please refer 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 Date: August 13, 2026 BSE Limited. National Stock Exchange of India Limited. Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400001 Bandra (E),Mumbai – 400051 (Security code: 503100) (Symbol: PHOENIXLTD) Dear Sir/Madam, Sub: - Communication to Shareholders- Intimation on deduction of tax at source on final dividend recommended for the financial year ended March 31, 2026 Please find enclosed herewith an email Communication sent to all the Shareholders of the Company whose email IDs are registered with the Company/Depositories/Registrar to an issue and share Transfer Agent, with respect to intimation on Tax Deduction at Source (TDS)/ withholding tax on Dividend recommended for the financial year ended March 31, 2026. This Intimation is also being uploaded on the Company’s website at: https://www.thephoenixmills.com/investors/FY2027/Exchange-Intimations. We request you to take the above information 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 : info@thephoenixmills.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 Fax: (022) 3001 6601 CIN No.: L17100MH1905PLC000200 THE PHOENIX MILLS LIMITED Registered Office: 462, Senapati Bapat Marg, Lower Parel, Mumbai - 400013 CIN: L17100MH1905PLC000200, Phone: +91 22 3001 6600 E-mail: investorrelations@phoenixmills.com; Website: www.thephoenixmills.com Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend for Tax Year 2026-27 August 13, 2026 Dear Member, We are pleased to inform you that the Board of Directors at its Meeting held on April 27, 2026, have recommended a Final Dividend of Rs. 2.50 per equity share (125%) of face value of Rs.2/- each for the financial year ended March 31, 2026. The dividend, as recommended by the Board, if declared at the ensuing 121st Annual General Meeting (“AGM”), will be paid to eligible shareholders within 30 days of the date of its declaration. Pursuant to the provisions of Income Tax Act, 2025 (“IT Act, 2025”), dividend income is taxable in the hands of shareholders and the company is required to deduct tax at source (TDS) at the rates applicable prescribed in the IT Act, 2025 or Tax treaty at the time of making payment of the dividend. FOR ALL SHAREHOLDERS - UPDATION OF DETAILS, AS APPLICABLE All shareholders are requested to ensure that the below information and details are completed and/or updated, as applicable, in their respective demat account(s) maintained with the Depository participant(s); or in case of shares held in physical form, with MUFG Intime India Private Limited, Company’s Registrar to an issue and Share Transfer Agent (“RTA”). a. Valid Permanent Account Number (PAN). b. Residential status as per the IT Act i.e., Resident or Non-Resident for Tax Year 2026-27. c. Category of the Shareholder viz. Mutual Fund, Insurance Company, Alternate Investment Fund (AIF) Category I and II, AIF Category III, Government (Central/State Government), Foreign Portfolio Investor (FPI)/Foreign Institutional Investor (FII): Foreign Company, Others (being Individual, Firm, Trust, Artificial Juridical Person, etc.), Individual, Hindu Undivided Family 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 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 (HUF), Firm, Limited Liability Partnership (LLP), Association of Persons (AOP), Body of Individuals (BOI) or Artificial Juridical Person, Trust, Domestic Company, etc. d. Email Address e. Residential Address This communication summarizes the applicable TDS provisions in accordance with the provisions of the IT Act 2025, for various categories of members, including Resident or Non- Resident members. As per the SEBI Notification dated 18th November 2025 read with Master Circular for Registrars to an Issue and Share Transfer Agents dated 6th February 2026, companies are required to pay dividends to shareholders only through electronic mode. Accordingly, dividends will be withheld by the Company where bank details are inadequate or not registered for electronic remittance. The shareholders holding shares in physical form are requested to register their PAN and KYC details with the Company/RTA for release of outstanding dividend(s), while the shareholders holding shares in demat form are requested to update their bank details with their Depository Participant(s). TDS PROVISIONS AND DOCUMENTS REQUIRED, AS APPLICABLE FOR RELEVANT CATEGORY OF SHAREHOLDERS RESIDENT SHAREHOLDERS S. Particulars Applicable Documents Required, if any No. Tax Rate 1 Individual Shareholder receiving Nil Not applicable aggregate of total dividend not exceeding Rs. 10,000 from the Company during Tax Year 2026-27. 2 Shareholder with valid PAN (including 10% Shareholders to update / verify their PAN individual shareholders receiving and residential status as per the IT Act, if aggregate dividend in excess of Rs. not already done, with the Depository 10,000 from the Company during Tax Participant (if shares are held in DEMAT year 2026-27) form) and with the Company’s Registrar to an issue and Share Transfer Agent i.e., MUFG Intime India Private Limited, (if shares are held in Physical form). 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 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 3 Any resident individual Shareholder Nil Form 121 (As per Annexure 1) submitting Form 121 (Erstwhile Form Self-attested copy of PAN 15G /Form 15H) 4 Shareholder not having PAN/invalid 20% If PAN is not as per the database of the PAN U/s 397(2) of the IT Act. income tax portal, it would be considered as an invalid PAN. Further, as per Section 262(6) of the Income Tax Act, 2025, If PAN is not linked with Aadhaar, then the PAN may be considered as invalid. 5 Mutual Funds Nil a. Self-attested copy of PAN b. Copy of registration certificate issued by SEBI. c. Self-declaration that it is covered under Schedule VII to section 11 of the IT Act, 2025 6 Insurance Companies Nil a. Self-attested copy of PAN b. Copy of registration certificate issued by IRDAI. c. Self-declaration that it has full beneficial interest with respect to shares owned by it along with adequate documentary evidence to the effect that no tax withholding is required as per provisions of Section 393 (1) of the IT Act 2025. 7 Category I and II Alternative Investment Nil a. Self-attested copy of PAN Fund b. Copy of registration certificate issued by SEBI. c. Self-declaration that its dividend income is not chargeable under the head 'Profit and Gains of Business or Profession' 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 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.: L17100MH19 [Showing first 8,000 characters — download PDF for full document]