wy THE PHOENIX MILLS LIMITED ‘Corp. Offie : Shrae Lan: Woclan Mil Estate, 2nd Flor, AR Hosiery, OH, Dr E. Moses Rd. Mahalaxm, Mumbai ~ 400 011 Tel: (022) 3001 6600 Fax : (022) 2001 660% CIN No, 17 f00MHs905PLC000200 May 13, 2016 ‘The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400 001. Fax: 22722037 / 39 / 41/61 ‘The Corporate Relationship Department ‘The National Stock Exchange of India Ltd Bandra-Kurla Complex, Mumbai. Fax: 26598237 / 38, 26598347 / 48 Dear Sir(s), Pursuant to Regulation 33 of the ‘SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Board of Directors of the Company in its meeting held today, May 13, 2016, which concluded at 5:50 PM. has approved the audited standalone and consolidated financial results of the Company for the fourth quarter and financial year ended March 31, 2016. Accordingly, we are enclosing herewith the following for the fourth quarter and financial year ended March 31, 2016 ‘Audited standalone financial results of the Company: Consolidated financial results of the Company; ‘Audit Report issued by the Statutory Auditors of the Company; and Form Aon standalone and consolidated financial results of the Company. We request you to kindly take the same on record. Regards, For The Phoenix Mills Limited wee Company Secretary fat Ofc The Prosi is Lis 82 Sarat Bapat Mag Lowe Par Mund 40013.» T 0222496 4307/89 Fax (020) 2493 8388 ‘Emad ifo@the phoenix. com «wer hephosriamils om"THE PHOENTE MALLS LINTTED ‘CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2016 Regi. Office = 462, Senapat Bapat Mar, Lover Pare, Mamba = 40013 “Teh (022) 249649/ 08/ 1) wall fo thephoenixmillcom Website: www thephoenixels com Cin No LI7IOOMH90SPLCoO02I0 PARTICULARS "Fines Monthy Bade Tae nas rea Rated —[Unaodied | fied T_ [Tacoma Tom Operations Neale econ fn opens aceon] — 3070] masazr “Tota Income from Openationt soar] 93079) vase] massa | 1309 Expendinine 1) vere) Dacre tock inak/ Work in Pose om essay] a7] asx) Gnas 1) Cnc atest Consol? Consncon reed coset niowos{ sana] aio2e] saan] 3130226) |) Kimpton Hapemcs sunis7] ssa] aera] rasrrse] 945.50 sry pence azn] azoars]—szsia0| 870965] ro s2007 6) Depecciato and Amoi Usps ara) gee] 4357 vrei] 1480650 8 Orbe Hapemnce ran] orsci2]—rasszs| —snamcor] a5o2018 “Toul Expendire sosar| 26602] 2xsee96 | 1u5san24 | 0598202 s| Prot trom operons before ssseust| —s6e9s07] nasa] 6tz0527] 9.30957 JOvher Income, Finance Cons and Exceptional tems 4} onertnoume sae aor] oss} smo] 288 5 | Proc rom ondinary activities before rrossis| spares] wasese| —st0557] easiz9s inance Cor andence pina ems 6) Finance Cs sirsss| warmer] sizes] asosta2]sysaos 1 Profit fom oninary aesvitis before sana} ssare] nets] aiseas | 2295200 :xcepional tems 8] cps erm canoe] — am) —apssas] —gsi279] p.sen.3n] 9] Profit fom oninary esvities before tx ramp] sae] ssa) nn] ssn vo vas tage Can tan ano] aren] apse] ner] 940677 Mina Alerat Tx Cri sa} io] 6x69) am125) eas] Defra cm} — cz] Gann) Gavas) cans 11 }Net Prof the peiod asa] smase| 24849] rena | sare 12 tere: Shae of Minny trian Pen aise] won| anata] 532025! 13] Adit est» Shaein Pais /fLons of Aesoie “oe aun] suiso rrss] 22 14 | Nex Prog / (Losshater Tax after Mose Imerest, cn} sms] caveats | eas 15 | paidp ey sr apace Vaio R2/- pr has) sosom] —spsnral—aasan| sons] aaznan 16 ccs esa exantion mens 27405] 16,4151 seer the et sia alice hs) 17 [nase EPS (on anne) (Re) or) 24 on] sel 26 vs ittod Hs frantic te) on 214 sat2 Iw abowe sala ar reviewed by the aie committer have been taken on recoed by dhe Beard of Dizetoe at their mectig held on 13- 05-2016 The furs foe the eoneesponding previous pers hnve en rexaed/segroupe, wherever necestac, to maks them comparable with the “omen periods. Figures of last quater ace the balancing Figures between audited fgues in espct ofthe full Grancial year and published ‘seat todate