The Phoenix Mills Limited elevates Shishir Shrivastava as Non-executive Vice Chairman

The Phoenix Mills Limited ("PML" or "the Company") today announced the elevation of Mr. Shishir Shrivastava as Non-Executive Vice Chairman of the Company, with effect from October 1, 2025, to September 30, 2027 (both days inclusive), subject to shareholder approval.

Mr. Atul Ruia, Chairman, The Phoenix Mills Limited, said: "Shishir has been an integral part of PML's journey since 1999, and his story is deeply intertwined with the company's growth and evolution. Over more than two decades, his leadership, vision and unwavering commitment have steered PML through milestone phases, including the resilience he demonstrated during the COVID-19 crisis. He has also been instrumental in building trusted partnerships and fostering a culture of excellence. This elevation is both a recognition of his outstanding contributions and an affirmation of the continuity of his role in guiding us forward. As he transitions to the role of Non-Executive Vice Chairman, we look forward to his wisdom and perspective remaining a cornerstone of Phoenix's journey ahead."

Mr. Shishir Shrivastava, Non-Executive Vice Chairman, The Phoenix Mills Limited, said: "I am deeply grateful to the Board, to Atul, and to every member of the Phoenix Mills family: our employees, partners, investors and stakeholders: for the trust, support, and collaboration that have defined my journey. To have spent more than half my life with PML has been both a privilege and a source of immense pride. I am especially thankful to Atul for the opportunity he extended to me and for his mentorship, which has profoundly shaped my journey as a leader. Together, we have transformed a bold vision into iconic destinations, forged enduring partnerships, and built a culture of excellence that defines PML today. As I transition into the role of Non-Executive Vice Chairman, I do so with gratitude for all that we have achieved and great confidence in the leadership that will carry the company forward. While stepping back from day-to-day management, I look forward to continuing to guide, mentor, and contribute strategically to the PML's next chapter of growth."

Mr. Shrivastava has been associated with PML since 1999, playing a defining role in its transformation into India's leading retail-led mixed-use developer. He began as Project Manager for the early phases of High Street Phoenix (now Phoenix Palladium) and went on to lead landmark projects including The St. Regis, Mumbai, the Phoenix MarketCity portfolio, and significant project launches between 2020-2023 across asset classes that expanded PML's national footprint. He also spearheaded the Company's property management, development management, and leasing advisory businesses. Over the years, he has overseen strategy, capital raising, business development, land acquisition, legal affairs, and investor relations. Under his leadership, PML has successfully navigated inflection points such as the COVID-19 pandemic, forged long-term partnerships with leading global investors, executed transformative private equity transactions, and integrated sustainability as a growth pillar. His disciplined approach to capital allocation has strengthened PML's balance sheet, while his leadership has built a resilient organization with strong governance and a capable pipeline of future leaders.

This elevation marks an important milestone in PML's journey as it continues to scale greater heights. Backed by an experienced leadership team, PML continues to focus on executing its development pipeline, driving operational excellence, and delivering value to all stakeholders.

Shares of The Phoenix Mills Limited was last trading in BSE at Rs. 1552.80 as compared to the previous close of Rs. 1548.10. The total number of shares traded during the day was 3112 in over 654 trades.

The stock hit an intraday high of Rs. 1594.30 and intraday low of 1534.75. The net turnover during the day was Rs. 4817406.00.

Source : Equity Bulls

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