PFA Annual Secretarial Report for the year ended 31st March, 2026
Awaiting price reaction for this filing.
Interworld Digital Limited has submitted its Annual Secretarial Compliance Report for FY2025-26. The secretarial auditor (Kundan Agrawal & Associates) found the company largely compliant with SEBI regulations but flagged two material violations. First, the company has defaulted on payment of Annual Listing Fees to BSE (due to paucity of funds), causing BSE to suspend trading of its scrip — though SEBI has allowed limited Trade-for-Trade trading on the first trading day of each week until fees are cleared. Second, the company has defaulted on loan repayments to Kotak Mahindra Prime Limited (vehicle loan), with approximately Rs. 0.6 crore in outstanding principal/interest as of March 31, 2026. Additionally, the past Managing Director, Mr. Man Mohan Gupta, allegedly shifted the entire business including Intellectual Property to other entities he formed, and is not cooperating with the company to resolve the Kotak loan. The company also accepted interest-free unsecured loans of Rs. 167.05 lakhs from related parties including its own Directors.
The company faces significant regulatory and operational challenges — trading restrictions due to unpaid listing fees and loan defaults signal financial distress. The departure of the MD with business and IP raises governance red flags and potential legal disputes.