Phoenix Mills Voluntarily Strikes Off Three Wholly-Owned Subsidiaries to Streamline Corporate Structure

Phoenix Mills Simplifies Corporate Structure with Subsidiary Strike-Off

Phoenix Mills Limited has received approval from the Ministry of Corporate Affairs for the voluntary strike-off of three non-material wholly owned subsidiaries: Enhance Holdings Private Limited, Sangam Infrabuild Corporation Private Limited, and Bartraya Mall Development Company Private Limited.

Rationale for the Move

The move aims to simplify the organizational framework and potentially improve operational efficiency. The process, expected to complete by January 31, 2026, has minimal financial impact on the company's consolidated performance.

About Phoenix Mills' Footprint

The Phoenix Mills Limited (PML) (BSE: 503100 | NSE: PHOENIXLTD) is India's leading owner, operator and developer of retail-led mixed-use destinations. The Phoenix Mills Limited, a active public limited company, was established on 27 January 1905 in Mumbai, Maharashtra, India.

PML and its subsidiaries have an operational retail portfolio of over 11 msft of chargeable retail area across 8 major cities of India and are further developing approximately 7 msft of chargeable retail space across 5 new malls, and expansion of the existing retail destinations.

Investor Disclosure

The company has informed stock exchanges about this development and uploaded the information on its official website. Corporate reorganisations of this scale are typically managed through the Ministry of Corporate Affairs and disclosed to securities regulators under standard listing requirements.