Phoenix Mills elevates Shishir Shrivastava to Non-Executive Vice-Chairman; Kulkarni & Sen designated KMPs
The elevation of the Managing Director to a Non-Executive Vice-Chairman position signifies a significant shift in leadership and strategic oversight, potentially influencing the company's long-term direction. The designation of two Whole-time Directors as Key Managerial Personnel formalizes critical roles, enhancing governance and operational efficiency.
The announcement details a strategic restructuring of leadership roles, including the elevation of a long-standing Managing Director to a Vice-Chairman position and the formal designation of two Whole-time Directors as Key Managerial Personnel. These changes leverage the experience of key individuals and strengthen the company's management structure and governance.
The Phoenix Mills Limited's Board of Directors, at its meeting held on September 29, 2025, approved key changes in its leadership, effective from October 1, 2025: * Mr. Shishir Shrivastava, currently the Managing Director and Key Managerial Personnel, has been elevated to Non-Executive Vice-Chairman for a period of two years, from October 1, 2025, to September 30, 2027. This elevation is subject to the approval of the shareholders of the Company. In his new role, Mr. Shrivastava will guide and mentor the executive management and support the Chairman and Board in formulating growth strategy and corporate decision-making. * Mr. Rajesh Kulkarni, a Whole-time Director, has been designated as Key Managerial Personnel (KMP) of the Company, effective from October 1, 2025. Mr. Kulkarni has over 34 years of experience in design and project management and has been instrumental in delivering several landmark real estate mixed-use developments for the company for nearly 19 years. * Ms. Rashmi Sen, a Whole-time Director, has also been designated as Key Managerial Personnel (KMP) of the Company, effective from October 1, 2025. Ms. Sen brings over 27 years of experience in developing business plans, marketing strategies, leasing, and sales for retail, residential, and commercial assets, and is responsible for driving the strategic intent for the future expansion of the retail business.
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The Phoenix Mills Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by The Phoenix Mills Limited. Read the original for the full detail.