The Phoenix Mills Ltd

The Phoenix Mills Ltd, through its subsidiary Offbeat Developers Private Limited, has received an allotment of Equity Shares and Series B Compulsory Convertible Debentures in O2 Renewable XXVIII Private Limited. This allotment is part of an earlier agreement to meet captive user requirements for renewable energy. Following the allotment on August 19, 2026, The Phoenix Mills Ltd and Offbeat collectively hold a 45.00% equity stake in O2 Renewable XXVIII. The company has also updated its website with this information.

The Phoenix Mills Ltd. announced that its Board of Directors has recommended a final dividend of ₹2.50 per equity share (125%) for the financial year ended March 31, 2026. This dividend, if declared at the upcoming 121st Annual General Meeting (AGM), will be paid to eligible shareholders within 30 days of its declaration. The company has also issued an intimation to shareholders regarding Tax Deduction at Source (TDS) or withholding tax on this dividend, as per the Income Tax Act, 2025. Shareholders are urged to update their PAN, residential status, and other details with their depository participants or the company's Registrar to an issue (RTA) to ensure smooth dividend payment and correct TDS application.

Mindstone Mall Developers Private Limited, a subsidiary of The Phoenix Mills Ltd, has allotted 3,50,81,328 equity shares of face value Rs. 10 each at a premium of Rs. 18.50 for cash, aggregating Rs. 99,98,17,848/-. The allotment was made on a rights basis to existing shareholders. The company and CPP Investment Board Private Holdings (4) Inc. continue to hold 51% and 49% stakes respectively in Mindstone, with no change in their shareholding percentages post-allotment. Mindstone, incorporated in June 2018, is involved in real estate development and has a net worth of ₹568.14 Crores. The investment by Phoenix Mills in this rights issue is not considered a related party transaction under Listing Regulations.

The Phoenix Mills Ltd, through its subsidiary Offbeat Developers Private Limited, has entered into an amendment to a Security Subscription and Shareholders' Agreement (SSSA) with JSW Neo Energy Limited and O2 Renewable Energy XXVIII Private Limited. This agreement involves subscribing to Equity Shares and Series B Compulsory Convertible Debentures of O2 Renewable Energy XXVIII. The investment, totaling ₹5,76,90,000, aims to meet captive user requirements for renewable energy purchase, ensuring compliance with electricity regulations requiring a minimum 26% shareholding for captive status. The acquisition is expected to be completed within 30 business days.

The Phoenix Mills Limited announced that its Board of Directors, in a meeting held on July 28, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were prepared in accordance with Indian Accounting Standard 34 and comply with SEBI Listing Regulations. The company has uploaded these results on its website.

The Phoenix Mills Limited announced that its Board of Directors, in a meeting held on July 28, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were prepared in compliance with SEBI Listing Regulations and Indian Accounting Standards. The company has uploaded these results on its website for investors. The board meeting commenced at 4:15 p.m. IST and concluded at 4:57 p.m. IST.

The Phoenix Mills Ltd has announced that its Board of Directors will convene on July 28, 2026. The primary agenda for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. In line with SEBI regulations, the trading window for the company's securities will remain closed from July 1, 2026, until 48 hours after the financial results are declared. This announcement is also available on the company's investor relations website.

The Phoenix Mills Ltd reported a strong operational performance for Q1 FY27. Retail consumption grew 32% year-on-year to ₹4,727 crores, supported by healthy trends and repositioning initiatives, including the relaunch of Phoenix MarketCity Pune. The commercial office portfolio saw improved leased occupancy to 72% and gross leasing of approximately 1.9 lakh sq. ft. Hospitality delivered robust results, with The St. Regis, Mumbai, and Courtyard by Marriott Agra recording RevPAR growth of 15% and 23% YoY, respectively. Residential sales stood at ₹64 crores, with collections at ₹51 crores, focusing on monetizing premium ready inventory. The company aims for sustainable long-term growth across its diversified portfolio.

The Phoenix Mills Ltd has announced the closure of its trading window for all designated persons, effective July 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. The date for the Board of Directors' meeting to approve these results will be communicated separately. Designated persons are advised against trading in the company's securities during this period.

The Phoenix Mills Ltd's associate company, Mirabel Entertainment Private Limited, allotted 4,35,000 equity shares via a rights issue. Phoenix Mills did not participate, resulting in its shareholding in Mirabel being diluted from 50.00% to 35.49%. Mirabel remains an associate company. Mirabel's paid-up share capital increased to ₹1,49,90,000.