gues up the hid quate ofthe eucen franca yar. ‘Dav the your ended 31-03-2016, the company had cece an pail intr dvdr of Rs 1.75 (87.54%) poe Baguiy she of Rs 2/- tah The Hoard of Diets have recommended final dvr oF Rs- 0.45 (22.5%) per ety share of Rs 2/- each sje ‘Rirholaceeappovala the ensuing, AGM. Total dividend ageregates vo Rs 220 (110%) per uity sha for the enn yea. Tincputnal eae ela de impaiznent of Tnvestncnts of Re 2300 bes for the yea ended 31-09-2106, R49,125 es forthe yer ended Son 2015 (Refer Note 5 bow). previo for doubt anans and Advances R3.757.52 lacs, provision fos the abiation setement hime Rs 13765 las (efe Note 6 below) ina vider and loss on sale of Land Rs. 77ST les of a aubsiiay for the Year ended 3158 March 2016 The Company eases a a the sear end, inestmens of Re 579270 les (nelung hough wholly owned subs in the exuty ahora! caneninment Woe! Developers Lime (EDL), Rs, 1.000 lacs in ECDs of Treasure work Developers Pvt. a (RDP), “iadary of EWDI. and interest acrued thereon, upto I-08-2012, of Re. 143251 fc. The company had escrene the put epion walle sper the Shae andl Debeture Subserison Deed for the said CDs and FDI hal ids par ann of Re 191880 lees in November 2013, Pending wernt of the balaee consideration, dhe amount recived han nor been Mista aganst the invetments/acerved Interest a has Been sown une ference aby The Nether of FWD} /TWDP.has been evored as pe the est avaiable uaudeed accounts ast 3st March 2024The Company owed Ba eof abundant eon and ava praen practice ne with the standard accounting pacts, provided Rs 9125.0 les for fhe mpaursent of dese siesnens he ancl Year 201415. The Boaal has deeded t further provide Rs, 730000 Tacs ead the impair of these Twente, 26a Het Nae, 2016 {Wide te Cornpany would contin ts effet foe the recovery ofthe duce aginst she put option exercise by it on the FCDS, in the pinion ofthe Bose eonsdering in the opinion af the Boar, considering the ecaable valve of azets of EWDI. dit subsidies, the tmpaemens prowsons agains thee mvestmens are adeuate. he Hot Management Ageement (IMA) betwsen Palio Hots and Leisure Limited (Pallzrio", ubsitary company, and Shang] J ncnanonal Toc Maragement Pre Lal for the uperton ofthe Camas hotel n Lower Pare, Mba was terminated bg the artes tere Sh Seprember, 201, In accordance wath the provisions oF the HMA, che pats ad efred het mat sytes icon The Pats have concur Bel dieusions and pursant hseto aged to sete thee expetve chim and counter lis aiealy, by enerng inves Deed of Setement dated 5th Febraay 2016. Acconlngly, during the period unde reve, Palizzio Hotels and Leisure nite has mate a fortes provision towards he ste, which has heen disclosed as an Exceptional Ie. |p ease of a subsidiary company, Offbeat Developers Pvt It the Trade Receivables as at year end include receivables of Rs. 542401 lacs J respec of mall operations, whieh are defor ore than sir mons. The company is inthe proces of recovering these through napus notations. Pein the fia] oursome ofeach neorations, x cummaative provision of R513 esha been made for the Pe ny eaaads doubeil debe, cling Re2386 lace for dhe yeae ened 3st March 2016, which in che opinion of the Management E adequate Segment Results: {6m conto dae bass, dhe Group has ened two reporable segements vie Property &e Reed series and Hosptbty services. These segments have been tei in ne with AS-17 0 segment posing, ‘Sopment Revenue, sland oshee infomation ince the respective amounts ienifabeto cach ofthe segments 2 aso amounts Aihezted oa eamanale sche ess information which zat 10 the Company asa whole and cnn be directly identiid with any recur busines segment have bon shown sepaete. The Sent information isa ande- The Phi nix Mills Lid. Mumbai A Dag 1.08.2No a “Tie Manshs Ens On s Peete Se 3/70 | ayaa [317008 A [SeqmentRevsme rope Related Srmen