Shares of The Phoenix Mills Ltd are trading ex-date today, making shareholders registered in the company’s books eligible for a final dividend of ₹2.50 per equity share of face value ₹2 each for the financial year ended March 31, 2025. The dividend is subject to approval at the AGM scheduled for September 29, 2025.
Dividend Details
The Board of Directors had recommended the final dividend of ₹2.50 per share (125%) at its meeting held on April 30, 2025. Shareholders will need to approve the payout at the upcoming Annual General Meeting.
Management Commentary on CPP Partnership
Mr. Atul Ruia, Chairman of The Phoenix Mills, highlighted the company’s ongoing collaboration with CPP Investments. He noted that the partnership, which began with a single asset, has grown into a portfolio of premium, retail-led mixed-use developments across key urban centres.
As the company consolidates its stake in the joint venture, it continues to focus on creating vibrant, high-performing mixed-use destinations. Current projects include Phoenix Grand Victoria in Kolkata and Project Rise in Lower Parel, Mumbai. Mr. Ruia emphasized the importance of like-minded partners and expressed optimism about exploring future opportunities together.
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