The Phoenix Mills Ltd. — Capital/Financing Update 2025

Apr 16, 2025

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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

April 16, 2025

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 Sirs/Madam,

– Subject Intimation under Regulation 30 read with of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)

Ref: Update on Disclosure dated October 16, 2024

This is with reference to our earlier intimation dated October 16, 2024 wherein the Company had intimated regarding execution of Security Subscription and Shareholders’ Agreement between the Company’s subsidiary i.e. Alyssum Developers Private Limited ( ‘Alyssum’ ), O2 Renewable Energy XXIX Private Limited (‘O2 Renewable XXIX’) and O2 Energy SG PTE Limited (‘SSSA’) for subscribing to 3,82,760 (Three Lakhs Eighty Two Thousand Seven Hundred and Sixty) Equity shares of Rs. 10/- each and 34,450 (Thirty-Four Thousand Four Hundred and Fifty) Compulsory Convertible Debentures of Rs.1000/- each of O2 Renewable XXIX by Alyssum for purchase of renewable energy (electricity) generated from the captive generating plant .

In this connection, we would like to inform you that O2 Renewable XXIX has allotted 3,82,760 (Three Lakhs Eighty-Two Thousand Seven Hundred and Sixty) Equity shares of Rs. 10/- each and 34,450 (Thirty-Four Thousand Four Hundred and Fifty) Compulsory Convertible Debentures of Rs. 1000/- each to Alyssum on April 16, 2025.

Post the allotment of 3,82,760 Equity Shares, Alyssum holds 45.00% equity shareholding in O2 Renewable XXIX .

The aforesaid information is also being uploaded on the Company’s website at https://www.thephoenixmills.com/investors/FY2025/Exchange-Intimations.

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For The Phoenix Mills Limited

BHAVIK Digitally signed by BHAVIK MANILAL MANILAL GALA Date: 2025.04.16 GALA 18:32:46 +05'30' ___________________ 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