The Phoenix Mills Limited — Important, 14-07-2025: General Updates

Phoenix Mills plans to streamline its operations by voluntarily striking off three non-material wholly-owned subsidiaries: Enhance Holdings, Sangam Infrabuild, and Bartraya Mall Development. These subsidiaries generated nil turnover and had negligible net worth as of March 31, 2025, contributing zero to the company's consolidated financials. This strategic move aims to simplify the corporate structure. The strike-off is subject to regulatory approval and is expected to conclude within six months. This action has no material financial implications for the company.