit Bhasin, Nirmala Bagri, and Atul Kumar Gupta.The case alleged that Modi had made damaging remarks about the directors during a period of boardroom disputes. A South Delhi court dismissed the charges in May 2025.Also read: India’s $3.5 trillion gold holdings show it’s far from a ‘dead economy’: Gurmeet Chadha

Following the assault allegation, Modi had accused his mother, Bina Modi and senior board members of plotting against him. However, Delhi Police did not file charges against them, though Bina Modi’s security officer, Surendra Prasad, was named in the case.

On Thursday, Godfrey Phillips India shares ended 2.2% lower at Rs 3,493.95 on the BSE.

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