The Phoenix Mills Ltd - Scheme of Arrangement

This is further to our letter dated January 12, 2017 on the referred subject. In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI (LODR) Regulations, 2015'), we would like to intimate you that we have been informed by our subsidiaries, Palladium Constructions Private Limited (PCPL) and Gangetic Hotels Private Limited (GHPL) that the Scheme of Amalgamation of GHPL with PCPL with the appointed date of April 1, 2016 has been approved by the National Company Law Tribunal at Mumbai and Allahabad on July 20, 2017 and October 24, 2017 respectively.