Pursuance to Regulation 33 of SEBI (LODR) Regulations, 2015, the Board of Directors of the Company in its meeting held on Thursday, 29th May, 2025 at 12:00 P.M. at 701, Arunachal Building, ....
Awaiting price reaction for this filing.
Interworld Digital's board approved audited standalone results for Q4 and FY ended March 31, 2025. Total income collapsed to Rs 2.88 lakhs in FY25 from Rs 6.31 lakhs in FY24, as the past Managing Director had earlier fraudulently shifted the company's entire business and intellectual property to his own entities, leaving almost no operations. The company reported a wider net loss of Rs 22.24 lakhs (vs Rs 19.76 lakhs loss in FY24) and negative operating cash flow of Rs 12.88 lakhs. The auditor issued a Qualified Opinion with five repeated qualifications since FY15, covering the diverted business, a Rs 55.97 lakh ROC fees dispute, Rs 1.91 crore of unpaid statutory dues since FY10, unprovided credit losses on debtors, and Rs 1.47 crore of unquoted investments with no disclosed realisable value. The auditor also flagged an emphasis-of-matter on undisclosed MSME balances and a defaulted Kotak Mahindra vehicle loan of Rs 5.35 lakhs. The board also appointed M/s Sanghi & Co. as Internal Auditor for FY26 and disclosed related-party loans from promoter-group entities.
For shareholders, this is a deeply negative filing — operations are essentially non-existent, losses are widening, cash is being burned, and there are multiple legacy defaults including unpaid BSE listing fees since 2018-19. The repeated qualified audit opinion signals persistent governance and recoverability concerns, and the stock is likely to remain thinly traded and illiquid.