Phantom Digital Effects Limited — Board Meeting, 11-07-2025: Outcome of Board Meeting

Phantom Digital Effects has announced a board meeting approving the closure of its Qualified Institutions Placement (QIP) issue, raising Rs. 59.99 Cr by allotting 23.44 lakh equity shares at Rs. 256 each. Key investors include Shine Star Build Cap Pvt Ltd (11.66%) and Vikasa India EIF I Fund (8.33%). The board also approved the placement document and finalized allocation notes for the eligible institutional buyers. This fundraise strengthens the company’s capital base, supporting its growth plans in the digital effects space.