Phantom Digital Effects Limited — Board Meeting, 30-12-2024: Outcome of Board Meeting

Phantom Digital Effects Limited has announced a board meeting outcome, where the board approved key initiatives including the incorporation of a wholly owned subsidiary in China and the acquisition of TIPPETT CANADA INC. This strategic move is aimed at expanding the company's reach in the evolving VFX industry. The new subsidiary, named Phantomfx Studios, will have an initial capital of approximately ₹3.5 lakh (0.035 Cr), positioning the company to leverage growth opportunities in the global market. These actions underscore the company's commitment to enhancing its global presence and client focus.