The Phoenix Mills Ltd - Outcome of Board Meeting

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we are pleased to inform you that, subject to the approval of the shareholders in the ensuing Annual General Meeting (AGM), the Board of Directors in their meeting held on May 10, 2017, which commenced at 4:30 p.m. and concluded at 7:50 p.m., has considered and recommended a final dividend @ 120% per share i.e. Rs. 2.40/- per Equity Share of Rs. 2/- each for the financial year 2016-17. The Dividend, if declared by the shareholders at the ensuing AGM, will be paid to the shareholders within 30 days of the AGM. We request you to kindly take the same on record.