Phantom Digital Effects Limited — Board Meeting, 06-05-2025: Outcome of Board Meeting

Phantom Digital Effects has announced a board meeting that approved closing the first tranche of its QIP, with applications and funds received. The issue price was fixed at ₹198 per share (face value ₹10 plus ₹188 premium), reflecting a modest 1.65% discount to the floor price. The company also finalized the placement document and allocation notes for investors. This capital raise will boost Phantom’s financial strength and support its growth plans.