sasce2s] aroosco| saora0s] —assinse2) 4ps00.25 rita Series sonoae| — assis] 488622] 2aest.n] t5oma4 frorat aogcom| —a9gsa76] soassan] —arnsssst| 1653309 | scement Reauk 1 [voit Rofo te tet Prot ead Secs wars} risrase} soass7] esse] goss exp Sis sou] comnzn @ussos|—(uzsnsy] anos) lect fom operations before Jorser tne, Finance Cont and Exceptional 2 fem sais] 560506] nase] oiz1527] s9.3ins6 3 forte income roma] asa] onze] stan] 3.2838 soon ordinary activities before Finance 4 [Cont and exceptional tems wrassss| sepms| wasess| osssr] cosmo 5 fcr apes p59 gers} usu] ses 6 |Past tore Tax & Exceptional Items sanz] 6amers| zens] amas 7 |aa/g es Pscepiona toms e2mag] cw] vents} (872.74) 4 front nero Tax aanusy | ss2t0s | (si920] rama. © [eapia Emptoyed |sexomen: Asset Sgmnen Liniltie) Tropes Rell Serdocs zaxpeses | aongossn | venos2] asses] isan Tsay Services sosust| — tworse] a7ste]— sasasr] 779374 Unatoeed (wares) @rarioa] gasses] — caress} @aseeas] [rot apie Emptoed weacrm | wosonas| wrseess | wage] 739055z ‘THE PHOENIX MILLS LIMITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES BRS ar EQUITY AND LIABILITIES SHAREHOLDERS’ FUNDS ‘Shaze Capital Reserves & Surplus Sub Total Minosigy Interest NON-CURRENT LIABILITIES Long Term Borrowings (Other Long Term Lisbiliies Long: Term Provisions ‘Sub Tota CURRENT LIABILITIES, Short Term Borrowings Trade Payables (Other Carzent Liabilities Short Term Provisions ‘Sub Total Total ASSETS, NON.CURRENT 3 Fixed Assets “Tangible Assets Intangible Assess Capital Work in: Progress Goodwill On Account of Cansolidetion Non- Current Investments Deferred Tax Assets (Net) Long Tesm Loans and Advances Other Non: Curent Assets Sub Total SETS CURRENT ASSETS Current Investments Inventories Trade Receivables Cash & Cash equivalents ‘Short Term Loans and Advances Other Carzent Assets ‘Sub Total Total Place : Mumbai Dated : 13-05-2016, Director Res. in Lace 3,060 2,809 183,03 164,470, 186.863 157,369, 5,07 oy 340039 281,903 35,611 30,057 3.210 14 78.860 Bis 54 24319 22712 160 10,502 79572 81,868 |___szze] 5,402, iio.24 2, Boats ane) 434,785, 412,986 ‘383 253 19,487 21,170 2.604 13901 1g072 11,084 10,73 33897 235562 4250, 5.28 0301 B77 2,097 1,900 132,396 107.831 32,007 21921 19,560 9,201 21,688 sent 1975 1,809 209:723, T2330 Baits 7) shalf of the Board of DiectoxsINDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF THE PHOENIX MILLS LIMITED [Page We have audited the accompanying Statement of Consolidated Financial Results (“the Statement”) of The Phoenix Mills Limited (“the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associates, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Statement, which is the responsibility of the Holding Company's Management and approved by the Board of Directors, has been prepared on the basis of the related consolidated financial statements which are in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013, a5 applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the statement. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. An audit includes examining, on a test basis, evidence supporting amounts disclosed in the Statement. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the significant accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion, Consolidated financial results includes fifteen subsidiaries, the financial statements of which reflect total assets of Rs, 5,30,955.02 lacs as at 31" March, 2016, total revenue of Bs. 118,280.72 lacs for the year ended 31% March, 2016 and group’s share of net profit of Rs. 224.05 lacs for the year ended 31" March, 2016 in respect of three associates which have been audited by one of us. Gi) We did not audit the financial statements of three subsidiaries whose financial statements reflect total assets of Rs. 1,20,614.90 lacs as at 31% March, 2016 and total revenues of Rs. 