Phantom Digital Effects Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

The Board of Directors of Phantom Digital Effects Limited has announced a board meeting where it approved several significant decisions, subject to shareholder approval. Key outcomes include increasing the authorized share capital from ₹20 Cr to ₹25 Cr, altering the capital clause of the Memorandum of Association, and planning to raise funds through Qualified Institutional Placement (QIP) up to ₹80 Cr and via a preferential issue of Fully Convertible Warrants for up to ₹60 Cr. These moves are aimed at strengthening the company's financial position and supporting future growth initiatives.