The Phoenix Mills Limited — JV/Acquisition, 28-11-2025: Acquisition

Phoenix Mills, via its subsidiary Classic Mall, has acquired 7,019,386 Class A Equity Shares in Torrent Urja 22 Private Limited for Rs. 7.02 Cr. This strategic move secures solar power from Torrent's captive generating plant. By meeting the minimum 26% shareholding required for captive status, Classic Mall becomes a Captive User, ensuring a reliable supply of renewable energy. This acquisition enhances Phoenix Mills' sustainability efforts and operational efficiency by shifting to green power, a smart step for long-term energy cost management.