Outcome of Board Meeting

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 July 28, 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(s)/Madam(s), Sub: Outcome of the Board Meeting - Disclosure under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Further to our intimations dated July 21, 2026 and pursuant to applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘Listing Regulations’), we wish to inform you that the Board of Directors of The Phoenix Mills Limited (‘Company’) at its meeting held today viz. Tuesday, July 28, 2026, has inter alia, considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. In this regard, please find enclosed the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, in compliance with the requirements of Listing Regulations. The meeting of the Board of Directors of the Company commenced at 04:15 p.m. (IST) and concluded at 04:57 p.m. (IST). The intimation along with the aforesaid Financial Results are also being uploaded on the Company’s website at https://www.thephoenixmills.com/investors/FY2027/Financial- Results. You are requested to take the aforesaid information on record. Thanking you, Yours Faithfully, For The Phoenix Mills Limited Bhavik Gala Company Secretary Mem. No. F8671 Enclosures: 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 & Associates LLP CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of The Phoenix Mills Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended Review Report To The Board of Directors The Phoenix Mills Limited I. We have reviewed the accompanying statement of "Unaudited Standalone Financial Results" of The Phoenix Mills Limited ("the Company") for the quarter ended 30 June, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement. For D TS & Associates LLP Chartered Accountants (Firm's Registration No. 142412W/Wl00595) Umesh B. Nayak Partner Membership No. 101183 UDIN: 26101 l83YOLDRL3237 Place: Mumbai Date: 28 July, 2026 REGO. OFFICE: 45-46, MIHAL COURT, C WING, 4th FLOOR, NARIMAN POINT, MUMBAI -400 021. PHONE: +91 22 4973 2396 / 4605 4964 WEB.: www.dtsa.in BRANCH OFFICE: 604, NORTH BLOCK, REAR WING, MANI PAL CENTRE, DICKENSON ROAD, BENGALURU - 560 042. THE PHOENIX MILLS LIMITED Regd. Office :-462, Senapati Bapat Marg, Lower Pare!, Mumbai -400013, CIN: LI 71 00MHI 905PLC000200 Tel : (022) 3001 6600 E-mail: investorrelations@phoenixmills.comWebsite:www.thephoenixmills.com UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 ( ,in Lakhs) Particulars Quarter Ended Year Ended 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited 1 Income Net Sales / Income from Operations 14,744.62 13,544.55 12,553.42 54,394.09 Other Income 620.22 713.69 563.19 13532.56 Total Income JS.364.84 14 258.24 13,116.61 67,926.65 2 Expenses a} Employee Benefits Expenses 971.38 670.67 1,088.84 3,938.98 b) Finance Cost 1,358.25 1,376.13 1,708.22 6,637.46 c) Electricity Expenses 533.62 393.48 343.02 1,666.23 d) Depreciation and Amortisation Expenses (Refer note 4) 2,036.33 1,522.08 2,228.53 7,040.62 e) Other Expenses 3 195.71 3,266.35 2 963.00 12,985.97 Total Expenses 8,095.29 7,228.71 8,331.61 32 269.26 3 Profit before Exceptional items (1-2) 7,269.55 7,029.53 4,785.00 35,657.39 4 Exceptional Items (net of taxes) (Refer note 2) - (443.47) - (2,948.97) 5 Profil before tax (3+4) 7,269.55 6,586.06 4,785.00 32,708.42 6 Tax expense" 1,114.86 1,106.47 713.21 5,640.95 7 Net Profit for the period (S-6) 6,154.69 5,479.59 4,071.79 27,067.47 8 Other Comprehensive Income/(loss) (net of taxes) 150.67 (139.71) 35.12 (137.54) 9 Total Comprehensive Income for the period (7+8) 6,305.36 5,339.88 4,106.91 26,929.93 JO Paid-up equity share capital (Face Value t 2/-per share) (Refer note 3) 7,152.81 7,152.69 7,150.47 7,152.69 II Other Equity 5,43,229.15 12 Earnings per equity share (Not Annualised for the Quarter) Basic EPS (t) (Before exceptional item) 1.72 1.66 1.14 8.39 Diluted EPS (t) (Before exceptional item) 1.72 1.66 1.14 8.39 Basic EPS (t) (After exceptional item) 1.72 1.53 1.14 7.57 Diluted EPS (After exceptional item) 1.72 1.53 1.14 7.57 " Tax expenses are excluding the current tax and deferred tax on exceptional item. Notes:- 1 The above Unaudited Standalone Financial Results of The Phoenix Mills Limited ('the Company') for the quarter ended 30 June 2026 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 28 July 2026. 2 Exceptional Items: During the financial year ended 31 March 2026, the Company had recognised total exceptional losses aggregating to t 2,948.97 Lakhs, comprising the following: a [Showing first 8,000 characters — download PDF for full document]