22,427.36 lacs for the year ended 31" March, 2016, as considered in the consolidated financial results. The consolidated financial results also include the Group's share of net profit of Rs. 0.02 lacs for the year ended 31st March, 2016, as considered in the consolidated financial results in respect of one associate whose financial statement has not been audited by us. These financial statements and other financial information have been furnished to us by the Management and cur opinion on the statement, in so far as it relates to the amounts included in respect of these subsidiaries and associate, is based solely on the reports of the other auditor.Gil) We have relied on the unaudited financial statements of six subsidiaries, whose financial statements reflect total assets of Rs. 72,561.51 lacs as at 31 March, 2016 and total revenues of Rs. 9,708.71 lacs for the year ended 31" March, 2016, as considered in the consolidated financial results. The consolidated financial results also include the Group's share of net loss of Rs. 56.07 lacs for the year ended 31st March, 2016, as considered in consolidated financial results, in respect of two associates. These unaudited financial statements have been furnished to us by the Management and our opinion on the statement, in so far as it relates to the amounts included in respect of these subsidiaries and associates is based solely on such unaudited financial statements certified by the management. 4. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors referred to in paragraph 3 above, the Statement: (a) Includes the results of entities as given below: List of Subsidiaries Bellona Hospitality Services Limited, Pallazzio Hotels & Leisure Limited, Pinnacle Real Estate Development Private Limited, Market City Resources Private Limited, Big Apple Real Estate Private Limited, Bellona Hospitality Services Limited, Palladium Constructions Private Limited, Market City Management Private Limited, Butala Farm Lands Private Limited, Upal Developers Private Limited, Blackwood Developers Private Limited, Sangam Infrabuild Corporation Private Limited, Phoenix Hospitality Company Private Limited, Alliance Spaces Private Limited, Mugwort Land Holding Private Limited, Island Star Mall Developers Private Limited, Savannah Phoenix Pvt. Ltd,, Enhance Holdings Private Limited, Vamona Developers Private Limited, Plutocrat Assets And Capital Management Private Limited, Offbeat Developers Private Limited, Gangetic Developers Private Limited, Graceworks Realty & Leisure Private Limited, Gangetic Hotels Private Limited List of Associates: Mirabel Entertainment Private Limited, Escort Developers Private Limited, Classic Housing Projects Private Limited, Starboard Hotels Private Limited, Galaxy Entertainment India Private Limited, Galaxy Entertainment Corporation Limited. (b) is presented in accordance with the requirement of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and (©) gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and other financial information of the group for the year ended 31" March, 2016. 2|Page5. We draw attention to “i Gi) Note no. 5 of the accompanying statement relating to the company’s investment in the equity shares of Entertainment World Developers Limited (EWDL) and the pending realization from EWDL against the put option exercised on Fully Convertible Debentures (FCDs) of Treasure World Developers Private Limited (TWDPL). The net worth of EWDL/TWDPL has been eroded as per the latest unaudited accounts as at 31st March, 2014. For the reason stated in the aforesaid note, Board has estimated and made provision for impairment of the investment and amount due on the put option on FCD’s of Rs. 11,425 lacs (including Rs. 2,300 lacs for the current year) as at 31° March 2016, which is considered adequate. Note no. 7 of the accompanying