The Phoenix Mills Limited

The key equity indices ended with substantial gains on Thursday, snapping a two-day losing streak as improved investor sentiment following the US Federal Reserve's monetary policy decision and foreign portfolio investor (FPI) buying supported the market recovery. The Nifty settled above the 22,900 mark. All sectoral indices on the NSE closed higher except auto and cement, as realty, PSU Bank and FMCG stocks witnessed strong buying interest As per provisional closing data, the S&P BSE Sensex surged 905.01 points or 1.24% to 74,151.04. The Nifty 50 index jumped 237.90 points or 1.05% to 22,936.75. In the past two consecutive trading sessions, the Sensex and the Nifty dropped 0.49% and 0.24%, respectively. In the broader market, the BSE 150 MidCap Index rose 0.60% and the BSE 250 SmallCap Index added 0.69%. The market breadth was strong. On the NSE, 2,664 shares rose and 1,706 shares fell. A total of 225 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 6.87% to 15.13. Initial Public Offer (IPO) BLS Polymers received bids for 2,66,11,48,100 shares as against 1,19,00,000 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 223.63 times. The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 142 and 150 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof. SFC Environmental Technologies received bids for 9,27,99,630 shares as against 1,41,59,744 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 6.55 times. The issue opened for bidding on 27 October 2026 and will close on 29 October 2026. The price band of the IPO is fixed between Rs 313 and 330 per share. An investor can bid for a minimum of 45 equity shares and multiples thereof. M. K. Sons Fine Jewels received bids for 1,25,38,799 shares as against 1,19,00,000 crore shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 1.05 times. The issue opened for bidding on 28 October 2026 and will close on 30 October 2026. The price band of the IPO is fixed between Rs 153 and 162 per share. An investor can bid for a minimum of 91 equity shares and multiples thereof. Bombay Coated & Special Steels received bids for 4,20,24,346 shares as against 1,65,33,012 shares on offer, according to stock exchange data at 15:30 IST on 29 October 2026. The issue was subscribed 2.54 times. The issue opened for bidding on 29 October 2026 and will close on 2 November 2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity shares and multiples thereof. Buzzing Segment: The Nifty Realty index rose 2.75% to 819.80. The index shed 0.89% in the past trading session. DLF (up 4.37%), Phoenix Mills (up 4.18%), Lodha Developers (up 3.65%), Prestige Estates Projects (up 3.39%) and Oberoi Realty (up 3.37%), Godrej Properties (up 1.01%), Anant Raj (up 0.27%) surged. Stocks In Spotlight: United Spirits raliled 4.95%. On a consolidated basis, the company's net profit declined 7.76% to Rs 428 crore, while net sales rose 2.87% to Rs 3264 crore in Q2 September 2026 over Q2 September 2025. Pidilite Industries rose 2.11%. The company's standalone net profit rose 10.4% to Rs 647 crore on a 21.7% increase in net sales to Rs 3,982 crore in Q2 FY27 over Q2 FY26. Revenue growth during the quarter was aided by underlying volume growth (UVG) of 10.7%. EBITDA stood at Rs 811 crore in Q2 FY27, registering a growth of 0.5% compared with Rs 807 crore in Q2 FY26. EBITDA margin declined to 20.4% from 24.7% in the corresponding quarter of the previous year. Hero MotoCorp declined 3.64%. The two-wheeler major's adjusted net profit increased 42.21% to Rs 1,861.33 crore from Rs 1,308.89 crore a year earlier. Sequentially, adjusted net profit rose 31.79% from Rs 1,412.36 crore in Q1 FY27. Net sales increased 22.52% year on year to Rs 14,970.50 crore from Rs 12,218.39 crore. Revenue rose 14.05% quarter on quarter from Rs 13,126.35 crore in Q1 FY27. Global Market: Dow futures surged 304 points, signalling a strong opening for US stocks. European shares traded higher on Thursday, 29 October 2026. Investors are assessing corporate earnings and the US Federal Reserve's decision to hold interest rates steady, while awaiting the European Central Bank's policy announcement. Most Asian indices ended lower on Thursday, as concerns over technology-sector valuations, disappointing reactions to major US corporate earnings and elevated crude oil prices weighed on investor sentiment. Investors assessed the latest technology earnings alongside the Federal Reserve's decision to keep interest rates unchanged. Semiconductor stocks drew support from gains in US chipmakers, while concerns about the cost of AI infrastructure and the returns on investment remained in focus. Alphabet's post-market earnings miss added uncertainty ahead of further results from major technology companies. US stocks ended higher on Wednesday, after the Federal Reserve kept its benchmark interest rate unchanged. The Dow Jones Industrial Average rose 97.53 points, or 0.19%, to 52,475.10. The S&P 500 gained 21.37 points, or 0.28%, to 7,743.97, while the Nasdaq Composite advanced 72.04 points, or 0.27%, to 26,549.85. The Fed maintained its target range at 3.75%-4.00% in a 10-2 vote. It upgraded its assessment of economic activity but said inflation remained elevated. Governors Lisa Cook and Beth Hammack dissented, preferring a 25-basis-point rate increase. Markets subsequently raised the implied probability of a December rate hike to 85%, from 78.3% a day earlier, according to CME FedWatch data. Microsoft shares gained more than 4% in extended trading after the company reported stronger-than-expected cloud revenue. Azure growth accelerated to 48% in its fiscal first quarter, beating its previous guidance and supporting optimism about demand for cloud computing and AI services. Investors will continue to assess Microsoft's capital expenditure and data-centre investment plans. Alphabet shares fell more than 7% in after-hours trading after its third-quarter results missed analysts' expectations. Revenue rose 25% year on year to $127.58 billion, below the $127.97 billion forecast. Net income fell to $26.17 billion from $34.98 billion a year earlier, while earnings per share came in at $2.12, below estimates of about $3.01. An $8.7 billion loss on equity investments weighed on reported earnings. Google Cloud remained a bright spot, with revenue surging 103% to $30.7 billion, driven by demand for AI infrastructure and enterprise services. However, investors remained concerned about the scale of capital expenditure and the returns from AI investment. Investors are awaiting US third-quarter GDP, September personal income and spending figures, and the Personaonsumption Expenditures price index on Thursday. The PCE index is the Federal Reserve's preferred inflation gauge. Initial jobless claims are also due.Powered by Capital Market - Live

