The Phoenix Mills Ltd

The Phoenix Mills Ltd has announced that its Board of Directors will convene on October 30, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Concurrently, the trading window for securities of the company will remain closed from October 1, 2026, until 48 hours after the declaration of these financial results. This information is also available on the company's investor relations website.

The Phoenix Mills Ltd announced that its subsidiary, SGH Realty Private Limited, and a step-down subsidiary, Truevalue Infrabuild Private Limited, have approved a Scheme of Amalgamation. Truevalue Infrabuild will be amalgamated with SGH Realty. The rationale includes simplifying the business structure, reducing overheads, optimizing resource utilization, and enhancing shareholder value. The transaction is subject to regulatory approvals from the Regional Director/National Company Law Tribunal. The transferor company, Truevalue Infrabuild, has a paid-up capital of ₹24.128 Lacs and a net worth of ₹3.70 Lacs as of September 30, 2026, with nil turnover. The transferee company, SGH Realty, has a paid-up capital of ₹1.001 Lacs, a net worth of ₹11139.54 Lacs, and a turnover of ₹10639.14 Lacs as of the same date. Both entities are related parties, but the transaction is clarified as not falling under Section 188 of the Companies Act, 2013, as per MCA circulars.

The Phoenix Mills Limited has announced a change in its reporting practice. Previously, the company issued a separate quarterly operational business update shortly after each quarter. Moving forward, from Q2 and H1 FY27, these key operating metrics will be consolidated and reported along with the quarterly financial results. This decision aims to streamline reporting and provide stakeholders with a unified view of both operational and financial performance. Consequently, a separate quarterly operational business update will no longer be issued.

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

The Phoenix Mills Limited held its 121st Annual General Meeting (AGM) on September 28, 2026, where all transacted business items were approved by shareholders with the requisite majority. The voting results, including remote e-voting and e-voting during the AGM, along with the Scrutinizer's Combined Report, have been filed and uploaded on the company's website. The meeting confirmed the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The company reported a total of 86,520 shareholders as of the cut-off date, September 21, 2026.

The Phoenix Mills Ltd presented its 121st Annual General Meeting (AGM) presentation on September 28, 2026. The presentation highlighted the company's diversified real estate platform, built for compounding, with significant growth targets across retail, offices, hospitality, and residential segments by 2030. For FY26, the company reported strong consolidated performance with revenue up 16% YoY to ₹4,423 Cr, EBITDA up 26% YoY to ₹2,637 Cr, and Net Profit up 24% YoY to ₹1,224 Cr. Operating Free Cash Flow also saw a 23% YoY increase to ₹2,140 Cr. The company emphasized resilient demand and driving efficiencies, achieving double-digit revenue growth without adding new mall capacity.

The Phoenix Mills Ltd has announced the effective date of the scheme of merger and amalgamation between its step-down subsidiary companies: Coimbatore Sameera Investments Private Limited, Dhanalakshmi Engineering Private Limited, Pulankinar Investment and Finance Private Limited, Shanthi Chandran Enterprisers Private Limited, Shanthi Chandran Investments Coimbatore Private Limited, and Sheela Traders Private Limited, with Astrea Real Estate Developers Private Limited, another subsidiary. This merger was approved by the Hon'ble National Company Law Tribunal, Chennai Bench. The certified true copy of the NCLT order sanctioning the scheme was filed with the Jurisdictional Registrar of Companies on September 10, 2026, marking the effective date.

The National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned the scheme of merger and amalgamation between six step-down subsidiary companies of The Phoenix Mills Ltd: Coimbatore Sameera Investments Private Limited, Dhanalakshmi Engineering Private Limited, Pulankinar Investment and Finance Private Limited, Shanthi Chandran Enterprisers Private Limited, Shanthi Chandran Investments Coimbatore Private Limited, and Sheela Traders Private Limited. These entities will merge with Astrea Real Estate Developers Private Limited, another subsidiary of The Phoenix Mills Ltd. The approval was granted under Sections 230 to 232 of the Companies Act, 2013. This corporate restructuring aims to streamline operations and consolidate the subsidiary structure within the real estate development arm.

The Phoenix Mills Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report, which forms part of the Integrated Annual Report, details the company's corporate identity, business activities primarily in real estate (renting/leasing of property), market reach, and employee statistics. The BRSR is available on the company's website and was provided with reasonable assurance for core indicators by TUV SUD South Asia Private Limited. The reporting boundary is standalone.

The Phoenix Mills Ltd has announced its 121st Annual General Meeting (AGM) scheduled for September 28, 2026, at 2:30 PM IST, to be conducted via Video Conferencing. The company is providing a web-link to its Integrated Annual Report for the Financial Year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This report, along with the AGM notice, is being sent to members who have not registered their email addresses. The link is also available on the company's website and stock exchange websites. Members are urged to update their email addresses for prompt communication.