The Phoenix Mills Limited — Board Meeting, 24-07-2025: Outcome of Board Meeting

The Phoenix Mills board has approved its consolidated financial results for the quarter ended June 30, 2025, reporting Net Sales of ₹953 Cr and a Net Profit after tax of ₹321 Cr.

In a key strategic move, the company will fully acquire Canada Pension Plan Investment Board’s 49% stake in Island Star Mall Developers Private Limited (ISMDPL). This will make ISMDPL a wholly-owned subsidiary, consolidating control over a material asset.

The board also approved the re-appointment of Mr. Rajesh Kulkarni as a Whole-time Director for five years, pending shareholder approval.