The Phoenix Mills Ltd. said the National Company Law Tribunal’s Mumbai Bench has approved a selective reduction of equity share capital for Island Star Mall Developers Private Limited, a material subsidiary, by way of cancelling 32,569,360 shares held by Canada Pension Plan Investment Board (“CPP Investments”). As a result of the reduction, The Phoenix Mills’ shareholding in ISMDPL will increase from 58.33% to 68.10%, while CPP Investments’ stake will decrease from 41.67% to 31.90%, with ISMDPL paying an aggregate consideration of Rs 13.50 billion.

The Phoenix Mills Limited announced that its Compensation Committee approved the allotment of 14,296 equity shares with a face value of Rs 2 each to grantees upon exercise of stock options under The Phoenix Mills Limited - Employees’ Stock Option Plan 2018, increasing the company’s paid-up equity share capital from Rs 71,53,55,716 to Rs 71,53,84,308.

The Phoenix Mills Limited announced that its subsidiary, SGH Realty Private Limited, will amalgamate with Truevalue Infrabuild Private Limited, another step-down subsidiary wholly owned by SGH, subject to approval from the Regional Director and the National Company Law Tribunal. The amalgamation, considered and approved by the boards of both companies on October 15, 2026, is intended to create a simplified business structure, reduce overheads, and enhance value for shareholders, with Truevalue Infrabuild Private Limited having a paid-up capital of Rs 24.128 crore and a net worth of Rs 3.70 crore as of September 30, 2026, while SGH Realty Private Limited had a paid-up capital of Rs 1.001 crore, a net worth of Rs 11139.54 crore, and a turnover of Rs 10639.14 crore as of the same date.

The Phoenix Mills Limited informed the BSE Limited and National Stock Exchange of India Limited that it received a confirmation certificate dated October 3, 2026, from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

The Phoenix Mills Limited will close its trading window for all designated persons from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

The Phoenix Mills Limited informed the BSE Limited and National Stock Exchange of India Limited that Coimbatore Sameera Investments Private Limited, Dhanalakshmi Engineering Private Limited, Pulankinar Investment and Finance Private Limited, Shanthi Chandran Enterprisers Private Limited, Shanthi Chandran Investments Coimbatore Private Limited, and Sheela Traders Private Limited, all step-down subsidiaries of The Phoenix Mills Limited, have filed a Certified True Copy of the National Company Law Tribunal, Chennai Bench order in e-Form INC 28, sanctioning the Scheme of Merger and Amalgamation with Astrea Real Estate Developers Private Limited, a subsidiary of The Phoenix Mills Limited, effective September 10, 2026.

The Phoenix Mills Limited informed the BSE Limited and National Stock Exchange of India Limited that the National Company Law Tribunal, Chennai Bench, has approved the Scheme of Merger and Amalgamation between Coimbatore Sameera Investments Private Limited, Dhanalakshmi Engineering Private Limited, Pulankinar Investment and Finance Private Limited, Shanthi Chandran Enterprisers Private Limited, Shanthi Chandran Investments Coimbatore Private Limited and Sheela Traders Private Limited, step down subsidiaries of The Phoenix Mills Limited, with Astrea Real Estate Developers Private Limited, a subsidiary of The Phoenix Mills Limited.

The Phoenix Mills Limited announced that its Compensation Committee approved the allotment of 14,139 equity shares with a face value of Rs 2 each to grantees upon exercise of stock options under The Phoenix Mills Limited - Employees’ Stock Option Plan 2018, increasing the company’s paid-up equity share capital from Rs 71,53,27,438 to Rs 71,53,55,716.

The Phoenix Mills Ltd. will hold its 121st Annual General Meeting on September 28, 2026, at 02:30 P.M. (IST) via video conferencing, and has recommended a final dividend of Rs 2.50 per equity share, or 125%, for the financial year ended March 31, 2026, subject to shareholder approval. The company has set September 11, 2026, as the record date for determining entitlement to the dividend, which will be paid on or after September 30, 2026, if approved.