Phantom Digital Effects Limited — Board Meeting, 30-04-2025: Outcome of Board Meeting

Phantom Digital Effects Limited's Board has approved the allotment of 4,00,000 convertible warrants at an issue price of ₹247 each, raising approximately ₹9.88 crore. The company will collect 25% of the subscription amount upfront, with the remaining 75% payable upon conversion. This funding initiative aims to bolster financial strength and supports the promoter, Bejoy Arputharaj, in increasing his holdings, which is likely to enhance investor confidence and signal the company's growth trajectory.