The Phoenix Mills Limited — Others, 15-08-2025: Copy of Newspaper Publication

The Phoenix Mills Limited has initiated a postal ballot seeking shareholder approval to exit its subsidiary, Island Star Mall Developers Private Limited. This strategic move involves Canada Pension Plan Investment Board (CPPIB Investments). Shareholders can participate by casting their votes through e-voting. Eligibility to vote is based on shareholdings as of the specified cut-off date. This action is crucial for the company's operational and business future, impacting stakeholders by streamlining its investment portfolio. The postal ballot process has been completed.