Board of Directors of the Company in its meeting held on Wednesday, 13th August, 2025 at 12:00 PM at 701, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi - 110001 and ....
Awaiting price reaction for this filing.
Interworld Digital Limited's Board approved standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations, down from ₹0.18 lac in Q1 FY25 and ₹0.97 lac in Q1 FY24. Total expenses stood at ₹5.89 lac, resulting in a net loss of ₹5.89 lac for the quarter (vs. a loss of ₹6.48 lac in Q1 FY25). Loss per share was negligible due to a large paid-up equity base of ₹4,783.77 lac. The statutory auditor issued a qualified review report, flagging issues including past fraud by a former MD, disputed ROC fees of ₹55.97 lac, outstanding statutory dues of ₹1.91 crore since FY09-10, non-provision for credit losses on debtors, and non-disclosure of impairment on ₹1.47 crore of unquoted investments. Emphasis was also drawn to undisclosed MSME balances and a defaulted vehicle loan of ₹5.35 lac with Kotak Mahindra Prime.
For shareholders: The company remains operationally dormant with no revenue, persistent losses, multiple legacy legal/tax contingencies, and auditor qualifications — all of which point to significant business uncertainty and no near-term earnings visibility. The stock is likely to be viewed negatively given the distressed fundamentals.