AUDITED RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31.03.2025
Awaiting price reaction for this filing.
Interworld Digital reported audited results for FY25 showing total income of just Rs 2.88 lakhs, down sharply from Rs 6.31 lakhs in FY24, while net loss widened to Rs 22.24 lakhs versus Rs 19.76 lakhs previously. The statutory auditor (Nemani Garg Agarwal & Co.) issued a qualified opinion on the results, flagging five issues including the past MD fraudulently shifting the company's entire business, Rs 1.91 crore of unpaid statutory dues since FY10, non-filing of service tax returns, no provision for credit losses on debtors, and unquoted investments of Rs 1.47 crore with no impairment assessment. The auditor also added emphasis of matter notes for undisclosed MSME balances and a defaulted vehicle loan of Rs 5.35 lakh. The company appointed M/s Sanghi & Co. as internal auditor for FY26 and disclosed related-party transactions including unsecured loans from the promoter group and remuneration to KMPs. Cash from operations remained negative at Rs (12.88) lakhs and BSE listing fees remain unpaid since FY19.
The stock is effectively a shell with negligible operations, widening losses, qualified audit, defaulted obligations, and a stolen business — these are serious red flags for shareholders, suggesting very limited equity value beyond the Rs 8,334 lakh book net worth (largely long-term loans and unverified assets). Near-term share price is likely to remain illiquid and reactive to any recovery of the ex-MD's diverted business, which management is still pursuing.