EGM clears electronics pivot, director appointment and higher borrowing powers
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At an EGM on July 17, 2026, Interworld Digital shareholders cleared 8 resolutions. These include altering the Object Clause to add consumer electronics, mobile phones, mobile accessories and computer hardware as new business areas, adopting new MOA and AOA aligned with the Companies Act 2013, and regularising Mr. Faizal Bavaraparambil Abdul Khader (DIN 07729191) as Non-Executive Non-Independent Director. Borrowing limit raised to Rs 200 crore, investment and loan powers to Rs 50 crore, Section 185 loans to Rs 25 crore, and related party transactions for FY27 capped at Rs 26.80 crore.
Signals a business pivot into electronics and mobile distribution, backed by larger borrowing and investment headroom for the new line.