Phoenix Mills participated in the 2026 Jefferies India Forum on Thursday, September 17, 2026, in Gurugram. The company briefed institutional investors on its general business overview and industry updates during group meetings organized by Jefferies.

The interaction followed an advance intimation filed with the BSE and NSE on September 11, 2026. Bhavik Gala, Company Secretary of Phoenix Mills Limited, signed the outcome disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The investor interaction was conducted in a physical mode at Gurugram. The company noted that details were subject to change due to exigencies on the part of investors or the company.

This intimation has been uploaded to the company's website for record purposes.

Phoenix Mills confirmed that September 10, 2026 is the effective date for the merger of six step-down subsidiaries with Astrea Real Estate Developers Private Limited. The National Company Law Tribunal (NCLT), Chennai Bench, had sanctioned the scheme earlier this month.

The company filed the Certified True Copy of the NCLT order in e-Form INC 28 with its Jurisdictional Registrar of Companies on September 10, 2026. This filing formalizes the amalgamation under Sections 230 to 232 of the Companies Act, 2013.

The transferor companies merging into Astrea Real Estate Developers Private Limited are 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.

Phoenix Mills initially disclosed the NCLT approval on September 5, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The current intimation updates stakeholders on the procedural completion of the merger.

This restructuring follows an earlier communication dated January 30, 2025, regarding the proposed scheme. The intimation has been uploaded to the company's investor relations website for record.