Produced by Sajid Nadiadwala's production house Nadiadwala Grandson Entertainment, the film is said to be about the situation post 26/11 attacks in Mumbai and global terrorism.
"@PhantomMovie has been cleared with a 'UA' certificate," the official Twitter handle of Nadiadwala Grandson Entertainment read.
Based on crime author Hussain Zaidi's novel "Mumbai Avengers", "Phantom" is scheduled to release on August 28.
It is the second time Katrina is teaming up with both Saif and Kabir as she worked with the actor in 2008 hit "Race" with the actor and the director in "New York"