The Phoenix Mills Ltd

Target and deal terms

• Target: O2 Renewable XXVIII Private Limited, renewable energy generator with captive plant in India.
• Size: not disclosed.
• Related party: subscription by Phoenix Mills and its subsidiary Offbeat.
• Industry: renewable energy.
• Purpose: meet captive energy needs; aligns with sustainability.
• Consideration: equity shares and Series B CCDEs.
• Shareholding: 45.00% combined post-allotment.
• Background: renewable energy generator with captive plant; country India.

Meeting Details

• Date: August 17, 2026; Time: not specified.
• Type: group meetings; Mode: physical.
• Organizer: Motilal Oswal Financial Services Limited.
• Event: Motilal Oswal 22nd Annual Global Investor Conference, 2026 (Group Meetings).
• Location: Mumbai.

Participants

• Key company participants from management not disclosed.

Purpose

• Overview of general business and industry updates.

Meeting Details

• Date: 14 August 2026.
• Type: group investor meetings; mode: physical in Mumbai.
• Event: Equirus Annual India Conference 2026 (group meetings) organized by Equirus Securities.
• Purpose: brief on general business overview and industry updates.
• Company participants: not disclosed.

Additional Notes

• Intimation uploaded on the company website.

Dividend declaration and payout

• Board recommended final dividend of Rs 2.50 per equity share (125% of face value) for FY2026.
• Dividend, if approved, will be paid within 30 days of declaration at AGM.
• Dividend payments to shareholders will be through electronic mode; ensure PAN and bank details updated.
• Non-electronic bank details may trigger withholding; update bank details for e-remittance.

TDS compliance and documentation

• Deadline to submit TDS-related documents: 10 September 2026.
• Non-residents may apply for lower treaty rates with TRC and Form 41.
• Higher withholding rates may apply if PAN, tax status, or documents are missing.
• Annexures and forms available on Phoenix Mills website; submission portal link provided.

Meeting Details

• Date: August 12, 2026; Emkay Annual Investor Conference 2026 (Group Meetings) in Mumbai.
• Type/Mode: Group meeting; physical in Mumbai.
• Organizer/Event: Emkay Annual Investor Conference 2026 organized by Emkay.

Participants

• Key participant: Company Secretary.

Purpose

• Purpose: general business overview and industry updates.

Meeting Details

• Date: August 10, 2026.
• Type: group meetings.
• Mode: in-person (physical).
• Venue: Mumbai.
• Organizer: Nirmal Bang Institutional Equities Conference (Group Meetings).
• Time: not disclosed.

Participants

• Key company representative: Company Secretary.

Purpose

• General investor interaction; overview of business and industry updates.

Additional Notes

• Intimation of meeting uploaded on the Phoenix Mills website.

Acquisition details

• Target: O2 Renewable Energy XXVIII Private Limited, Indian solar captive generation project developer.
• Incorporated July 31, 2024; develops solar captive projects.
• Turnover not disclosed; net worth negative Rs 3,128.87 thousand (FY25-26).
• Not a related party transaction; promoters have no interest in O2 Renewable XXVIII.
• Industry: solar power generation.
• Purpose: enable captive status by securing at least 26% stake.
• Regulatory approvals: not applicable.
• Completion timeline: within 30 business days from amendment to SSSA.
• Consideration: cash; total Rs 5,76,90,000.
• Shareholding cap: not beyond 45% on fully diluted basis.
• Structure: The Company and Offbeat subscribe to equity and CC Debentures.
• Background: Indian company; incorporated July 31, 2024; promoter JSW Neo Energy Limited; captive solar project.