Phoenix Mills has confirmed the successful completion of its non-deal roadshow with institutional investors in Chennai on Thursday, May 14, 2026. The outcome was filed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an advance intimation submitted by the company on May 08, 2026.

Investor Meeting Outcome

The company participated in group meetings with institutional investors, organised by Avendus Spark. During the interaction, investors were briefed on the general business overview of the company and industry updates. The key details of the completed investor interaction are summarised below:

Regulatory Compliance

The outcome intimation has been filed in compliance with the applicable SEBI listing regulations and has also been uploaded on the company's official website. The filing was digitally signed by Bhavik Gala, Company Secretary, Membership No. F8671, on May 14, 2026.

The Phoenix Mills Limited has informed stock exchanges that its shareholding in associate company Mirabel Entertainment Private Limited has been diluted following a rights issue conducted on May 07, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details

On May 07, 2026, Mirabel Entertainment Private Limited made an allotment of 4,35,000 (Four Lakh Thirty Five Thousand) equity shares of face value Rs. 10/- (Rupees Ten only) each by way of a rights issue to an existing shareholder of Mirabel. Phoenix Mills did not participate in the said rights issue, which resulted in a dilution of its proportionate stake in the associate company.

The key parameters of the rights issue and its impact are summarised below:

Impact on Shareholding and Associate Status

As a direct consequence of the rights issue, the paid-up share capital of Mirabel Entertainment Private Limited has increased to Rs. 1,49,90,000/- (Rupees One Crore Forty-Nine Lakh Ninety Thousand only). Phoenix Mills' shareholding in Mirabel has consequently been diluted from 50.00% to 35.49% of the total shareholding and voting rights. Notwithstanding this dilution, Mirabel Entertainment Private Limited continues to be classified as an associate company of Phoenix Mills.

The intimation was signed by Bhavik Gala, Company Secretary (Membership No. F8671), on behalf of The Phoenix Mills Limited, and the relevant information has been uploaded on the company's investor relations website.