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The Phoenix Mills Limited announced that O2 Renewable XXVIII has allotted 2,74,332 equity shares and 24,690 Series B Compulsory Convertible Debentures to the company, and 3,02,568 equity shares and 27,231 Series B Compulsory Convertible Debentures to its subsidiary, Offbeat Developers Private Limited, on August 19, 2026, following an amendment to the Security Subscription and Shareholders’ Agreement; the allotment results in The Phoenix Mills Limited and Offbeat holding a combined 45.00% equity shareholding in O2 Renewable XXVIII.

Net profit of Phoenix Mills rose 23.34% to Rs 296.86 crore in the quarter ended June 2026 as against Rs 240.69 crore during the previous quarter ended June 2025. Sales rose 12.80% to Rs 1074.94 crore in the quarter ended June 2026 as against Rs 952.99 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1074.94952.99 13 OPM %59.6859.21 - PBDT587.91500.66 17 PBT492.40407.21 21 NP296.86240.69 23 Powered by Capital Market - Live News

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 28 July 2026.

Phoenix Mills has allotted 17,428 equity shares under ESOP on 11 July 2026. Consequently, the paid up equity share capital has increased to Rs71,53,15,806 consisting of 35,76,57,903 Equity Shares having face value of Rs 2/- each.

Phoenix Mills announced that the Board of Directors of the Company at its meeting held on 27 April 2026, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.