The Phoenix Mills Limited — Others, 25-10-2024: Action(s) initiated or orders passed

Phoenix Mills’ subsidiary, Palladium Constructions Pvt. Ltd., received a show cause notice from GST authorities requiring a penalty payment of ₹10,000 for the tax period April 2018 to March 2019. The subsidiary intends to contest the notice. The company confirms that this penalty will not materially impact its financial position or operations. Further details are available on the company’s investor relations website.