Phantom Digital Effects Limited — Others, 04-03-2025: Shareholders meeting

Phantom Digital Effects Limited has announced a board meeting on March 26, 2025, at 11:00 AM (IST) via video conferencing to seek shareholder approval for several key proposals. The first is to increase the authorized share capital from ₹20 crore to ₹25 crore, enhancing its capacity for growth and investment. The second involves issuing up to 24,27,000 convertible warrants at ₹247 each, targeting a total raise of about ₹59.95 crore, aimed at bolstering working capital and strategic expansions. Lastly, the company intends to raise up to ₹80 crore through a qualified institutions placement (QIP) to support various growth initiatives. Investor sentiment may lean positively towards this strategic capital-raising approach, aligning with the company's growth trajectory.