disclosure
Awaiting price reaction for this filing.
Interworld Digital has disclosed a default on its loan obligations as of 30 September 2025, filed with BSE pursuant to SEBI's 2019 circular. Total financial indebtedness stands at INR 1.61 crore, of which INR 0.06 crore is in default. The defaulted amount relates to the last installment of a vehicle loan from Kotak Mahindra Prime Limited (interest rate 9.79%, secured). Other outstanding obligations include INR 1.55 crore in unsecured short-term and long-term loans and INR 0.05 crore in unpaid interest and charges. The company attributes the default to its past Managing Director, Man Mohan Gupta, who allegedly fraudulently shifted the company's business and intellectual property to other entities and retains possession of the vehicle purchased with the loan funds.
This filing signals credit distress and governance issues at the company. The default on a small but notable loan, combined with allegations of past management fraud, raises concerns about the company's financial health and operational integrity, which could weigh negatively on the stock and erode investor confidence.