The Phoenix Mills Ltd - Demise of Director

Phoenix Mills Ltd has informed BSE that Mr. Kiran Gandhi, Whole Time Director of the Company has passed away on May 31, 2015 at Mumbai.<BR><BR>Mr. Gandhi has been associated with the Phoenix Group since 1970 in various capacities including as the head of finance, culminating in his elevation to the Board as a Whole Time Director.<BR><BR>The Company's Board has taken note of Mr. Gandhi's demise and placed on record, its deep regret and sorrow at his passing. The Board has also placed on record its immense appreciation and gratitude for the invaluable services rendered by Mr. Kiran Gandhi during his long tenure with the Company.<BR><BR>Consequent to his demise on May 31, 2015 the directorship of Mr. Gandhi ceases w.e.f. May 31, 2015.