statement relating to the provision for doubtful debt made in the books of one subsidiary of Rs. 4,031.13 lacs as on 31st March 2016 (including Rs. 2,138.64 lacs provided during the year) by the management based on the ongoing negotiations with retailers. Our Opinion is not qualified in respect of these matters, 6. The Statements includes the results for the quarter ended March 31, 2016 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. For A. M. Ghelani & Company For Chaturvedi & Shah Chartered Accountants Chartered Accountants (Firm Registration No. 103173W) -_ (Firm Registration No, 101720W) Partner Partner Membership No. 104391 Membership No. 102749 Place: Mumbai Place: Mumbai Date: 13-05-2016 Date: 13-05-2016 3|Page Qt ' Jignesh Mehtays IE PHOENIX MILLS LIMITED Corp. Office: Shree Laxmi Wocien Mis Este, 2nd Floor, FUR Hosiery, Of. OF, €, Moses Ad. Mahalaxmi, Mumbai - 400 011 Ta: (022) 3001 6600 Fax: (022)-3001 8601 ‘GIN No, :L17YooMtonsPLCo0N200 FORMA (For Audit Report with unmodified opinion) Pursuant to the Reguiation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 1] Name ofthe company’ [ The Phoenix Mills Lined 2. | Annual financial statements for the year | 31" March, 2016 ( CONSOLIDATED ) ended 5 | Type of Audit observation Einphasis of Mater 4. | Frequency of observation Repetitive since 2 to 3 years 5._| To be signed by + Managing Director AshokkumarRuia pL © CFO Pradumna Kanodia For A.M. Ghelani & Company + Auditor of the company Chartered Accountants oul No: 1473) Chintan NAaelay Partner Membership No. 104391 For Chaturvedi & Shah ‘Chartered Accountants (Fig Regist Gee. ighesh Mehta, Partner Membership No, 102749 + Audit Committee Chairman | Amit Kumar Dabeiwala wi Pete, Regd. foe: The Phoenx Mis Lid. 462, SenapaliBapat Marg, Lower Parl, Mumba 400 O13 - Te: (022) 24964907 8/9 + Fx: (022) 24998988 E-mal:inlo@the phoentxmils.com -wwthephoenixils comTHE PHOENIX MILES TTD ‘ia No LinonaSPL Coon STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, m6 Regd. Office» 462 Senapat pat Marg, Lower Pte, Mumba 403, “els 2) 2968307/ 08/09 Emil: o@thepneinnllcom Webie wrwshephoenienili.com, Se —— —— —————————— SEIS | RIS TONE Sa5-2015 =} te fetal Tse] Tn7 record bythe Boutd of Directors at their meeting held on 13-05-2016 “The above reults as reviewed by the aut committer have been ak responding previons pesos have been restated/e alacing ques berwcen audited figures i expect o sapoupesd, wherever accesiay 10 make them comparable wih the cu vl dean year and publiohed exe wo date guces upto the third quate ) per Rant share of Rs 2/-et0h. The Boa saded 31-03-2016, the company bad declared and paid interim dividend of Bs 1 holder pproral at the ensuing AGM, Tot pe esi share of Rs. 2/-ench 2100 lacs for year ended 31-03-2106, Rs 8425 las for your ena 31-03-2015 (Refer Note 5 below) and yea ened 31-03-2016 ee OLD lacs ia the equi shares of Enteainment Wodd Developers Lited (EWDU), Rs, 10000 tes in bes the dc against them Te mpaiment ovine apna hese invests € adequate Mam Dated : 13-05-2016 LESSEN o alTHe PHOENIX MILLS LIMITED STATEMENT OF ASSETS AND LIABILITIES EQUITY AND LIABILITIES SHAREHOLDERS FUNDS Shave Capital Reserves & Supls Sub Total Minosity Interest NON-CURRENT LIABILITIES Long Term Boseowings (hes Long Teem Liabilities Long-Term Provitions Sub Total CURRENT LIABILITIES, Short Term Borrowings “Trade Payables Small and Medio Others Other Caerent Liabilities Short Term Provisions Sub Total Toul NON-CURRENT ASSETS, Fixed Ascets ‘Tangible Assets Capital Workin Peogeess Noa-Cuczent Javestments Deferred Tax Assets (Ned) Long-Term Loans and Advances (Other Non-Carsent Assets Sub Toral CURRENT ASSETS orrent Lnvestments Trade Receivables Cash & Cash equivalents ‘Short Term Loans and Advances (Other Correnr Assets 3,060 2, 226,281 187,999 229,341 190,599 52385, 53,190 11,055, 9,792 