5031002026-11-125031002026-11-122026-11-12iso4217:INRxbrli:pure503100THE PHOENIX MILLS LIMITEDPHOENIXLTDNOTLISTEDINE211B01039Updatefalse2026-11-1213:13:002026-10-282026-10-282026-11-12Acquisition (including agreement to acquire)Pursuant to the Regulation 30 read with Schedule III of the Listing Regulations, we wish to inform you that the Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”), Mumbai Bench has vide its order dated October 27, 2026 (“NCLT Order”), approved the selective reduction of equity share capital of Island Star Mall Developers Private Limited (“ISMDPL”), by way of cancelling and extinguishing 3,25,69,360 (Three Crores Twenty Five Lakhs Sixty Nine Thousand Three Hundred and Sixty) fully paid-up equity shares of face value of Rs. 10/- (Indian Rupees Ten) each held by Canada Pension Plan Investment Board ("CPP Investments"), by payment of aggregate consideration of Rs. 1350,00,00,000/- (Indian Rupees One Thousand Three Hundred and Fifty Crores Only) by ISMDPL. Pursuant to aforesaid selective reduction of equity share capital of ISMDPL, the shareholding of the Company in ISMDPL has increased from 58.33% to 68.10% and that of CPP Investments decreased from 41.67% to 31.90% in ISMDPLTransaction Completed135000000002026-11-121