In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we wish to inform you that the Compensation Committee of the Board of Directors of The Phoenix Mills Limited on November 26, 2022, vide a resolution passed by circulation, approved the allotment of 9,000 Equity Shares of Rs. 2/- each fully paid-up to the grantee upon exercise of stock options pursuant to The Phoenix Mills Employees' Stock Option Plan, 2007 Consequent upon allotment of the above shares, the paid-up Equity Share Capital of the Company stands increased from Rs. 35,71,50,312 consisting of 17,85,75,156 Equity Shares of Rs. 2/- each to Rs. 35,71,68,312 consisting of 17,85,84,156 Equity Shares of Rs. 2/- each. This intimation is also being uploaded on the Company's website at https://www.thephoenixmills.com.