a 33 a7 035 24,464 7885 1,455 13,176 8ST 3881 33952 24,578 332,780 278,511 44282 45,790 15081 133365, 165,717 123,150 418 24 2058 coos 3.189 3.189 20,665; 205,754 Sob Total Total Numbai Prdumna Kanodia Dated : 13.05.2016 Dixectox FinanceINDEPENDENT AUDITORS’ REPORT To, The Board of Directors ‘The Phoenix Mills Limited 1. We have audited the accompanying Statement of Standalone Financial Results of THE PHOENIX MILLS LIMITED (“the Company”) for the year ended 31* March, 2016 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared on the basis, of the related financial statements which are in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the statement. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement. An audit includes examining, on a test basis, evidence supporting amounts disclosed in the statement. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the significant accounting estimates made by the Management, as well as evaluating the ‘overall presentation of the statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 2. In our opinion and to the best of our information and according to the explanations given to us, the Statement; (@® is prepared in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and Gi) gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the year ended 3 1* March, 2016,3. We draw attention to Note no. 5 of the accompanying statement relating to the mpany’s investment in the equity shares of Entertainment World Developers imited (EWDL) and the pending realization from EWDL against the put option exercised on Fully Convertible Debentures (FCDs) of Treasure World Developers Private Limited (TWDPL). The net worth of EWDL/TWDPL has been eroded as per the latest unaudited accounts as at 31st March, 2014. For the reason stated in the aforesaid note, Board has estimated and made provision for impairment of the investment and amount due on the put option on FCD’s of Rs. 10,525 lacs (including Rs. 2,100 lacs for the current year) as at 31st March 2016, which is considered adequate. Our opinion is not qualified in respect of this matter. 4. The Statement includes the results for the Quarter ended 31st March, 2016 being the balancing figure between audited figures in respected of the full financial year and the published year to date figures up to the third quarter of the full financial year which ‘were subject to limited review by us. For A. M. Ghelani & Company For Chaturvedi & Shah Chartered Accountants Chartered Accountants (Firm Registration No. 103173 (Firm Registration No. 101720W) Chintan A. bly \ mesh Mehta Partner Partner Membership No. 104391 Membership No. 102749 Place: Mumbai Place: Mumbai Date: 13-05-2016 Date: 13-05-2016tug THE PHOENIX MILLS LIMITED Corp. Office: Shree Laxmi Wooien Nils Estate, 2nd Foor, RAR Hosiery, OF. Dr E Moses Re. Mahalaxmi, Mumbai - 400 011 Te: (022) 3001 6600 Fax: (022) 3001 6601 CIN No. :L17 100MM 18051.Coor200 FORM A (For Audit Report with unmodified opinion) Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [Name of the ‘company The Phoenix Mills Limited 3} Annual Francia statements for he year [ 31% March, 2016 ( STANDALONE ) a ended 3._| Type of Audit observat Emphasis of Matter 7 | Frequency of observation Repetidve since 3 years 3. To be signed by © Managing Director ‘Ashokkumar Ruia + CFO Pradumna Kanodia For A.M, Ghelani & Company Chartered Accountants + Auditor ofthe company (Firm Registration Nor 103173W) | Chintan AP Cela Partner Membership No. 104391 For Chaturvedi & Shah Chartered Accountants (Fiem Registration No: 101720W) JTignesh Mehta Partner ‘Membership No. 102749 © Aust Commitee Chaiman | Amit KumarDabivala AWALD 2 tee, Reg. Offce: The Phoeic Mis Lid, 42, Sonepat Bapat Marg, Lower Pare, Mumba 400 3, Tl (022) 2496 4307/9» Fax: (022) 2403 6388 rail :ilo@the phoonirls.com + ww hephoerinmils com