Phoenix Mills Dividend of 125%: Should You Buy The Stock Before The Record Date Set As September 15?

To determine the eligibility of its shareholders, The Phoenix Mills Ltd., a prominent retail mall developer and operator in India, has announced the record date for its upcoming dividend of 125%. The Ruia family owns Phoenix Mills, which is based in Mumbai and has a sizable presence in Bangalore, Pune, and Mumbai, among other major Indian cities.

Phoenix Mills Dividend

"The Board of Directors at its meeting held on Wednesday, April 30, 2025 had recommended a Final Dividend of Rs. 2.50/- per equity share of face value of Rs. 2/- each (125%) for the financial year ended March 31, 2025, subject to approval of the Shareholders at the AGM scheduled to be held on Monday, September 29, 2025," said Phoenix Mills in a regulatory filing.

Phoenix Mills Dividend Record Date

"Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Monday, September 15, 2025, as the Record Date for determining entitlement of Members to Final Dividend for the financial year ended March 31, 2025. The Final Dividend for the Financial Year ended March 31, 2025 as recommended by the Board of Directors, if declared by the Shareholders at the AGM, shall be paid within the due timeline on or after, October 01, 2025, subject to deduction of tax at source, if applicable, to those Shareholders: a) whose names appear as Beneficial Owners as at the end of the business hours on Monday, September 15, 2025 in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in electronic form; and b) whose names appear as Members in the Register of Members of the Company as at the end of the business hours on Monday, September 15, 2025 after giving effect to valid request(s), if any, received for transmission/ transposition of shares, in respect of the shares held in physical form," confirmed Phoenix Mills in a regulatory filing.

Phoenix Mills Upcoming AGM

The 120th Annual General Meeting (AGM) of the members of the company is scheduled to be held on Monday, September 29, 2025.

Phoenix Mills Target Price

"Phoenix Mills is witnessing steady accumulation above support at ₹1480, maintaining a positive undertone. Immediate resistance is placed at ₹1540, and crossing this could push the stock toward ₹1580-1600. RSI remains supportive, while volumes signal sustained buying interest. The overall outlook stays bullish, with the stock well-positioned for further gains if it sustains above key levels," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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