PFA outcome of Board Meeting held on 28th May, 2026
Awaiting price reaction for this filing.
Interworld Digital Ltd reported a net loss of Rs 26.05 Lac for FY2026 compared to Rs 22.24 Lac loss in FY2025. Revenue collapsed to Rs 0.18 Lac from Rs 2.88 Lac, as the company has virtually no business operations. The auditor issued a qualified opinion due to multiple issues: the past Managing Director allegedly fraudulently shifted the entire business and intellectual property to his own entity; ROC fees dispute of Rs 55.97 Lac pending in Delhi High Court; statutory dues of Rs 1.91 Crore outstanding since 2009-10; and unreported credit loss provisions on debtors. The company also defaulted on a vehicle loan of Rs 5.35 Lac to Kotak Mahindra Prime, with the vehicle reportedly in possession of the former MD. Related party transactions include an unsecured loan of Rs 24.85 Lac to promoter group entity Omkam Global Capital. The company has not paid BSE listing fees since 2018-19.
This is a high-risk investment with a qualified audit opinion, going concern issues, ongoing fraud investigation, multiple loan defaults, and virtually no business operations. Shareholders face significant downside risk as the company struggles to recover its business and resolve statutory defaults.