Phantom Digital Effects Limited Finalizes Details for CCD Issue, Revises Relevant Date to April 13, 2026
Phantom Digital Effects Limited has announced clarifications regarding its proposed Preferential Issue of Compulsorily Convertible Debentures (CCDs). The company confirmed several operational and financial revisions, notably adjusting the relevant date and detailing the final issue parameters for the debt conversion.The company addressed initial observations regarding the issue, providing clarifications on key operational aspects. Phantom Digital Effects Limited confirmed that the valuation report obtained is applicable to the proposed preferential issue of CCDs. Furthermore, the management clarified that the timeline for utilizing proceeds, previously stated as '12 months', is indicative and shall be calculated from the date of allotment of the CCDs.
In a compliance update, the company affirmed that it is not currently categorized as a fraudulent borrower, wilful defaulter, or fugitive economic offender by any governmental or financial institution.
Revision of Key Issue Parameters
The most significant update concerns the revision of the relevant date. The company corrected the initial mention of April 14, 2026, which was a non-trading day, to April 13, 2026. This revision necessitated changes across the issue details, including the Issue Price and the total size of the proposed allotment.The revised issue details are as follows:
| Parameter | Detail |
|---|---|
| Number of CCDs | Up to 54,08,481 CCDs |
| Revised Relevant Date | April 13, 2026 |
| Revised Issue Price | ₹213.93 per CCD |
| Face Value | ₹10/- per CCD |
| Securities Premium | ₹203.93 per CCD |
| Aggregate Issue Size | ₹115,70,36,340/- (Rupees One Hundred Fifteen Crores Seventy Lakhs Thirty Six Thousand and Three hundred forty only) |
The total utilization amount was also corrected to align with the exact issue size of ₹ 11,570.363 Lakhs.
Impact on Shareholding Pattern
With the revised issue size, the company provided the updated pre and post issue shareholding pattern, assuming the full allotment and conversion of CCDs into Equity Shares to the Proposed Allottee.| S. N. | Category | Pre-Issue No. of Shares | Pre-Issue % | Post-Issue No. of Shares* | Post-Issue %* |
|---|---|---|---|---|---|
| A | Promoters' Holding | Promoters' Holding | Promoters' Holding | Promoters' Holding | Promoters' Holding |
| 1 | Indian Individual | 69,98,800 | 43.95% | 73,98,800 | 34.05% |
| 2 | Body Corporate | - | - | - | - |
| Sub-total (A) | 69,98,800 | 43.95% | 73,98,800 | 34.05% | |
| 3 | Institutional Investors | 1,53,300 | 0.96% | 1,53,300 | 0.71% |
| 4 | Non-Institutional - Private Corporate Bodies (other than Proposed Allottee) | 11,50,200 | 7.22% | 11,50,200 | 5.29% |
| 5 | Zee Entertainment Enterprises Limited (Proposed Allottee) | - | - | 54,08,481 | 24.89% |
| 6 | Directors &Relatives | - | - | - | - |
| 7 | Indian Public | 66,45,800 | 41.74% | 66,45,800 | 30.58% |
| 8 | Others (Including NRIs) | 9,74,700 | 6.13% | 9,74,700 | 4.48% |
| Sub-total (B) | 89,24,000 | 56.05% | 1,43,32,481 | 65.95% | |
| Grand Total | 1,59,22,800 | 100.00% | 2,17,31,281 | 100.00% |
Note: The post-issue shareholding assumes the conversion of 4,00,000 outstanding warrants allotted to the Promoter and the full conversion of up to 54,08,481 CCDs into Equity Shares by the Proposed Allottee.
The company confirmed that upon full conversion of the CCDs, the Proposed Allottee (Zee Entertainment Enterprises Limited) will hold approximately 24.89% of the post-issue paid-up equity share capital, which remains below the 25% threshold.
PHANTOMFX Stock Price Movement
On Friday, Phantom Digital Effects Limited shares edged higher, gaining 3.79% to close at ₹182.10. The stock traded on a volume of 10,500 shares, completing the day within a range of ₹175 to ₹190.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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