Phoenix Mills Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing details the company's environmental performance, employee safety metrics, and governance disclosures as mandated by SEBI regulations.

The report covers standalone operations, primarily the Phoenix Palladium Mall and Phoenix Houses in Mumbai. TUV SUD South Asia Private Limited provided reasonable assurance for the core indicators disclosed in the report.

Environmental Performance

The company reported total energy consumption of 59,489.51 GJ for FY26, an increase from 48,910.5 GJ in FY25. Renewable energy consumption dropped significantly to 201.01 GJ from 37,741.83 GJ in the prior year. Consequently, Scope 2 greenhouse gas emissions rose to 11,788 tCO2e, compared to 2,255.25 tCO2e in FY25. Total Scope 1 and Scope 2 emissions reached 11,997.19 tCO2e.

Water withdrawal decreased to 1,55,064 kiloliters from 1,76,550 kiloliters in FY25. The company discharged 19,341 kiloliters of treated wastewater after expanding its Sewage Treatment Plant capacity to 800 cubic meters per day. No untreated wastewater was discharged.

Waste Management

Total waste generated increased to 598.477 metric tonnes from 194.96 metric tonnes in FY25. Notably, the company recycled 100% of the waste generated during FY26. Non-hazardous waste accounted for the majority of this volume at 560.974 metric tonnes.

Employee Safety and Wellbeing

Phoenix Mills reported zero lost-time injuries for employees in FY26, improving from a frequency rate of 1.57 in FY25. There were no fatalities or high-consequence work-related injuries. The company spent 0.05% of its total revenue on employee wellbeing measures, down from 0.13% in FY25.

Governance and Stakeholders

The company received 9,424 complaints from retail tenants, all resolved within a 48-hour turnaround time. Shareholder complaints fell to 3 from 8 in the previous year. Related-party transactions accounted for 11.86% of purchases and 1.50% of sales. Investments in related parties constituted 94.99% of total investments made by the entity.

What the Numbers Show

The divergence between rising total waste generation (598.477 metric tonnes) and a 100% recycling rate indicates a significant scaling of circular economy practices compared to FY25, where only 25.8% of waste was recycled. However, the sharp decline in renewable energy consumption alongside rising Scope 2 emissions suggests a temporary shift away from green power sources during the reporting period.

Phoenix Mills has scheduled its 121st Annual General Meeting for Monday, September 28, 2026, at 2:30 pm (IST). The company also released its integrated annual report for FY26 on September 4, 2026.

The meeting will be held through Video Conferencing or Other Audio-Visual Means in compliance with the Companies Act, 2013 and SEBI Listing Regulations. The Board of Directors recommended a final dividend of ₹2.50 per equity share during its meeting on April 27, 2026. The payout applies to shares with a face value of ₹2 each, representing a 125% dividend rate for the financial year ended March 31, 2026.

Key Dates and Eligibility

The company fixed Friday, September 11, 2026, as the record date for determining entitlement to the final dividend. This complies with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders eligible for the dividend must appear as beneficial owners in the records of National Securities Depository Limited or Central Depository Services (India) Limited, or as members in the company's register, as of the close of business on the record date.

The dividend will be paid within the statutory timeline on or after Wednesday, September 30, 2026, subject to applicable tax deductions at source. The annual report for FY26 and the notice convening the AGM are now available on the company's website and stock exchange portals.

Director Reappointment

The AGM agenda also includes the reappointment of Mr. Rajesh Kulkarni (DIN: 03134336) as a Whole-time Director. He retires by rotation at this meeting and, being eligible, has offered himself for reappointment.

Mr. Kulkarni brings over 35 years of experience in design and project management. He has been associated with the company for nearly 20 years and played a critical role in delivering landmark real estate developments. For FY25-26, his remuneration was ₹3,13,45,900, excluding perquisites. He attended all five board meetings held during the year.