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Phoenix Mills Ltd. Company History and Annual Growth Details

YEAR EVENTS
1905 - The Company was Incorporated at Mumbai.

- The Company's object is to manufacture cotton textile goods. The
products manufactured include bed-tickings, drills, coatings,
leno-shirtings, mercerised and bleached dhoties, bleached and
mercerised and printed voiles, chintz, handkerchief, surgical
cotton wool and absorbent lint, bleached and dyed chaddars. The
Mills are equipped to do bleaching dyeing, mercerising, printing
and calendering. The Company also has a copper roller engraving
plant, a foundry and a workshop.

1947 - 16,000 bonus equity shares issued in the prop. 2:1.

1948 - 24,000 Bonus equity shares issued in the prop. 1:1.

1966 - 16,000 Bonus equity shares issued in the prop. 1:3.

1969 - 8,000 Bonus equity shares issued in the prop. 1:8.

1972 - The Company purchased Deepchand Mills, Ujjain. It started
manufacturing grey cloth, part of which was being processed in
the Mumbai unit. The Ujjain unit was sold to Indore Textile Ltd.
on 10th February, 1977.

1975 - 48,000 Bonus equity shares issued in the prop. 2:3.

1987 - The Company came under the provisions of the Sick Industrial
Companies (Sp. Provisions) Act, 1985 due to erosion in its
networth. Between 1988-89 to 1992-93, the company continued to
be a potentially sick unit.

1995 - 1,25,000 No. of equity shares allotted at par to the promoters.

1996 - The company has alloted 1,25,000 No. of equity shares of Rs.
100/- each, at par, as a result of which the paid up share
capital of the company stands enhanced to Rs.2.45 crores.

- During the year Company has made two subsidiary companies viz.
Exotic Finvest Pvt. Ltd., and Bellona Finvest Ltd., A statement
on subsidiary companies as required u/s 212 of the Companies Act,
1956 is annexed to the accounts.

- Installation of high efficiency motors. Installation of
capacitors and condensers on electrical distribution system.

- During the year the company installed and commissioned Thermo
pack and Steam pack boilers.

- The company proposes to have a R & D department.

1998 - The conflict between the workers' unions that forced the closure
of Phoenix Mills for the last three days, has been defused with
the intervention of the Maharashtra Labour Minister.

- Work at the mill was stopped on April 6, after a notice was
posted at the entrance saying only those workers who had signed
an agreement between the management and Rashtriya Mill Mazdoor
Sangh (RMMS) could enter the premises.

1999 - PHOENIX Mills Ltd has been declared no longer sick by the Board
for Industrial and Financial Reconstruction (BIFR).

- The company has modernised the spinning section and is producing
quality yarn instead of taking up job work which it was doing
before.

- Phoenix Mills has modernised the processing unit in phases
during the last five years and diversified the product mix by
introduction of synthetic and hosiery processing with 100 per
cent job work for exporters and introduced cost saving measures
such as energy conservation, tightening of material purchase
management and reduction in direct labour cost.

2000 - The Company has approved preferential issue of equity shares to
the FIIs.

2003

Mr Saghan Srivastava has been appointed as Company Secretary of the Company wef November 15, 2003.

2005

-Phoenix Mills has given the Bonus in the Ratio of 4:1

-Company has splits its Face value of Shares from Rs 10 0 to Rs 10

2007

-Phoenix Mills Ltd has appointment of Shri. Atul A Ruia as the Joint Managing Director of the Company.

2008

- The Company has splits its face value from Rs10/- to Rs2/-.

2009

- The Phoenix Mills Limited has appointed Ms. Minal Bhate- Dandekar as the Company Secretary of the Company with effect from August 17, 2009.

2010

- Board has recommended Final Dividend at the rate of 60%.

2011

- Board has recommended Dividend at the rate of 90% (Rs. 1.80/- per share for every one fully paid share of face value Rs. 2/- each) for the financial year ended March 31, 2011.

- Mr Shishir Shrivastava was appointed as group CEO & Joint Managing Director.

2012

- Ms. Shinanji Mamtani has been appointed as Company Secretary of the Company with effect from March 19, 2012.

- Board has recommended a dividend of Rs. 2/- per equity share.

- "The Phoenix Mills launches its largest Residential project "One Bangalore West" in Rajajinagar Bangalore; books sales worth Rs. 530 crores".

- Phoenix Mills Ltd has informed BSE regarding "Commencement of Operations of Shangrila Hotel".

2013

-"Acquisition of stake in Island Star Mall Developers Private Limited".

-Acquisition of stake in Classic Mall Development Company Private Limited.

-Acquisition of stake in Classic Mall Development Company Private Limited.

2014

-The Phoenix Mills has recommended a dividend of Rs. 2.20/- per equity share having face value of Rs. 2/- each for the year ended March 31, 2014.

2015
- Phoenix Mills - Acquisition of majority stake in Gangetic Hotels Private Limited.

2016
Phoenix Mills - Acquisition of Shares by the Company in its subsidiary

2017
-Phoenix Mills Ltd Acquisition of indirect stake by the Company in its subsidiary,Gangetic Hotels Pvt Ltd.
-Phoenix Mills Ltd Acquisition of stake by the Company in its subsidiary, Pallazzio Hotels & Leisure Limited.
- Phoenix Mills Ltd has acquired the 1.81% equity stake of Hasel River Limited on September 4, 2017.

2018

-Phoenix Mills partners CPPIB to invest C$ 185 mn in ISMDPL.

-Phoenix Mills Ltd. & CPPIB acquires land for development project in Bengaluru.

-Phoenix Mills acquires 100% stake in DHSPL.

-Phoenix Mills Enters Into A 50:50 Joint Venture With Bsafal.Kz Estate LLP ('Bsafal').

2019

-Phoenix Mills introduces scheme of amalgamation of its subsidiary company.

-Phoenix Mills Launched Tower 7 at One Bangalore West in July 2019 and received positive response from customers.

2020

-Phoenix Mills Ltd. completed development of over 17.5 million square feet spread across retail, hospitality, commercial, and residential asset classes.

--Phoenix Mills Ltd.retail portfolio of approximately 6.0 million square feet of retail space
spread across 8 operational malls in 6 gateway cities of India.

-Phoenix Mills Ltd developing developing 5 malls with over 4.9 million sq. feet of retail space in 5 gateway cities of India.

2021

-Phoenix Mills Ltd. Launch of New Mall Phoenix Palassio in Lucknow.

-The Phoenix Mills Limited (PML), has announced acquisition of approximately 7.48 acres of prime land in Alipore, Kolkata for a total consideration of Rs. 3,000 million.

-CRISIL revises rating outlook of Phoenix Mills to 'Stable'.

2022

-The Phoenix Mills Ltd. acquire of a city-centric, 7.22 acre land parcel in Surat, Gujarat for developing a premium retail destination'.

-The Company acquisition of equity shareholding of Crest Ventures Limited and Escort Developers Pvt.Ltd.

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