The Phoenix Mills Limited has informed the Exchange regarding a press release dated September 29, 2025, titled The Phoenix Mills Limited elevates Shishir Shrivastava as Non-executive Vice Chairman.'
PHOENIXLTD · price
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The Phoenix Mills Limited has elevated Mr. Shishir Shrivastava to the role of Non-Executive Vice Chairman, effective from October 1, 2025 to September 30, 2027, subject to shareholder approval. Mr. Shrivastava has been associated with PML since 1999 and played a key role in transforming the company into India's leading retail-led mixed-use developer, overseeing landmark projects like The St. Regis Mumbai, Phoenix MarketCity, and major capital-raising transactions. In his new role, he will step back from day-to-day management but continue to provide strategic guidance and mentorship. Mr. Atul Ruia continues as Chairman, ensuring leadership continuity at the top.
This is a planned leadership transition rather than a sudden exit. Shareholders should note that Mr. Shrivastava moves from an executive to a non-executive role, so operational leadership will be handled by others, but his strategic involvement continues. The move is likely to be viewed as neutral to mildly positive, signalling orderly succession planning while retaining institutional knowledge.