General Updates

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 08, 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, Subject – Business Update - Intimation under Regulation 30 of SEBI (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, (“Listing Regulations”), please find attached herewith Operational Business Update of the Company for the quarter ended June 30, 2026. The aforesaid information is also being uploaded on the Company’s website https://www.thephoenixmills.com/investors/FY2027/Quarterly-Operational-Updates. 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 : info@thephoenixmills.com www.thephoenixmills.com The Phoenix Mills Limited Operational Business Update: Q1 FY27 The Phoenix Mills Limited commenced FY27 on a strong note with healthy operating performance across its businesses. During Q1 FY27, retail continued its robust performance with consumption growth at 32% YoY, office leasing momentum remained healthy with improved occupancy, hospitality delivered higher occupancy and double-digit RevPAR growth, while the residential portfolio continued monetising premium ready inventory. Retail: • Portfolio consumption for Q1 FY27 stood at Rs. 4,727 crores, reflecting 32% YoY growth, delivered from the existing operational portfolio. • Performance was supported by healthy consumption trends across the portfolio, with double- digit growth across most assets. Select assets continued to progress through planned repositioning and premiumisation initiatives aimed at enhancing tenant mix, customer experience and asset positioning. • During the quarter, Phoenix MarketCity Pune was relaunched as Phoenix Avenue of Stars, marking the next phase in the asset’s evolution with a refreshed brand mix aligned to Pune’s premium, experience-led consumption landscape. Commercial Offices: • The commercial office portfolio continued to witness occupier interest across key markets, with portfolio leased occupancy improving to 72% as of June 2026 from 70% as of March 2026.* • Gross leasing of ~1.9 lakh sq. ft. was completed during the quarter. • Leasing activity remains encouraging, with advanced-stage discussions across assets providing visibility on further occupancy improvement. *Includes: Art Guild House, The Centrium and Phoenix Paragon in Mumbai, Fountainhead and Millennium Towers in Pune, Phoenix Asia Towers in Bengaluru and One National Park in Chennai. Hospitality: • The hotel portfolio continued to deliver strong performance during Q1 FY27, with The St. Regis, Mumbai and Courtyard by Marriott Agra recording RevPAR growth of 15% YoY and 23% YoY, respectively, supported by healthy occupancies and double-digit ARR growth. Residential: • For the quarter, residential sales stood at Rs. 64 crores, while collections stood at Rs. 51 crores. • The business continued to focus on monetisation of premium ready inventory. Supported by strong consumption trends, continued office leasing momentum, positive hospitality performance and its established retail-led platform, the Company remains focused on driving sustainable long-term growth. Note: The above figures are provisional and unaudited, and are subject to finalization and audit adjustments. --------------------xx-------------------- Page 1 of 1