Phoenix Mills : May 27 2024 Intimation of GST Notice

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel: [phone] Fax: [phone]

CIN No. : L17100MH1905PLC000200

Date: May 27, 2024
To,
BSE Limited.	National Stock Exchange of India Limited.
Phiroze Jeejeebhoy Towers,	"Exchange Plaza", Bandra Kurla Complex,
Dalal Street, Fort, Mumbai - 400001	Bandra (E),Mumbai - 400051
(Security code: 503100)	(Symbol: PHOENIXLTD)
Dear Sir/Madam,

Sub: - Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30(6) read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), we wish to inform you that subsidiary of the Company viz. Alliance Spaces Private Limited ("ASPL") has received show cause notice, from the GST authorities for payment of tax liability along with the applicable interest and penalty for the tax period April 2019 to March 2020.

ASPL shall be representing the matter in the personal hearing before the GST authorities and intend to contest the matter at an appropriate forum.

The details of the above notice as required under Clause 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure A to this letter.

The aforesaid information is also being uploaded on the Company's website at https://www.thephoenixmills.com/investors/FY2025/Exchange-Intimations.

We request you to take the above information on record.

Thanking You,

Yours Faithfully,

For The Phoenix Mills Limited

GAJENDRA Digitally signed by

GAJENDRA MEWARA

MEWARA Date: 2024.05.27 17:52:53 +05'30'

______________________

Gajendra Mewara

Company Secretary

Membership No. A22941

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel: [phone] Fax: [phone]

CIN No. : L17100MH1905PLC000200

Annexure A

Sr.

Details of Events that

No.

need to be provided

Information of such events(s)

a)

Name of the authority

Deputy Commissioner of State Tax

Department of Goods and Service Tax (Govt. of Maharashtra)

b)

Nature and details of

Receipt of the show cause notice under Section 73 of CGST/MGST Act from

the action(s) taken,

GST authorities instructing Alliance Spaces Private Limited ('ASPL') to pay the

initiated or order(s)

amount of tax as ascertained below along with amount of interest and penalty

passed

for the period April 2019 to March 2020.

Act

Tax

Interest

Penalty

Total

Amount in

Amount in

Amount in

Amount in

Rs.

Rs.

Rs.

Rs.

CGST

3,51,84,910

3,27,21,966

35,18,491

7,14,25,367

SGST

3,51,84,910

3,27,21,966

35,18,491

7,14,25,367

Total

7,03,69,820

6,54,43,932

70,36,982

14,28,50,734

c)

Date of

receipt

of

Notice dated May 27, 2024, was received by way of an email intimation at 12.45

direction

or

order,

p.m. (IST).

including

any

ad-

interim

or

interim

orders,

or

any

other

communication

from

the authority

d)

Details

of

the

The grounds and qualification as stated by authorities is as follows:

violation(s)/contravent

ion(s)

committed

or

∙ ITC denied with respect to RC cancelled dealers and ineligible ITC as

alleged

to

be

per section 17(5) of CGST / SGST Act

committed.

∙ GST leviable on various expenses as per the profit & loss account

∙ GST on Sale of fixed assets

∙ GST on trade payables, etc

e)

Impact

on

financial,

There is no material impact on the financial position or operation of the

operation

or

other

Company due to the said tax liability and penalty. The impact is limited to the

activities of

the

listed

extent of tax liability as ascertained along with interest and penalty as aforesaid

entity,

quantifiable

in

on the subsidiary of the Company.

monetary terms to the

extent possible.