Phoenix mills has completed the allotment of 22,559 equity shares to employees under its Employee Stock Option Plan 2018, as approved by the Compensation Committee of the Board of Directors on March 12, 2026. The shares carry a face value of ₹2 each and were issued as fully paid-up equity shares to grantees who exercised their stock options.

Share Capital Impact

The allotment has resulted in an increase in the company's paid-up equity share capital. The following table shows the before and after position:

ESOP Details

The shares were allotted pursuant to The Phoenix Mills Limited - Employees' Stock Option Plan 2018. Key details of the allotment include:

• Shares Allotted: 22,559 equity shares
• Face Value: ₹2 per share
• Nature: Fully paid-up equity shares
• Approval Date: March 12, 2026
• Approving Authority: Compensation Committee of the Board of Directors

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about this allotment in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015. The intimation has also been uploaded on the company's website for investor reference.

Corporate Information

Phoenix Mills operates from its corporate office located at Shree Laxmi Woolen Mills Estate, Mahalaxmi, Mumbai. The company is listed on both BSE (Security code: 503100) and NSE (Symbol: PHOENIXLTD) and maintains transparency in its corporate communications through regular disclosures to stock exchanges.

The Phoenix Mills has announced the successful completion of a strategic equity acquisition by its subsidiary Classic Mall Development Company Limited. The transaction involves acquiring a significant stake in Torrent Urja 22 Private Limited for renewable energy supply, marking an important step in the company's sustainable energy procurement strategy.

Share Acquisition Details

The acquisition involved the following key parameters:

Strategic Partnership Framework

The share acquisition is part of a comprehensive Security Subscription and Shareholders' Agreement executed on November 28, 2025. The strategic partnership involves multiple entities working towards renewable energy objectives:

• Classic Mall Development Company Limited (Phoenix Mills subsidiary)
• Torrent Green Energy Private Limited
• Torrent Urja 22 Private Limited

The partnership specifically focuses on subscribing to equity shares for purchasing renewable energy generated from captive generating plants, aligning with the company's sustainability initiatives.

Regulatory Compliance and Disclosure

Phoenix Mills has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has updated both BSE Limited and National Stock Exchange of India Limited about the completion of the acquisition process.

The information has been made available on the company's official website under the investor relations section, ensuring transparency and accessibility for stakeholders. This development provides a complete update on the renewable energy investment initiative following the company's earlier intimation.