Please refer the attached letter.

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601 CIN No : L17100MH1905PLC000200 September 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra East, Mumbai- 400 001 Mumbai- 400051 Security code: 503100 Symbol: PHOENIXLTD Dear Sir/ Madam, Sub: Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026 In terms of provisions of Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith the Business Responsibility and Sustainability Report (“BRSR”) for the financial year ended March 31, 2026, which forms part of the Integrated Annual Report of the Company. The aforementioned BRSR is also available on the website of the Company at https://www.thephoenixmills.com/investors/FY2026/Annual-Report. You are requested to take the above on record. Thanking you. For The Phoenix Mills Limited Bhavik Gala Company Secretary Membership No. F8671 Encl.: As above Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel.: (022) 2496 4307 / 8 / 9 Fax: (022) 2493 8388 E-mail: info@thephoenixmills.com www.thephoenixmills.com Business Responsibility And Sustainability Report BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT Section A: General Disclosures I. Details of the Company: 1. Corporate Identity Number L17100MH1905PLC000200 (CIN) of the Company 2. Name of the Company The Phoenix Mills Limited 3. Year of Incorporation 1905 4. Registered office address 462 Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra 5. Corporate office address Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E Moses Road, Mahalaxmi, Mumbai - 400011, Maharashtra 6. E-mail id secretarial@phoenixmills.com 7. Telephone (022) 3001 6600 8. Website www.thephoenixmills.com 9. Financial year for which April 01, 2025 to March 31, 2026 reporting is being done 10. Name of the Stock Exchange(s) National Stock Exchange of India Limited (‘NSE’) and BSE Limited (‘BSE’) where shares are listed 11. Paid-up capital Rs. 71,52,69,262 (as on March 31, 2026) 12. Name and contact details of the Mr. Shishir Shrivastava person who may be contacted Non-Executive Non - Independent Director and Vice Chairman in case of any queries on the investorrelations@phoenixmills.com BRSR report +91 22 30016600 13. Reporting boundary The disclosures under this report are made on a standalone basis. 14. Name of assurance provider TUV SUD South Asia Private Limited 15. Type of assurance obtained Reasonable Assurance for Core Indicators II. Products/services 16. Details of business activities (accounting for 90% of the turnover): Sr. Description of Main Description of Business Activity % of Turnover of the Entity No Activity 1. Real Estate Activities Real Estate Activities with own properties 100% with own properties 17. Products/Services sold by the entity (accounting for 90% of the entity’s turnover): Sr. % of Total Turnover Product/Service NIC Code No Contributed 1. Renting/Leasing of property 6810 100% III. Operations 18. Number of locations where plants and/or operations/offices of the Company are situated: Location Number of Plants Number of offices Total National 0 2 2 International 0 0 0 Note: The Company’s operations on a standalone basis include operations of the Phoenix Palladium Mall and Phoenix Houses (commercial offices) located at Lower Parel, Mumbai. Accordingly, the numerical data given in the BRSR pertains to these assets. INTEGRATED ANNUAL REPORT 2025-26 01 19. Markets served by the Company: a. Number of locations Locations Number National (No. of States) 1 International (No. of Countries) Nil b. What is the contribution of exports as a percentage of the total turnover of the Company? Nil – The Company does not export any product/service. c. A brief on types of customers: PML, at a Group Level, caters to a diverse range of customers, primarily focused on: 1. Retail Shoppers: These are individuals and families who visit PML’s large, city-centre malls for shopping, dining, and entertainment. The malls feature a mix of international, national, and local brands, along with various dining options and entertainment zones. 2. Commercial Tenants: Businesses that lease office space in PML’s Grade A commercial offices, which are integrated with retail properties. These tenants come from various industries, benefiting from the amenities and strategic locations of PML’s properties. 3. Retail Partners: Retailers that lease space in PML’s malls to reach a broad customer base. These include renowned international brands, national chains, and local businesses seeking a presence in prime retail locations. 4. Residential Buyers: Individuals and families who purchase homes within PML’s residential developments. These customers value thoughtful design, amenities and the lifestyle advantages of well-connected, city- centre locations. IV. Employees 20. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Total Male Female Particulars No. (A) No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 96 72 75% 24 25% 2. Other than Permanent (E) NA NA NA NA NA 3. Total employees (D + E) 96 72 75% 24 25% WORKERS 4. Permanent (F) NA NA NA NA NA 5. Other than Permanent (G) NA NA NA NA NA 6. Total workers (F + G) NA NA NA NA NA Note: Laborers employed through contractors and their subcontractors are not on the direct payroll of the Company and hence, these laborers are not being classified as workers of the Company. b. Differently abled employees and workers: S. Total Male Female Particulars No. (A) No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) NA NA NA NA NA 2. Other than Permanent (E) NA NA NA NA NA 3. Total differently abled employees (D + E) NA NA NA NA NA DIFFERENTLY ABLED WORKERS 4. Permanent (F) NA NA NA NA NA 5. Other than Permanent (G) NA NA NA NA NA 6. Total differently abled workers (F + G) NA NA NA NA NA 02 The Phoenix Mills Limited Business Responsibility And Sustainability Report 21. Participation/Inclusion/Representation of women: No. and percentage of Females Category Total (A) No. (B) %(B/A) Board of Directors 8 2 25% Key Managerial Personnel* 2 0 0% *KMP other than Board of Directors 22. Turnover rate for permanent employees and workers: (Disclose trends for the past 3 years) FY 2025-26 FY 2024-25 FY 2023-24 Category Male Female Total Male Female Total Male Female Total Permanent Employees 29% 13% 42% 20% 9% 29% 9% 11% 20% Permanent Workers NA NA NA NA NA NA NA NA NA V. Holding, Subsidiary and Associate Companies (including joint ventures) 23. (a) Names of holding/subsidiary/associate/joint ventures: Does the Entity Indicated Indicate Whether % of Shares at Column A, Participate in S. Name of the Holding/Subsidiary/ Holding/ Subsidiary/ Held by Listed the Business Responsibility No. Associates/Joint Ventures (A) Associate/Joint Entity* Initiatives of the Listed Venture Entity? (Yes/No) 1. Alyssum Developers Private Subsidiary 58.34 No Limited 2. Alliance Spaces Private Limited Wholly Owned 100.00 No Subsidiary 3. Astrea Real Estate Developers Subsidiary 67.10 No Private Limited 4. Big Apple Real Estate Private Wholly Owned 100.00 No Limited Subsidiary 5. Bellona Hospitality Services Wholly Owned 100.00 No Limited Subsidiary 6. Blackwood Developers Private Wholly Owned 100.00 No Limited Subsidiary 7. Butala Farm Lands Private Limited Wholly Owned 100.00 No Subsidiary 8. Casper Realty Private Limited Wholly Owned 100.00 No Subsidiary 9. Classic Mall Development Wholly Owned 100.00 No Company Limited Subsidiary 10. Classic Housing Projects Private Associate 50.00 No Limited 11. Columbus Investment Advisory LLP Associate 50.00 No 12. Coimbatore Sameera Investments [Showing first 8,000 characters — download PDF for full document]