The Phoenix Mills Limited has informed the Exchange regarding Change in Director(s) of the company.
PHOENIXLTD · price
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The Phoenix Mills Limited announced key changes to its Board and KMP composition, effective October 1, 2025. Mr. Shishir Shrivastava, the current Managing Director and KMP (associated with the company since 1999), will be elevated to the role of Non-Executive Vice-Chairman for a two-year term ending September 30, 2027, subject to shareholder approval. Additionally, two existing Whole-time Directors — Mr. Rajesh Kulkarni (34 years of experience in design and project management) and Ms. Rashmi Sen (27 years in retail leasing and business development) — have been designated as Key Managerial Personnel of the company. All three individuals are confirmed as not debarred by SEBI or any other authority, and none are related inter-se to other directors on the Board.
This is a planned internal succession and governance restructuring rather than a disruptive change — the current MD transitions to a non-executive Vice-Chairman mentoring role, while existing operational leaders gain formal KMP status. Shareholders are likely to view this positively as it ensures continuity in leadership while strengthening the executive bench. The changes are subject to shareholder approval at the next general meeting.