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 CIN No : L17100MH1905PLC000200 August 10, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code: 503100 Symbol: PHOENIXLTD Dear Sir/Madam, Subject - Intimation pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mindstone Mall Developers Private Limited (“Mindstone”), a Subsidiary Company of the Company, has today allotted 3,50,81,328 equity shares of face value of Rs. 10/- each at a premium of Rs. 18.50/- for cash for an aggregate consideration of Rs. 99,98,17,848/- to the existing shareholders on right basis in the proportion of their existing shareholding. Pursuant to the aforesaid subscription to equity shares of Mindstone on a rights basis by the Company and CPP Investment Board Private Holdings (4) Inc. (“CPP Investment”) there is no change in the shareholding of the Company and CPP Investment in Mindstone and they continue to hold 51% and 49% stake respectively. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with applicable SEBI Circular(s) are given in Annexure A to this letter The aforesaid information is also being uploaded on the Company’s website at https://www.thephoenixmills.com/investors/FY2027/Exchange-Intimations. We request you to kindly take the same on record. Thanking you. Yours faithfully, For The Phoenix Mills Limited Bhavik Gala Company Secretary Membership No. F8671 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: secretarial@phoenixmills.com www.thephoenixmills.com 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 CIN No : L17100MH1905PLC000200 Annexure A Acquisition (including agreement to acquire) Sr. Details of Events that Information of such events No. need to be provided 1. Name of the target entity, Mindstone Mall Developers Private Limited details in brief such as (‘Mindstone’) is an Indian Company incorporated on size, turnover etc. June 18, 2018. Turnover: Nil Net Worth: 568.14 Crores 2. Whether the acquisition Mindstone is a subsidiary company of the Company would fall within and as such a Related Party of the Company. related party transaction(s) and The investment by the Company in the proposed Rights whether the promoter/ Issue of Mindstone does not fall within the ambit of promoter group/ group Related Party Transactions as per Listing Regulations. companies have any interest in the entity The promoter/promoter group of the Company do not being acquired? have any interest in the proposed Transaction. If yes, nature of interest and details thereof and whether the same is done at “arms length” 3. Industry to which the Real Estate Development entity being acquired belongs 4. Objects and effects of Investment in Proposed Rights Issue. acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) 5. Brief details of any Not Applicable governmental or 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: secretarial@phoenixmills.com www.thephoenixmills.com 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 CIN No : L17100MH1905PLC000200 regulatory approvals required for the acquisition 6. Indicative time period The equity shares on Rights basis have been allotted by for completion of the Mindstone to the Company and CPP Investment on acquisition August 10, 2026. 7. Nature of consideration Cash -whether cash consideration or share swap and details of the same 8. Cost of acquisition or the 1,78,91,477 equity shares were allotted to the Company price at which the shares for cash at a price of Rs. 28.50/- per fully paid up equity are acquired share of face value of Rs. 10/- each (which includes premium of Rs. 18.50/- per fully paid up equity share of Rs. 10 each) aggregating to Rs. 50,99,07,094.50/- 9. Percentage of Pursuant to the aforesaid subscription to equity shares shareholding / control of Mindstone on a rights basis by the Company and CPP acquired and / or Investment, there is no change in the shareholding of the number of shares Company and CPP Investment in Mindstone and they acquired continue to hold 51% and 49% stake respectively. 10. Brief background about Mindstone is an Indian Company incorporated on June the entity acquired in 18, 2018. terms of products/line of business acquired, The Phoenix Mills Limited is a promoter and holding date of incorporation, company of Mindstone. history of last 3 years turnover, country in Mindstone is engaged in the activities pertaining to which the acquired operation, management and leasing of mall. entity has presence and any other significant Market Presence: India information (in brief) Turnover of Last Three years: (Rs. in Crores) Particulars FY-24-25 FY-23-24 25-26 Turnover Nil Nil Nil PAT -0.35 -3.38 -1.23 Net worth 568.14 568.47 57.19 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: secretarial@phoenixmills.com www.thephoenixmills.com