Phantom Digital Effects Board Approves USD 2.7 Million Investment in UK Subsidiary and Reconstitutes Key Committees
Phantom Digital Effects Limited, during its Board of Directors meeting on August 7, 2026, approved a significant further investment into Milk Visual Effects Limited, a Wholly Owned Subsidiary (WOS), as well as formalized the reconstitution of several key governance committees. The company also sanctioned an application to the Registrar of Companies regarding an extension for holding the Annual General Meeting (AGM) for the financial year ended March 31, 2026.The Board approved a further investment in Milk Visual Effects Limited through the subscription of additional equity shares. This transaction is planned in one or more tranches and involves an aggregate investment amount of USD 2.7 Million.
Milk Visual Effects Limited operates within the Visual Effects (VFX), Animation, and Post-Production Services industry. The purpose of this investment is to support working capital requirements and future growth initiatives for the UK entity.
The investment details are as follows:
| Particulars | Details |
|---|---|
| Target Entity | Milk Visual Effects Limited, United Kingdom |
| Industry | Visual Effects (VFX), Animation and Post-Production Services |
| Total Consideration | USD 2.70 Million in one or more tranches |
| Mode of Consideration | Cash consideration via subscription to additional equity shares |
| Shareholding Status | Milk Visual Effects Limited will remain a 100% Wholly Owned Subsidiary |
The Board meeting also approved the reconstitution of its specialized committees, effective from August 7, 2026. These committees include the Audit Committee, Nomination and Remuneration Committee, Corporate & Social Responsibility (CSR) Committee, Stakeholder Relationship Committee, and Risk Management Committee.
Details regarding the membership of these reconstituted committees are provided below:
Committee Memberships
Audit Committee:| Sr. No. | Name of Committee Member | Position | Category |
|---|---|---|---|
| 01. | Mr. Armugam Narayana | Chairman | Independent |
| 02. | Mrs. Vandana Bhojgaria | Member | Independent |
| 03. | Mr. Muthukumaran | Member | Independent |
Nomination and Remuneration Committee:
| Sr. No. | Name of Committee Member | Position | Category |
|---|---|---|---|
| 01. | Mrs. Vandana Bhojgaria | Chairman | Independent |
| 02. | Mr. Armugam Narayana | Member | Independent |
| 03. | Mrs. Vandana Bhojgaria | Member | Independent |
Corporate & Social Responsibility Committee (CSR):
| Sr. No. | Name of Committee Member | Position | Category |
|---|---|---|---|
| 01. | Mr. Muthukumaran | Chairman | Independent |
| 02. | Mrs. Syntia Moses Darry | Member | Executive Director |
| 03. | Mrs. Vandana Bhojgaria | Member | Independent |
Stakeholder Relationship Committee:
| Sr. No. | Name of Committee Member | Position | Category |
|---|---|---|---|
| 01. | Mr. Armugam Narayana | Chairman | Independent |
| 02. | Mrs. Syntia Moses Darry | Member | Executive Director |
| 03. | Mrs. Vandana Bhojgaria | Member | Independent |
Risk Management Committee:
| Sr. No. | Name of Committee Member | Position | Category |
|---|---|---|---|
| 01. | Mr. Armugam Narayana | Chairman | Independent |
| 02. | Mr. Binu Joshua S | Member | Executive Director |
| 03. | Mr. Ravindran | Member | Executive Director |
PHANTOMFX Stock Price Movement
Phantom Digital Effects Limited shares tumbled as the stock closed today, shedding ₹9.00 or 5.45% in a sharp downward move. The decline was dramatic, pushing the equity to its 52-week low and registering a traded volume of 29,700 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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